IVV vs MJ
iShares Core S&P 500 ETF vs Amplify Alternative Harvest ETF
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 | MJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $865.2B | $99M | |
| Dividend Yield | 1.09% | 2.33% | |
| Holdings | 508 | 12 | |
| YTD Return | +13.43% | -19.22% | |
| 1Y Return | +22.61% | -18.22% | |
| 3Y Return (annualized) | +21.47% | -8.39% | |
| 5Y Return (annualized) | +13.26% | -32.67% | |
| Volatility (annualized) | 15.1% | 50.5% | |
| Max Drawdown | -56.5% | -95.8% | |
| Fund Family | iShares by BlackRock (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 3, 2015 |
IVV vs MJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Amplify Alternative Harvest ETF (MJ) is a ETF from Amplify ETFs. Over the past year IVV returned +22.61% while MJ returned -18.22%. Year to date, IVV is up 13.43% versus a loss of 19.22% for MJ.
Over three years, IVV compounded at +21.47% per year against -8.39% for MJ; over five years the annualized figures are +13.26% and -32.67% respectively. Across the full 11-year window we track, IVV has the edge at +7.03% annualized vs -17.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MJ has been the more volatile fund, with annualized monthly volatility of 50.5% compared with 15.1% 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 -56.5% for IVV and -95.8% for MJ. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MJ charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.33% for MJ.
Holdings Overlap
IVV and MJ share 0 holdings out of 515 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 MJ?
IVV has an expense ratio of 0.03% while MJ charges 0.75%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or MJ?
Over the past year IVV returned +22.61% vs -18.22% for MJ, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.03% vs -17.42% for MJ. Past performance does not guarantee future results.
Which is riskier, IVV or MJ?
MJ has been the more volatile fund at 50.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MJ -95.8%.
Should I hold both IVV and MJ?
IVV and MJ have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MJ?
IVV and MJ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or MJ?
IVV yields 1.09% while MJ yields 2.33%, so MJ currently pays the higher dividend yield.
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