IVV vs MGV
iShares Core S&P 500 ETF vs Vanguard Morningstar Mega Cap Value ETF
Which is better, IVV or MGV?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MGV over 1Y. The two have moved almost in lockstep, correlation 0.93. MGV is less concentrated, with 28.5% of the fund in its ten largest positions against 37.8%.
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 | MGV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.05% |
| AUM | $876.4B | $13.4B |
| Dividend Yield | 1.06% | 1.82% |
| Holdings | 508 | 125 |
| YTD Return | +13.32% | +16.53%Best |
| 1Y Return | +17.08% | +21.82%Best |
| 3Y Return (annualized) | +22.72%Best | +19.33% |
| 5Y Return (annualized) | +13.20%Best | +13.04% |
| Volatility (annualized) | 15.7% | 15.3%Best |
| Max Drawdown | -54.7%Best | -57.5% |
| $10,000 over 5 years | $18,588Best | $18,457 |
| Top 10 Weight | 37.8% | 28.5%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Dec 17, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Dec 21, 2007 to Sep 23, 2026 (18.8 years).
IVV vs MGV 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 18.8 years both funds cover.
IVV vs MGV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Mega Cap Value ETF (MGV) is an ETF from Vanguard (US). Over the past year IVV returned +17.08% while MGV returned +21.82%. Year to date, IVV is up 13.32% versus a gain of 16.53% for MGV.
Over three years, IVV compounded at +22.72% per year against +19.33% for MGV; over five years the annualized figures are +13.20% and +13.04% respectively. Across the full 19-year window we track, IVV has the edge at +9.62% annualized vs +7.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.3% for MGV. 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 -54.7% for IVV and -57.5% for MGV. 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 MGV charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.82% for MGV.
Holdings Overlap
33.8% of IVV's money is in holdings MGV also owns. 97.2% of MGV's money is in holdings IVV also owns.
Most of MGV is already inside IVV. Owning both mostly buys the same companies twice.
115 positions in common, counted across the 490 positions we hold weights for in IVV and 122 in MGV, against full books of 508 and 125.
What only one of them owns
Our book lists 6 positions for MGV that do not appear in our book for IVV (2.6% of the fund), and 367 for IVV that do not appear in MGV (64.9%).
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 MGV | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.63% | 4.40% | 2.77% |
| JPMJpmorgan Chase | 1.44% | 4.46% | 3.02% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 3.42% | 2.03% |
| XOMExxon Mobil Corp. | 1.01% | 3.05% | 2.04% |
| JNJJohnson & Johnson - Common | 0.97% | 2.92% | 1.95% |
| WMTWalmart, Inc. | 0.69% | 2.31% | 1.62% |
| ABBVAbbvie Inc. | 0.68% | 2.10% | 1.42% |
| COSTCostco Wholesale Corp. | 0.63% | 2.00% | 1.37% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 1.95% | 1.29% |
| BACBank of America Corp.: Financials | 0.61% | 1.87% | 1.26% |
97.2% of MGV 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 MGV?
IVV has an expense ratio of 0.03% while MGV charges 0.05%. IVV is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, IVV or MGV?
Over the past year IVV returned +17.08% vs +21.82% for MGV, so MGV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +9.62% vs +7.22% for MGV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MGV?
IVV has been the more volatile fund at 15.7% annualized versus 15.3% for MGV. Worst drawdown: IVV -54.7% vs MGV -57.5%.
Should I hold both IVV and MGV?
IVV and MGV 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 MGV?
97.2% of MGV's money is in holdings IVV also owns. 97.2% of MGV's is in holdings IVV also owns. They hold 115 positions in common, counted across the 490 positions we hold weights for in IVV and 122 in MGV.
Which pays a higher dividend, IVV or MGV?
IVV yields 1.06% while MGV yields 1.82%, so MGV currently pays the higher dividend yield.
Is MGV better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MGV over 1Y. The two have moved almost in lockstep, correlation 0.93. MGV is less concentrated, with 28.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.