IVV vs MIY
iShares Core S&P 500 ETF vs BlackRock MuniYield Michigan Quality Fund, Inc
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MIY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.44% | |
| AUM | $865.2B | $352M | |
| Dividend Yield | 1.09% | 5.22% | |
| Holdings | 508 | 145 | |
| YTD Return | +14.50% | +10.23% | |
| 1Y Return | +22.02% | +17.59% | |
| 3Y Return (annualized) | +21.80% | +10.31% | |
| 5Y Return (annualized) | +13.37% | +0.22% | |
| Volatility (annualized) | 15.1% | 11.7% | |
| Max Drawdown | -56.5% | -53.7% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 30, 1992 |
IVV vs MIY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and BlackRock MuniYield Michigan Quality Fund, Inc (MIY) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +22.02% while MIY returned +17.59%. Year to date, IVV is up 14.50% versus a gain of 10.23% for MIY.
Over three years, IVV compounded at +21.80% per year against +10.31% for MIY; over five years the annualized figures are +13.37% and +0.22% respectively. Across the full 26-year window we track, IVV has the edge at +7.07% annualized vs +0.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.7% for MIY. 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 -53.7% for MIY. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MIY charges 1.44%. On a $10,000 position that is $3 vs $144 annually, a gap of $141 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.22% for MIY.
Holdings Overlap
IVV and MIY share 0 holdings out of 544 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 MIY?
IVV has an expense ratio of 0.03% while MIY charges 1.44%. IVV is the cheaper option. On a $10,000 investment, that is $141 per year of difference.
Which performed better, IVV or MIY?
Over the past year IVV returned +22.02% vs +17.59% for MIY, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.07% vs +0.59% for MIY. Past performance does not guarantee future results.
Which is riskier, IVV or MIY?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for MIY. Worst drawdown: IVV -56.5% vs MIY -53.7%.
Should I hold both IVV and MIY?
IVV and MIY have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MIY?
IVV and MIY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, IVV or MIY?
IVV yields 1.09% while MIY yields 5.22%, so MIY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.