IVV vs MKTN
iShares Core S&P 500 ETF vs Federated Hermes MDT Market Neutral ETF
Which is better, IVV or MKTN?
Large Cap Blend against Market Neutral Strategy.
IVV has a lower expense ratio. IVV led over 1Y.
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 | MKTN |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.94% |
| AUM | $876.4B | $128M |
| Dividend Yield | 1.06% | 0.48% |
| Holdings | 508 | 387 |
| YTD Return | +11.57%Best | +9.06% |
| 1Y Return | +17.57%Best | +12.19% |
| 3Y Return (annualized) | +20.71% | - |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 13.4% | 5.8%Best |
| Fund Family | iShares by BlackRock (US) | Federated Hermes |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Market Neutral Strategy |
| Inception | May 15, 2000 | Sep 24, 2025 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
IVV vs MKTN 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs MKTN Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Federated Hermes MDT Market Neutral ETF (MKTN) is an ETF from Federated Hermes. Over the past year IVV returned +17.57% while MKTN returned +12.19%. Year to date, IVV is up 11.57% versus a gain of 9.06% for MKTN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 5.8% for MKTN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MKTN charges 1.94%. On a $10,000 position that is $3 vs $194 annually, a gap of $191 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.48% for MKTN.
Holdings Overlap
At least 43.0% of IVV's money is in holdings MKTN also owns.
Stated as a floor: for MKTN, our book for it covers 94.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
182 positions in common, counted across the 505 positions we hold weights for in IVV and 404 in MKTN, against full books of 508 and 387.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MKTN | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 0.90% | 7.08% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 0.05% | 5.39% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 1.09% | 2.10% |
| ABBVAbbvie Inc. | 0.65% | 2.38% | 1.73% |
| GEGeneral Electric Co. | 0.60% | 2.41% | 1.81% |
| CRWDCrowdstrike Holdings Inc. Class A | 0.32% | 2.30% | 1.98% |
| FISVFiserv Inc. | 0.04% | 2.56% | 2.52% |
| GEVGE Vernova, LLC | 0.41% | 2.09% | 1.68% |
| TRVTravelers Cos., Inc. | 0.12% | 2.33% | 2.21% |
| INTUIntuit, Inc. | 0.14% | 2.29% | 2.15% |
43.0% of IVV is already inside MKTN.
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 MKTN?
IVV has an expense ratio of 0.03% while MKTN charges 1.94%. IVV is the cheaper option, by $191 a year on a $10,000 investment.
Which performed better, IVV or MKTN?
Over the past year IVV returned +17.57% vs +12.19% for MKTN, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MKTN?
IVV has been the more volatile fund at 13.4% annualized versus 5.8% for MKTN.
Should I hold both IVV and MKTN?
IVV and MKTN have a monthly-return correlation of -0.34, 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 MKTN?
At least 43.0% of IVV's money is in holdings MKTN also owns. Our book for MKTN is partial, so the real figure is this or higher. They hold 182 positions in common, counted across the 505 positions we hold weights for in IVV and 404 in MKTN.
Which pays a higher dividend, IVV or MKTN?
IVV yields 1.06% while MKTN yields 0.48%, so IVV currently pays the higher dividend yield.
Is MKTN better than IVV?
IVV has a lower expense ratio. IVV led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.