IVV vs MEDI
iShares Core S&P 500 ETF vs Harbor Health Care ETF
Which is better, IVV or MEDI?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 56.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MEDI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.80% |
| AUM | $876.4B | $44M |
| Dividend Yield | 1.06% | 0.04% |
| Holdings | 508 | 44 |
| YTD Return | +12.39%Best | +5.10% |
| 1Y Return | +16.61%Best | +14.98% |
| 3Y Return (annualized) | +21.38%Best | +14.46% |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 13.0%Best | 16.2% |
| Max Drawdown | -18.8%Best | -19.2% |
| $10,000 over 3.8 years | $20,274Best | $17,075 |
| Top 10 Weight | 37.8%Best | 56.8% |
| Fund Family | iShares by BlackRock (US) | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Nov 16, 2022 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 17, 2022 to Sep 18, 2026 (3.8 years).
IVV vs MEDI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.8 years both funds cover.
IVV vs MEDI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Harbor Health Care ETF (MEDI) is an ETF from Harbor Funds. Over the past year IVV returned +16.61% while MEDI returned +14.98%. Year to date, IVV is up 12.39% versus a gain of 5.10% for MEDI.
Over three years, IVV compounded at +21.38% per year against +14.46% for MEDI. Across the full 4-year window we track, IVV has the edge at +20.44% annualized vs +15.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEDI has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 13.0% 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 -18.8% for IVV and -19.2% for MEDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MEDI 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 1.06% against 0.04% for MEDI.
Holdings Overlap
4.5% of IVV's money is in holdings MEDI also owns. 44.4% of MEDI's money is in holdings IVV also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 490 positions we hold weights for in IVV and 46 in MEDI, against full books of 508 and 44.
What only one of them owns
Our book lists 25 positions for MEDI that do not appear in our book for IVV (46.5% of the fund), and 467 for IVV that do not appear in MEDI (94.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MEDI | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 1.38% | 18.39% | 17.01% |
| GILDGilead Sciences | 0.27% | 3.93% | 3.66% |
| ABBVAbbvie Inc. | 0.68% | 2.77% | 2.09% |
| BSXBoston Scientific Corp. | 0.11% | 2.57% | 2.46% |
| CORCencora Inc | 0.09% | 2.23% | 2.14% |
| PODDInsulet Corporation | 0.02% | 2.27% | 2.25% |
| ISRGIntuitive Surgical Inc. | 0.20% | 2.02% | 1.82% |
| MCKMckesson Corp. | 0.16% | 2.02% | 1.86% |
| DHRDanaher Corporation | 0.20% | 1.73% | 1.53% |
| MRKMerck & Company Inc | 0.55% | 1.37% | 0.82% |
44.4% of MEDI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MEDI?
IVV has an expense ratio of 0.03% while MEDI charges 0.80%. IVV is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, IVV or MEDI?
Over the past year IVV returned +16.61% vs +14.98% for MEDI, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +20.44% vs +15.12% for MEDI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MEDI?
MEDI has been the more volatile fund at 16.2% annualized versus 13.0% for IVV. Worst drawdown: IVV -18.8% vs MEDI -19.2%.
Should I hold both IVV and MEDI?
IVV and MEDI have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and MEDI?
44.4% of MEDI's money is in holdings IVV also owns. 44.4% of MEDI's is in holdings IVV also owns. They hold 15 positions in common, counted across the 490 positions we hold weights for in IVV and 46 in MEDI.
Which pays a higher dividend, IVV or MEDI?
IVV yields 1.06% while MEDI yields 0.04%, so IVV currently pays the higher dividend yield.
Is MEDI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 56.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.