IVV vs MILK
iShares Core S&P 500 ETF vs Pacer US Cash Cows Bond 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 | MILK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $907.0B | $19M | |
| Dividend Yield | 1.10% | 7.08% | |
| Holdings | 508 | 104 | |
| YTD Return | +12.28% | -1.47% | |
| 1Y Return | +20.94% | -1.03% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 5.4% | |
| Max Drawdown | -56.5% | -6.2% | |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Dec 17, 2024 |
IVV vs MILK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Pacer US Cash Cows Bond ETF (MILK) is a ETF from Pacer ETFs. Over the past year IVV returned +20.94% while MILK returned -1.03%. Year to date, IVV is up 12.28% versus a loss of 1.47% for MILK.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.4% for MILK. 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 -6.2% for MILK. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MILK charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 7.08% for MILK.
Holdings Overlap
IVV and MILK share 0 holdings out of 601 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MILK?
IVV has an expense ratio of 0.03% while MILK charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or MILK?
Over the past year IVV returned +20.94% vs -1.03% for MILK, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +1.91% for MILK. Past performance does not guarantee future results.
Which is riskier, IVV or MILK?
IVV has been the more volatile fund at 15.1% annualized versus 5.4% for MILK. Worst drawdown: IVV -56.5% vs MILK -6.2%.
Should I hold both IVV and MILK?
IVV and MILK have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MILK?
IVV and MILK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 601 unique securities.
Which pays a higher dividend, IVV or MILK?
IVV yields 1.10% while MILK yields 7.08%, so MILK currently pays the higher dividend yield.
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