IVV vs MDPL
iShares Core S&P 500 ETF vs Monarch Dividend Plus Index 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 | MDPL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.19% | |
| AUM | $907.0B | $64M | |
| Dividend Yield | 1.10% | 1.47% | |
| Holdings | 508 | 30 | |
| YTD Return | +13.25% | +14.47% | |
| 1Y Return | +19.95% | +14.69% | |
| 3Y Return (annualized) | +21.26% | - | |
| 5Y Return (annualized) | +12.82% | - | |
| Volatility (annualized) | 15.1% | 16.5% | |
| Max Drawdown | -56.5% | -14.2% | |
| Fund Family | iShares by BlackRock (US) | Monarch Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 12, 2024 |
IVV vs MDPL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Monarch Dividend Plus Index ETF (MDPL) is a ETF from Monarch Funds. Over the past year IVV returned +19.95% while MDPL returned +14.69%. Year to date, IVV is up 13.25% versus a gain of 14.47% for MDPL.
Risk: Volatility and Drawdowns
MDPL has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -14.2% for MDPL. 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MDPL charges 1.19%. On a $10,000 position that is $3 vs $119 annually, a gap of $116 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.47% for MDPL.
Holdings Overlap
IVV and MDPL share 15 holdings out of 520 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MDPL?
IVV has an expense ratio of 0.03% while MDPL charges 1.19%. IVV is the cheaper option. On a $10,000 investment, that is $116 per year of difference.
Which performed better, IVV or MDPL?
Over the past year IVV returned +19.95% vs +14.69% for MDPL, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.01% vs +9.21% for MDPL. Past performance does not guarantee future results.
Which is riskier, IVV or MDPL?
MDPL has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MDPL -14.2%.
Should I hold both IVV and MDPL?
IVV and MDPL have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MDPL?
IVV and MDPL share 15 common holdings with a 1.4% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or MDPL?
IVV yields 1.10% while MDPL yields 1.47%, so MDPL currently pays the higher dividend yield.
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