BMVP vs IVV
Invesco Bloomberg MVP Multi-factor ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | BMVP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $106M | $907.0B | |
| Dividend Yield | 1.71% | 1.10% | |
| Holdings | 58 | 508 | |
| YTD Return | +11.52% | +12.28% | |
| 1Y Return | +12.41% | +20.94% | |
| 3Y Return (annualized) | +14.74% | +21.81% | |
| 5Y Return (annualized) | +7.69% | +13.05% | |
| Volatility (annualized) | 15.6% | 15.1% | |
| Max Drawdown | -53.4% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 1, 2003 | May 15, 2000 |
BMVP vs IVV Performance
Invesco Bloomberg MVP Multi-factor ETF (BMVP) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BMVP returned +12.41% while IVV returned +20.94%. Year to date, BMVP is up 11.52% versus a gain of 12.28% for IVV.
Over three years, BMVP compounded at +14.74% per year against +21.81% for IVV; over five years the annualized figures are +7.69% and +13.05% respectively. Across the full 23-year window we track, BMVP has the edge at +7.62% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BMVP has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -53.4% for BMVP and -56.5% for IVV. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BMVP charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, BMVP currently yields 1.71% against 1.10% for IVV.
Holdings Overlap
BMVP and IVV share 53 holdings out of 508 unique holdings combined, representing a 10.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BMVP or IVV?
BMVP has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, BMVP or IVV?
Over the past year BMVP returned +12.41% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (23 years), BMVP annualized +7.62% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, BMVP or IVV?
BMVP has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: BMVP -53.4% vs IVV -56.5%.
Should I hold both BMVP and IVV?
BMVP and IVV have a monthly-return correlation of 0.91, 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 BMVP and IVV?
BMVP and IVV share 53 common holdings with a 10.5% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, BMVP or IVV?
BMVP yields 1.71% while IVV yields 1.10%, so BMVP currently pays the higher dividend yield.
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