IVV vs MISL
iShares Core S&P 500 ETF vs First Trust Indxx Aerospace & Defense ETF
Which is better, IVV or MISL?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 1Y, MISL over 3Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 61.2%.
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 | MISL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $886.7B | $741M |
| Dividend Yield | 1.10% | 0.32% |
| Holdings | 508 | 80 |
| YTD Return | +13.39%Best | -1.85% |
| 1Y Return | +20.08%Best | +12.97% |
| 3Y Return (annualized) | +21.29% | +24.24%Best |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 12.9%Best | 17.3% |
| Max Drawdown | -18.8% | -17.9%Best |
| $10,000 over 3.9 years | $21,427 | $21,696Best |
| Top 10 Weight | 37.9%Best | 61.2% |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Oct 25, 2022 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 26, 2022 to Sep 4, 2026 (3.9 years).
IVV vs MISL 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 3.9 years both funds cover.
IVV vs MISL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and First Trust Indxx Aerospace & Defense ETF (MISL) is an ETF from First Trust Portfolios (US). Over the past year IVV returned +20.08% while MISL returned +12.97%. Year to date, IVV is up 13.39% versus a loss of 1.85% for MISL.
Over three years, IVV compounded at +21.29% per year against +24.24% for MISL. Across the full 4-year window we track, MISL has the edge at +21.97% annualized vs +21.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MISL has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 12.9% 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 -18.8% for IVV and -17.9% for MISL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MISL charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.32% for MISL.
Holdings Overlap
2.8% of IVV's money is in holdings MISL also owns. 63.5% of MISL's money is in holdings IVV also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in MISL, against full books of 508 and 80.
What only one of them owns
Our book lists 26 positions for MISL that do not appear in our book for IVV (36.3% of the fund), and 484 for IVV that do not appear in MISL (96.6%).
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 MISL | Difference |
|---|---|---|---|
| PLTRPalantir Technologies Inc | 0.55% | 9.67% | 9.12% |
| RTXRaytheon Co. | 0.45% | 8.78% | 8.33% |
| GEGeneral Electric Co. | 0.60% | 8.21% | 7.61% |
| BABoeing Co | 0.28% | 8.36% | 8.08% |
| LMTLockheed Martin Corp | 0.18% | 4.27% | 4.09% |
| HWMHowmet Aerospace Inc. | 0.18% | 4.16% | 3.98% |
| GDGeneral Dynamics Corp. | 0.15% | 3.96% | 3.81% |
| NOCNorthrop Grumman Corp. | 0.11% | 4.00% | 3.89% |
| LHXL3Harris Technologies Inc. | 0.08% | 3.81% | 3.73% |
| TDGTransdigm Group Inc. | 0.11% | 3.76% | 3.65% |
63.5% of MISL 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 MISL?
IVV has an expense ratio of 0.03% while MISL charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or MISL?
Over the past year IVV returned +20.08% vs +12.97% for MISL, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +21.58% vs +21.97% for MISL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MISL?
MISL has been the more volatile fund at 17.3% annualized versus 12.9% for IVV. Worst drawdown: IVV -18.8% vs MISL -17.9%.
Should I hold both IVV and MISL?
IVV and MISL have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and MISL?
63.5% of MISL's money is in holdings IVV also owns. 63.5% of MISL's is in holdings IVV also owns. They hold 13 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in MISL.
Which pays a higher dividend, IVV or MISL?
IVV yields 1.10% while MISL yields 0.32%, so IVV currently pays the higher dividend yield.
Is MISL better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, MISL over 3Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 61.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.