IVV vs MLPD
iShares Core S&P 500 ETF vs Global X MLP & Energy Infrastructure Covered Call 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 | MLPD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $29M | |
| Dividend Yield | 1.09% | 13.51% | |
| Holdings | 508 | 4 | |
| YTD Return | +13.80% | +4.86% | |
| 1Y Return | +23.01% | +11.88% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 6.8% | |
| Max Drawdown | -56.5% | -13.8% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 7, 2024 |
IVV vs MLPD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is a ETF from Global X by mirae Asset. Over the past year IVV returned +23.01% while MLPD returned +11.88%. Year to date, IVV is up 13.80% versus a gain of 4.86% for MLPD.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.8% for MLPD. 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 -13.8% for MLPD. 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MLPD 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 1.09% against 13.51% for MLPD.
Holdings Overlap
IVV and MLPD share 1 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MLPD | Difference |
|---|---|---|---|
| OMC | 0.03% | 103.91% | 103.88% |
Frequently Asked Questions
Which is cheaper, IVV or MLPD?
IVV has an expense ratio of 0.03% while MLPD charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or MLPD?
Over the past year IVV returned +23.01% vs +11.88% for MLPD, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +11.52% for MLPD. Past performance does not guarantee future results.
Which is riskier, IVV or MLPD?
IVV has been the more volatile fund at 15.1% annualized versus 6.8% for MLPD. Worst drawdown: IVV -56.5% vs MLPD -13.8%.
Should I hold both IVV and MLPD?
IVV and MLPD have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MLPD?
IVV and MLPD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IVV or MLPD?
IVV yields 1.09% while MLPD yields 13.51%, so MLPD currently pays the higher dividend yield.
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