IVV vs MDYV
iShares Core S&P 500 ETF vs State Street SPDR S&P 400 Mid Cap Value 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 | MDYV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $2.8B | |
| Dividend Yield | 1.09% | 1.68% | |
| Holdings | 508 | 304 | |
| YTD Return | +14.50% | +14.46% | |
| 1Y Return | +22.02% | +19.58% | |
| 3Y Return (annualized) | +21.80% | +13.50% | |
| 5Y Return (annualized) | +13.37% | +9.02% | |
| Volatility (annualized) | 15.1% | 19.0% | |
| Max Drawdown | -56.5% | -62.6% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 8, 2005 |
IVV vs MDYV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is a ETF from State Street Investment Management. Over the past year IVV returned +22.02% while MDYV returned +19.58%. Year to date, IVV is up 14.50% versus a gain of 14.46% for MDYV.
Over three years, IVV compounded at +21.80% per year against +13.50% for MDYV; over five years the annualized figures are +13.37% and +9.02% respectively. Across the full 21-year window we track, MDYV has the edge at +7.12% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDYV has been the more volatile fund, with annualized monthly volatility of 19.0% 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 -62.6% for MDYV. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MDYV charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.68% for MDYV.
Holdings Overlap
IVV and MDYV share 0 holdings out of 808 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 MDYV?
IVV has an expense ratio of 0.03% while MDYV charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or MDYV?
Over the past year IVV returned +22.02% vs +19.58% for MDYV, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.07% vs +7.12% for MDYV. Past performance does not guarantee future results.
Which is riskier, IVV or MDYV?
MDYV has been the more volatile fund at 19.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MDYV -62.6%.
Should I hold both IVV and MDYV?
IVV and MDYV have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MDYV?
IVV and MDYV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 808 unique securities.
Which pays a higher dividend, IVV or MDYV?
IVV yields 1.09% while MDYV yields 1.68%, so MDYV currently pays the higher dividend yield.
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