INTM vs IVV
Invesco Intermediate Municipal 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 505 holdings.
Side-by-Side Comparison
| Metric | INTM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $101M | $865.2B | |
| Dividend Yield | 2.92% | 1.09% | |
| Holdings | 173 | 508 | |
| YTD Return | -0.28% | +13.43% | |
| 1Y Return | +3.81% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 4.2% | 15.1% | |
| Max Drawdown | -2.9% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 23, 2025 | May 15, 2000 |
INTM vs IVV Performance
Invesco Intermediate Municipal ETF (INTM) 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 INTM returned +3.81% while IVV returned +22.61%. Year to date, INTM is down 0.28% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.2% for INTM. 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 -2.9% for INTM 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INTM charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, INTM currently yields 2.92% against 1.09% for IVV.
Holdings Overlap
INTM and IVV share 0 holdings out of 562 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INTM or IVV?
INTM has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, INTM or IVV?
Over the past year INTM returned +3.81% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), INTM annualized +3.99% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, INTM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.2% for INTM. Worst drawdown: INTM -2.9% vs IVV -56.5%.
Should I hold both INTM and IVV?
INTM and IVV have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INTM and IVV?
INTM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, INTM or IVV?
INTM yields 2.92% while IVV yields 1.09%, so INTM currently pays the higher dividend yield.
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