IVV vs MATR
iShares Core S&P 500 ETF vs Harbor Multi-Asset Total Return ETF
Which is better, IVV or MATR?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 66.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MATR |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.80% |
| AUM | $876.4B | $11M |
| Dividend Yield | 1.06% | 2.76% |
| Holdings | 508 | 24 |
| YTD Return | +11.03%Best | +5.44% |
| 1Y Return | +15.62%Best | +9.43% |
| 3Y Return (annualized) | +20.81%Best | +14.44% |
| 5Y Return (annualized) | +12.61% | - |
| Volatility (annualized) | 12.6% | 8.5%Best |
| Max Drawdown | -18.8% | -12.9%Best |
| $10,000 over 3 years | $17,401Best | $14,878 |
| Top 10 Weight | 37.8%Best | 66.5% |
| Fund Family | iShares by BlackRock (US) | Harbor Funds |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Sep 13, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 14, 2023 to Sep 16, 2026 (3 years).
IVV vs MATR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
IVV vs MATR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Harbor Multi-Asset Total Return ETF (MATR) is an ETF from Harbor Funds. Over the past year IVV returned +15.62% while MATR returned +9.43%. Year to date, IVV is up 11.03% versus a gain of 5.44% for MATR.
Over three years, IVV compounded at +20.81% per year against +14.44% for MATR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 8.5% for MATR. 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 -18.8% for IVV and -12.9% for MATR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MATR charges 0.80%. On a $10,000 position that is $3 vs $80 annually, a gap of $77 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.76% for MATR.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 25 in MATR, totalling 99.3% and 95.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 25 in MATR, against full books of 508 and 24.
What only one of them owns
Our book lists 23 positions for MATR that do not appear in our book for IVV (92.5% of the fund), and 482 for IVV that do not appear in MATR (98.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and MATR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MATR?
IVV has an expense ratio of 0.03% while MATR charges 0.80%. IVV is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, IVV or MATR?
Over the past year IVV returned +15.62% vs +9.43% for MATR, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MATR?
IVV has been the more volatile fund at 12.6% annualized versus 8.5% for MATR. Worst drawdown: IVV -18.8% vs MATR -12.9%.
Should I hold both IVV and MATR?
IVV and MATR have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or MATR?
IVV yields 1.06% while MATR yields 2.76%, so MATR currently pays the higher dividend yield.
Is MATR better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 66.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.