IVV vs MCOW
iShares Core S&P 500 ETF vs Pacer S&P MidCap 400 Quality FCF Aristocrats 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 | MCOW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $907.0B | $1M | |
| Dividend Yield | 1.10% | 0.21% | |
| Holdings | 508 | 79 | |
| YTD Return | +12.71% | +11.78% | |
| 1Y Return | +21.89% | +8.24% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 14.4% | |
| Max Drawdown | -56.5% | -15.1% | |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 27, 2025 |
IVV vs MCOW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (MCOW) is a ETF from Pacer ETFs. Over the past year IVV returned +21.89% while MCOW returned +8.24%. Year to date, IVV is up 12.71% versus a gain of 11.78% for MCOW.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.4% for MCOW. 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 -15.1% for MCOW. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MCOW charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.21% for MCOW.
Holdings Overlap
IVV and MCOW share 0 holdings out of 583 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 MCOW?
IVV has an expense ratio of 0.03% while MCOW charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or MCOW?
Over the past year IVV returned +21.89% vs +8.24% for MCOW, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, IVV or MCOW?
IVV has been the more volatile fund at 15.1% annualized versus 14.4% for MCOW. Worst drawdown: IVV -56.5% vs MCOW -15.1%.
Should I hold both IVV and MCOW?
IVV and MCOW have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MCOW?
IVV and MCOW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 583 unique securities.
Which pays a higher dividend, IVV or MCOW?
IVV yields 1.10% while MCOW yields 0.21%, so IVV currently pays the higher dividend yield.
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