IVV vs MFSV
iShares Core S&P 500 ETF vs MFS Active 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 | MFSV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.44% | |
| AUM | $886.7B | $579M | |
| Dividend Yield | 1.10% | 1.32% | |
| Holdings | 508 | 64 | |
| YTD Return | +12.13% | +10.79% | |
| 1Y Return | +20.37% | +15.49% | |
| 3Y Return (annualized) | +20.91% | - | |
| 5Y Return (annualized) | +12.59% | - | |
| Volatility (annualized) | 15.1% | 8.8% | |
| Max Drawdown | -56.5% | -12.7% | |
| Fund Family | iShares by BlackRock (US) | MFS Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 5, 2024 |
IVV vs MFSV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and MFS Active Value ETF (MFSV) is a ETF from MFS Investment Management. Over the past year IVV returned +20.37% while MFSV returned +15.49%. Year to date, IVV is up 12.13% versus a gain of 10.79% for MFSV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.8% for MFSV. 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 -12.7% for MFSV. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MFSV charges 0.44%. On a $10,000 position that is $3 vs $44 annually, a gap of $41 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.32% for MFSV.
Holdings Overlap
IVV and MFSV share 57 holdings out of 510 unique holdings combined, representing a 26.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MFSV?
IVV has an expense ratio of 0.03% while MFSV charges 0.44%. IVV is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IVV or MFSV?
Over the past year IVV returned +20.37% vs +15.49% for MFSV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.97% vs +11.61% for MFSV. Past performance does not guarantee future results.
Which is riskier, IVV or MFSV?
IVV has been the more volatile fund at 15.1% annualized versus 8.8% for MFSV. Worst drawdown: IVV -56.5% vs MFSV -12.7%.
Should I hold both IVV and MFSV?
IVV and MFSV have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MFSV?
IVV and MFSV share 57 common holdings with a 26.1% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, IVV or MFSV?
IVV yields 1.10% while MFSV yields 1.32%, so MFSV currently pays the higher dividend yield.
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