IVV vs MBNE
iShares Core S&P 500 ETF vs State Street Nuveen Municipal Bond ESG 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 | MBNE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.43% | |
| AUM | $907.0B | $9M | |
| Dividend Yield | 1.10% | 3.50% | |
| Holdings | 508 | 37 | |
| YTD Return | +12.28% | -0.17% | |
| 1Y Return | +20.94% | +3.79% | |
| 3Y Return (annualized) | +21.81% | +2.37% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 5.5% | |
| Max Drawdown | -56.5% | -6.2% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Apr 4, 2022 |
IVV vs MBNE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street Nuveen Municipal Bond ESG ETF (MBNE) is a ETF from State Street Investment Management. Over the past year IVV returned +20.94% while MBNE returned +3.79%. Year to date, IVV is up 12.28% versus a loss of 0.17% for MBNE.
Over three years, IVV compounded at +21.81% per year against +2.37% for MBNE. Across the full 4-year window we track, IVV has the edge at +6.98% annualized vs +2.09%. 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 5.5% for MBNE. 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 -6.2% for MBNE. 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 MBNE charges 0.43%. On a $10,000 position that is $3 vs $43 annually, a gap of $40 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.50% for MBNE.
Holdings Overlap
IVV and MBNE share 0 holdings out of 513 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 MBNE?
IVV has an expense ratio of 0.03% while MBNE charges 0.43%. IVV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, IVV or MBNE?
Over the past year IVV returned +20.94% vs +3.79% for MBNE, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +2.09% for MBNE. Past performance does not guarantee future results.
Which is riskier, IVV or MBNE?
IVV has been the more volatile fund at 15.1% annualized versus 5.5% for MBNE. Worst drawdown: IVV -56.5% vs MBNE -6.2%.
Should I hold both IVV and MBNE?
IVV and MBNE 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 MBNE?
IVV and MBNE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or MBNE?
IVV yields 1.10% while MBNE yields 3.50%, so MBNE currently pays the higher dividend yield.
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