IVV vs MCSE
iShares Core S&P 500 ETF vs Franklin Sustainable International Equity ETF
Which is better, IVV or MCSE?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%.
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 | MCSE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.59% |
| AUM | $876.4B | $3M |
| Dividend Yield | 1.06% | 3.77% |
| Holdings | 508 | 28 |
| Volatility (annualized) | 12.4%Best | 19.2% |
| Max Drawdown | -18.8%Best | -25.9% |
| $10,000 over 3.2 years | $18,747Best | $12,200 |
| Top 10 Weight | 37.8%Best | 51.7% |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Oct 31, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 260 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 25, 2026 and MCSE through Jan 8, 2026.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Oct 31, 2022 to Jan 8, 2026 (3.2 years).
Risk: Volatility and Drawdowns
MCSE has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 12.4% for IVV. 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 -25.9% for MCSE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MCSE charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.77% for MCSE.
Holdings Overlap
0.4% of IVV's money is in holdings MCSE also owns. 14.6% of MCSE's money is in holdings IVV also owns.
MCSE and IVV share little of their money.
The two holdings books were reported 276 days apart, IVV as of Aug 31, 2026 and MCSE as of Nov 28, 2025, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 490 positions we hold weights for in IVV and 26 in MCSE, against full books of 508 and 28.
What only one of them owns
Our book lists 0 positions for MCSE that do not appear in our book for IVV (0.0% of the fund), and 479 for IVV that do not appear in MCSE (98.2%).
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 MCSE 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 MCSE?
IVV has an expense ratio of 0.03% while MCSE charges 0.59%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which is riskier, IVV or MCSE?
MCSE has been the more volatile fund at 19.2% annualized versus 12.4% for IVV. Worst drawdown: IVV -18.8% vs MCSE -25.9%.
Should I hold both IVV and MCSE?
IVV and MCSE have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and MCSE?
14.6% of MCSE's money is in holdings IVV also owns. 14.6% of MCSE's is in holdings IVV also owns. They hold 3 positions in common, counted across the 490 positions we hold weights for in IVV and 26 in MCSE.
Which pays a higher dividend, IVV or MCSE?
IVV yields 1.06% while MCSE yields 3.77%, so MCSE currently pays the higher dividend yield.
Is MCSE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.