IVV vs MVV
IVV vs MVV
iShares Core S&P 500 ETF vs ProShares Ultra MidCap400
Quick Verdict
IVV has a lower expense ratio. MVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $156M | |
| Dividend Yield | 1.09% | 0.65% | |
| Holdings | 508 | 411 | |
| YTD Return | +13.31% | +27.86% | |
| 1Y Return | +24.00% | +42.17% | |
| 3Y Return (annualized) | +21.16% | +18.03% | |
| 5Y Return (annualized) | +13.34% | +7.86% | |
| Volatility (annualized) | 15.1% | 36.6% | |
| Max Drawdown | -56.5% | -86.3% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 19, 2006 |
IVV vs MVV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra MidCap400 (MVV) is a ETF from ProShares. Over the past year IVV returned +24.00% while MVV returned +42.17%. Year to date, IVV is up 13.31% versus a gain of 27.86% for MVV.
Over three years, IVV compounded at +21.16% per year against +18.03% for MVV; over five years the annualized figures are +13.34% and +7.86% respectively. Across the full 20-year window we track, MVV has the edge at +10.76% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -86.3% for MVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MVV charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.65% for MVV.
Holdings Overlap
IVV and MVV share 1 holdings out of 905 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MVV | Difference |
|---|---|---|---|
| PR | 0.62% | 0.07% | 0.55% |
Frequently Asked Questions
Which is cheaper, IVV or MVV?
IVV has an expense ratio of 0.03% while MVV charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or MVV?
Over the past year IVV returned +24.00% vs +42.17% for MVV, so MVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.03% vs +10.76% for MVV. Past performance does not guarantee future results.
Which is riskier, IVV or MVV?
MVV has been the more volatile fund at 36.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MVV -86.3%.
Should I hold both IVV and MVV?
IVV and MVV have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and MVV?
IVV and MVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 905 unique securities.
Which pays a higher dividend, IVV or MVV?
IVV yields 1.09% while MVV yields 0.65%, so IVV currently pays the higher dividend yield.
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