IVV vs JMHI
iShares Core S&P 500 ETF vs JPMorgan High Yield Municipal 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 | IVV | JMHI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $293M | |
| Dividend Yield | 1.10% | 4.56% | |
| Holdings | 508 | 236 | |
| YTD Return | +12.71% | +0.91% | |
| 1Y Return | +21.89% | +5.25% | |
| 3Y Return (annualized) | +22.08% | +5.39% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 5.7% | |
| Max Drawdown | -56.5% | -7.1% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jul 14, 2023 |
IVV vs JMHI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan High Yield Municipal ETF (JMHI) is a ETF from J.P. Morgan Asset Management. Over the past year IVV returned +21.89% while JMHI returned +5.25%. Year to date, IVV is up 12.71% versus a gain of 0.91% for JMHI.
Over three years, IVV compounded at +22.08% per year against +5.39% for JMHI. Across the full 3-year window we track, IVV has the edge at +7.00% annualized vs +4.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.7% for JMHI. 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 -7.1% for JMHI. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while JMHI charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.56% for JMHI.
Holdings Overlap
IVV and JMHI share 0 holdings out of 533 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, IVV or JMHI?
IVV has an expense ratio of 0.03% while JMHI charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or JMHI?
Over the past year IVV returned +21.89% vs +5.25% for JMHI, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +4.17% for JMHI. Past performance does not guarantee future results.
Which is riskier, IVV or JMHI?
IVV has been the more volatile fund at 15.1% annualized versus 5.7% for JMHI. Worst drawdown: IVV -56.5% vs JMHI -7.1%.
Should I hold both IVV and JMHI?
IVV and JMHI have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JMHI?
IVV and JMHI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, IVV or JMHI?
IVV yields 1.10% while JMHI yields 4.56%, so JMHI currently pays the higher dividend yield.
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