ITM vs IVV
VanEck Intermediate Muni 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 | ITM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $2.2B | $865.2B | |
| Dividend Yield | 2.92% | 1.09% | |
| Holdings | 1,365 | 508 | |
| YTD Return | -2.24% | +13.80% | |
| 1Y Return | +2.21% | +23.01% | |
| 3Y Return (annualized) | +2.59% | +21.77% | |
| 5Y Return (annualized) | -0.28% | +13.39% | |
| Volatility (annualized) | 24.6% | 15.1% | |
| Max Drawdown | -46.2% | -56.5% | |
| Fund Family | VanEck | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 4, 2007 | May 15, 2000 |
ITM vs IVV Performance
VanEck Intermediate Muni ETF (ITM) is a ETF from VanEck and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ITM returned +2.21% while IVV returned +23.01%. Year to date, ITM is down 2.24% versus a gain of 13.80% for IVV.
Over three years, ITM compounded at +2.59% per year against +21.77% for IVV; over five years the annualized figures are -0.28% and +13.39% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs +3.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ITM has been the more volatile fund, with annualized monthly volatility of 24.6% 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 -46.2% for ITM 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 0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ITM charges 0.18% per year while IVV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, ITM currently yields 2.92% against 1.09% for IVV.
Holdings Overlap
ITM and IVV share 0 holdings out of 895 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, ITM or IVV?
ITM has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, ITM or IVV?
Over the past year ITM returned +2.21% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), ITM annualized +3.22% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, ITM or IVV?
ITM has been the more volatile fund at 24.6% annualized versus 15.1% for IVV. Worst drawdown: ITM -46.2% vs IVV -56.5%.
Should I hold both ITM and IVV?
ITM and IVV have a monthly-return correlation of 0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ITM and IVV?
ITM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 895 unique securities.
Which pays a higher dividend, ITM or IVV?
ITM yields 2.92% while IVV yields 1.09%, so ITM currently pays the higher dividend yield.
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