IVV vs MCSE
iShares Core S&P 500 ETF vs Franklin Sustainable International Equity 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 | MCSE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $907.0B | $3M | |
| Dividend Yield | 1.10% | 3.77% | |
| Holdings | 508 | 28 | |
| YTD Return | +12.96% | -0.63% | |
| 1Y Return | +20.70% | +3.20% | |
| 3Y Return (annualized) | +22.10% | +1.38% | |
| 5Y Return (annualized) | +13.40% | - | |
| Volatility (annualized) | 15.1% | 19.2% | |
| Max Drawdown | -56.5% | -25.9% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 31, 2022 |
IVV vs MCSE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Franklin Sustainable International Equity ETF (MCSE) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +20.70% while MCSE returned +3.20%. Year to date, IVV is up 12.96% versus a loss of 0.63% for MCSE.
Over three years, IVV compounded at +22.10% per year against +1.38% for MCSE. Across the full 3-year window we track, IVV has the edge at +7.01% annualized vs +6.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCSE has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 15.1% 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 -56.5% for IVV and -25.9% for MCSE. 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 0.75. 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 1.10% against 3.77% for MCSE.
Holdings Overlap
IVV and MCSE share 3 holdings out of 528 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or MCSE?
Over the past year IVV returned +20.70% vs +3.20% for MCSE, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.01% vs +6.41% for MCSE. Past performance does not guarantee future results.
Which is riskier, IVV or MCSE?
MCSE has been the more volatile fund at 19.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MCSE -25.9%.
Should I hold both IVV and MCSE?
IVV and MCSE have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MCSE?
IVV and MCSE share 3 common holdings with a 0.4% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, IVV or MCSE?
IVV yields 1.10% while MCSE yields 3.77%, so MCSE currently pays the higher dividend yield.
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