IVV vs MEGI
iShares Core S&P 500 ETF vs NYLI CBRE Global Infrastructure Megatrends Term Fund
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 | MEGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.87% | |
| AUM | $865.2B | $842M | |
| Dividend Yield | 1.09% | 9.10% | |
| Holdings | 508 | 64 | |
| YTD Return | +14.50% | +15.23% | |
| 1Y Return | +22.02% | +17.59% | |
| 3Y Return (annualized) | +21.80% | +15.80% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 22.9% | |
| Max Drawdown | -56.5% | -39.5% | |
| Fund Family | iShares by BlackRock (US) | New York Life Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 27, 2021 |
IVV vs MEGI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is a ETF from New York Life Investments. Over the past year IVV returned +22.02% while MEGI returned +17.59%. Year to date, IVV is up 14.50% versus a gain of 15.23% for MEGI.
Over three years, IVV compounded at +21.80% per year against +15.80% for MEGI. Across the full 5-year window we track, IVV has the edge at +7.07% annualized vs +3.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEGI has been the more volatile fund, with annualized monthly volatility of 22.9% 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 -39.5% for MEGI. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MEGI charges 1.87%. On a $10,000 position that is $3 vs $187 annually, a gap of $184 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 9.10% for MEGI.
Holdings Overlap
IVV and MEGI share 16 holdings out of 550 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MEGI?
IVV has an expense ratio of 0.03% while MEGI charges 1.87%. IVV is the cheaper option. On a $10,000 investment, that is $184 per year of difference.
Which performed better, IVV or MEGI?
Over the past year IVV returned +22.02% vs +17.59% for MEGI, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.07% vs +3.86% for MEGI. Past performance does not guarantee future results.
Which is riskier, IVV or MEGI?
MEGI has been the more volatile fund at 22.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MEGI -39.5%.
Should I hold both IVV and MEGI?
IVV and MEGI have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MEGI?
IVV and MEGI share 16 common holdings with a 1.3% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, IVV or MEGI?
IVV yields 1.09% while MEGI yields 9.10%, so MEGI currently pays the higher dividend yield.
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