IVV vs MFUS
iShares Core S&P 500 ETF vs PIMCO RAFI Dynamic Multi-Factor US Equity ETF
Which is better, IVV or MFUS?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y and the full window, MFUS over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.93. MFUS is less concentrated, with 16.5% of the fund in its ten largest positions against 37.9%.
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 | MFUS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $876.4B | $297M |
| Dividend Yield | 1.06% | 1.37% |
| Holdings | 508 | 884 |
| YTD Return | +12.51% | +16.85%Best |
| 1Y Return | +17.57% | +19.52%Best |
| 3Y Return (annualized) | +21.27%Best | +20.73% |
| 5Y Return (annualized) | +12.95% | +13.03%Best |
| Volatility (annualized) | 16.2% | 15.6%Best |
| Max Drawdown | -33.9%Best | -35.2% |
| $10,000 over 5 years | $18,384 | $18,449Best |
| Top 10 Weight | 37.9% | 16.5%Best |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Aug 31, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Sep 6, 2017 to Sep 11, 2026 (9 years).
IVV vs MFUS 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 9 years both funds cover.
IVV vs MFUS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO RAFI Dynamic Multi-Factor US Equity ETF (MFUS) is an ETF from PIMCO (US). Over the past year IVV returned +17.57% while MFUS returned +19.52%. Year to date, IVV is up 12.51% versus a gain of 16.85% for MFUS.
Over three years, IVV compounded at +21.27% per year against +20.73% for MFUS; over five years the annualized figures are +12.95% and +13.03% respectively. Across the full 9-year window we track, IVV has the edge at +14.30% annualized vs +12.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.6% for MFUS. 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 -33.9% for IVV and -35.2% for MFUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MFUS charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.37% for MFUS.
Holdings Overlap
66.0% of IVV's money is in holdings MFUS also owns. 75.5% of MFUS's money is in holdings IVV also owns.
Most of MFUS is already inside IVV. Owning both mostly buys the same companies twice.
336 positions in common, counted across the 505 positions we hold weights for in IVV and 794 in MFUS, against full books of 508 and 884.
What only one of them owns
Our book lists 439 positions for MFUS that do not appear in our book for IVV (20.1% of the fund), and 161 for IVV that do not appear in MFUS (33.4%).
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 MFUS | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 0.60% | 7.38% |
| AAPLApple, Inc | 6.86% | 1.22% | 5.64% |
| AVGOBroadcom Inc | 2.98% | 1.47% | 1.51% |
| INTCIntel Corp. | 0.72% | 2.83% | 2.11% |
| LLYEli Lilly & Co. | 1.39% | 1.50% | 0.11% |
| JNJJohnson & Johnson | 0.93% | 1.75% | 0.82% |
| WMTWalmart, Inc. | 0.74% | 1.72% | 0.98% |
| BRK.BBerkshire Hathaway B | 1.43% | 1.01% | 0.42% |
| MUMicron Technology, Inc. | 1.51% | 0.71% | 0.80% |
| METAMeta Platforms, Inc. | 1.94% | 0.19% | 1.75% |
75.5% of MFUS 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 MFUS?
IVV has an expense ratio of 0.03% while MFUS charges 0.29%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IVV or MFUS?
Over the past year IVV returned +17.57% vs +19.52% for MFUS, so MFUS leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +14.30% vs +12.54% for MFUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MFUS?
IVV has been the more volatile fund at 16.2% annualized versus 15.6% for MFUS. Worst drawdown: IVV -33.9% vs MFUS -35.2%.
Should I hold both IVV and MFUS?
IVV and MFUS have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and MFUS?
75.5% of MFUS's money is in holdings IVV also owns. 75.5% of MFUS's is in holdings IVV also owns. They hold 336 positions in common, counted across the 505 positions we hold weights for in IVV and 794 in MFUS.
Which pays a higher dividend, IVV or MFUS?
IVV yields 1.06% while MFUS yields 1.37%, so MFUS currently pays the higher dividend yield.
Is MFUS better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, MFUS over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.93. MFUS is less concentrated, with 16.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.