IVV vs JMSI
iShares Core S&P 500 ETF vs JPMorgan Sustainable Municipal Income 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 | JMSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.18% | |
| AUM | $886.7B | $390M | |
| Dividend Yield | 1.10% | 3.71% | |
| Holdings | 508 | 297 | |
| YTD Return | +12.13% | -0.63% | |
| 1Y Return | +20.37% | +3.19% | |
| 3Y Return (annualized) | +20.91% | +3.58% | |
| 5Y Return (annualized) | +12.59% | - | |
| Volatility (annualized) | 15.1% | 4.7% | |
| Max Drawdown | -56.5% | -4.6% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jul 14, 2023 |
IVV vs JMSI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan Sustainable Municipal Income ETF (JMSI) is a ETF from J.P. Morgan Asset Management. Over the past year IVV returned +20.37% while JMSI returned +3.19%. Year to date, IVV is up 12.13% versus a loss of 0.63% for JMSI.
Over three years, IVV compounded at +20.91% per year against +3.58% for JMSI. Across the full 3-year window we track, IVV has the edge at +6.97% annualized vs +2.94%. 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 4.7% for JMSI. 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 -4.6% for JMSI. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JMSI charges 0.18%. On a $10,000 position that is $3 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.71% for JMSI.
Holdings Overlap
IVV and JMSI share 0 holdings out of 517 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 JMSI?
IVV has an expense ratio of 0.03% while JMSI charges 0.18%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, IVV or JMSI?
Over the past year IVV returned +20.37% vs +3.19% for JMSI, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +6.97% vs +2.94% for JMSI. Past performance does not guarantee future results.
Which is riskier, IVV or JMSI?
IVV has been the more volatile fund at 15.1% annualized versus 4.7% for JMSI. Worst drawdown: IVV -56.5% vs JMSI -4.6%.
Should I hold both IVV and JMSI?
IVV and JMSI have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JMSI?
IVV and JMSI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, IVV or JMSI?
IVV yields 1.10% while JMSI yields 3.71%, so JMSI currently pays the higher dividend yield.
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