IVV vs JMUB
iShares Core S&P 500 ETF vs JPMorgan Municipal ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. JMUB offers more diversification with 2,068 holdings.
Side-by-Side Comparison
| Metric | IVV | JMUB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.18% | |
| AUM | $907.0B | $8.5B | |
| Dividend Yield | 1.10% | 3.66% | |
| Holdings | 508 | 2,068 | |
| YTD Return | +12.28% | +0.48% | |
| 1Y Return | +20.94% | +4.30% | |
| 3Y Return (annualized) | +21.81% | +3.80% | |
| 5Y Return (annualized) | +13.05% | +0.92% | |
| Volatility (annualized) | 15.1% | 5.2% | |
| Max Drawdown | -56.5% | -12.5% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 29, 2018 |
IVV vs JMUB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan Municipal ETF (JMUB) is a ETF from J.P. Morgan Asset Management. Over the past year IVV returned +20.94% while JMUB returned +4.30%. Year to date, IVV is up 12.28% versus a gain of 0.48% for JMUB.
Over three years, IVV compounded at +21.81% per year against +3.80% for JMUB; over five years the annualized figures are +13.05% and +0.92% respectively. Across the full 8-year window we track, IVV has the edge at +6.98% annualized vs +2.02%. 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 5.2% for JMUB. 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 -12.5% for JMUB. 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
IVV charges 0.03% per year while JMUB 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 3.66% for JMUB.
Holdings Overlap
IVV and JMUB share 0 holdings out of 553 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 JMUB?
IVV has an expense ratio of 0.03% while JMUB 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 JMUB?
Over the past year IVV returned +20.94% vs +4.30% for JMUB, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +6.98% vs +2.02% for JMUB. Past performance does not guarantee future results.
Which is riskier, IVV or JMUB?
IVV has been the more volatile fund at 15.1% annualized versus 5.2% for JMUB. Worst drawdown: IVV -56.5% vs JMUB -12.5%.
Should I hold both IVV and JMUB?
IVV and JMUB 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 IVV and JMUB?
IVV and JMUB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, IVV or JMUB?
IVV yields 1.10% while JMUB yields 3.66%, so JMUB currently pays the higher dividend yield.
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