IVV vs MILK
iShares Core S&P 500 ETF vs Pacer US Cash Cows Bond ETF
Which is better, IVV or MILK?
Large Cap Blend against Short Term High Yield Bond.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | MILK |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $876.4B | $19M |
| Dividend Yield | 1.06% | 7.02% |
| Holdings | 508 | 104 |
| YTD Return | +12.39%Best | -2.43% |
| 1Y Return | +16.61%Best | -4.34% |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 12.6% | 5.3%Best |
| Max Drawdown | -18.8% | -6.2%Best |
| $10,000 over 1.7 years | $13,194Best | $10,215 |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term High Yield Bond |
| Inception | May 15, 2000 | Dec 17, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 18, 2024 to Sep 18, 2026 (1.7 years).
IVV vs MILK 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 1.7 years both funds cover.
IVV vs MILK Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Pacer US Cash Cows Bond ETF (MILK) is an ETF from Pacer ETFs. Over the past year IVV returned +16.61% while MILK returned -4.34%. Year to date, IVV is up 12.39% versus a loss of 2.43% for MILK.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 5.3% 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 -18.8% for IVV and -6.2% for MILK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
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 1.06% against 7.02% for MILK.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 95 in MILK, totalling 99.3% and 92.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 95 in MILK, against full books of 508 and 104.
You are not choosing between two funds in isolation.
Whichever of IVV and MILK you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $46 a year on a $10,000 investment.
Which performed better, IVV or MILK?
Over the past year IVV returned +16.61% vs -4.34% for MILK, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +17.71% vs +1.26% for MILK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MILK?
IVV has been the more volatile fund at 12.6% annualized versus 5.3% for MILK. Worst drawdown: IVV -18.8% vs MILK -6.2%.
Should I hold both IVV and MILK?
IVV and MILK have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or MILK?
IVV yields 1.06% while MILK yields 7.02%, so MILK currently pays the higher dividend yield.
Is MILK better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.