IVV vs MCVT
iShares Core S&P 500 ETF vs Miller Convertible Total Return ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MCVT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $865.2B | $14M | |
| Dividend Yield | 1.09% | 0.03% | |
| Holdings | 508 | 30 | |
| YTD Return | +13.43% | +14.90% | |
| 1Y Return | +22.61% | - | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -2.4% | |
| Fund Family | iShares by BlackRock (US) | The Miller Family Of Funds | |
| Category | Equity | Convertible | |
| Inception | May 15, 2000 | Mar 24, 2026 |
IVV vs MCVT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Miller Convertible Total Return ETF (MCVT) is a ETF from The Miller Family Of Funds. Year to date, IVV is up 13.43% versus a gain of 14.90% for MCVT.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -2.4% for MCVT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while MCVT charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.03% for MCVT.
Holdings Overlap
IVV and MCVT share 0 holdings out of 516 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 MCVT?
IVV has an expense ratio of 0.03% while MCVT charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
What is the holdings overlap between IVV and MCVT?
IVV and MCVT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or MCVT?
IVV yields 1.09% while MCVT yields 0.03%, so IVV currently pays the higher dividend yield.
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