IVV vs MGMT
iShares Core S&P 500 ETF vs Ballast Small/Mid Cap ETF
Quick Verdict
IVV has a lower expense ratio. MGMT delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MGMT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.10% | |
| AUM | $907.0B | $176M | |
| Dividend Yield | 1.10% | 0.30% | |
| Holdings | 508 | 55 | |
| YTD Return | +12.96% | +16.01% | |
| 1Y Return | +20.70% | +21.05% | |
| 3Y Return (annualized) | +22.10% | +14.95% | |
| 5Y Return (annualized) | +13.40% | +8.33% | |
| Volatility (annualized) | 15.1% | 18.1% | |
| Max Drawdown | -56.5% | -24.9% | |
| Fund Family | iShares by BlackRock (US) | Ballast Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 2, 2020 |
IVV vs MGMT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Ballast Small/Mid Cap ETF (MGMT) is a ETF from Ballast Asset Management. Over the past year IVV returned +20.70% while MGMT returned +21.05%. Year to date, IVV is up 12.96% versus a gain of 16.01% for MGMT.
Over three years, IVV compounded at +22.10% per year against +14.95% for MGMT; over five years the annualized figures are +13.40% and +8.33% respectively. Across the full 6-year window we track, MGMT has the edge at +13.91% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGMT has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -24.9% for MGMT. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MGMT charges 1.10%. On a $10,000 position that is $3 vs $110 annually, a gap of $107 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.30% for MGMT.
Holdings Overlap
IVV and MGMT share 1 holdings out of 559 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MGMT | Difference |
|---|---|---|---|
| IPGP | 0.62% | 1.11% | 0.49% |
Frequently Asked Questions
Which is cheaper, IVV or MGMT?
IVV has an expense ratio of 0.03% while MGMT charges 1.10%. IVV is the cheaper option. On a $10,000 investment, that is $107 per year of difference.
Which performed better, IVV or MGMT?
Over the past year IVV returned +20.70% vs +21.05% for MGMT, so MGMT leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.01% vs +13.91% for MGMT. Past performance does not guarantee future results.
Which is riskier, IVV or MGMT?
MGMT has been the more volatile fund at 18.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MGMT -24.9%.
Should I hold both IVV and MGMT?
IVV and MGMT have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MGMT?
IVV and MGMT share 1 common holdings with a 0.6% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, IVV or MGMT?
IVV yields 1.10% while MGMT yields 0.30%, so IVV currently pays the higher dividend yield.
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