IVV vs MDST
iShares Core S&P 500 ETF vs Westwood Salient Enhanced Midstream Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MDST | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.80% | |
| AUM | $865.2B | $285M | |
| Dividend Yield | 1.09% | 10.20% | |
| Holdings | 508 | 118 | |
| YTD Return | +13.43% | +16.90% | |
| 1Y Return | +22.61% | +21.12% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 10.8% | |
| Max Drawdown | -56.5% | -14.2% | |
| Fund Family | iShares by BlackRock (US) | Westwood Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 8, 2024 |
IVV vs MDST Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Westwood Salient Enhanced Midstream Income ETF (MDST) is a ETF from Westwood Funds. Over the past year IVV returned +22.61% while MDST returned +21.12%. Year to date, IVV is up 13.43% versus a gain of 16.90% for MDST.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.8% for MDST. 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 MDST. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MDST charges 0.80%. On a $10,000 position that is $3 vs $80 annually, a gap of $77 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 10.20% for MDST.
Holdings Overlap
IVV and MDST share 4 holdings out of 523 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 MDST?
IVV has an expense ratio of 0.03% while MDST charges 0.80%. IVV is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, IVV or MDST?
Over the past year IVV returned +22.61% vs +21.12% for MDST, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +18.35% for MDST. Past performance does not guarantee future results.
Which is riskier, IVV or MDST?
IVV has been the more volatile fund at 15.1% annualized versus 10.8% for MDST. Worst drawdown: IVV -56.5% vs MDST -14.2%.
Should I hold both IVV and MDST?
IVV and MDST have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MDST?
IVV and MDST share 4 common holdings with a 0.4% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, IVV or MDST?
IVV yields 1.09% while MDST yields 10.20%, so MDST currently pays the higher dividend yield.
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