IVV vs MMIN
iShares Core S&P 500 ETF vs NYLI MacKay Muni Insured 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 | MMIN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $865.2B | $469M | |
| Dividend Yield | 1.09% | 4.43% | |
| Holdings | 508 | 397 | |
| YTD Return | +13.72% | +1.38% | |
| 1Y Return | +21.64% | +7.22% | |
| 3Y Return (annualized) | +21.55% | +3.82% | |
| 5Y Return (annualized) | +13.27% | +0.42% | |
| Volatility (annualized) | 15.1% | 6.3% | |
| Max Drawdown | -56.5% | -16.9% | |
| Fund Family | iShares by BlackRock (US) | INDEXIQ ETF TRUST | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 18, 2017 |
IVV vs MMIN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NYLI MacKay Muni Insured ETF (MMIN) is a ETF from INDEXIQ ETF TRUST. Over the past year IVV returned +21.64% while MMIN returned +7.22%. Year to date, IVV is up 13.72% versus a gain of 1.38% for MMIN.
Over three years, IVV compounded at +21.55% per year against +3.82% for MMIN; over five years the annualized figures are +13.27% and +0.42% respectively. Across the full 9-year window we track, IVV has the edge at +7.04% annualized vs +1.50%. 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 6.3% for MMIN. 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 -16.9% for MMIN. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MMIN charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.43% for MMIN.
Holdings Overlap
IVV and MMIN share 0 holdings out of 656 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 MMIN?
IVV has an expense ratio of 0.03% while MMIN charges 0.30%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, IVV or MMIN?
Over the past year IVV returned +21.64% vs +7.22% for MMIN, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.04% vs +1.50% for MMIN. Past performance does not guarantee future results.
Which is riskier, IVV or MMIN?
IVV has been the more volatile fund at 15.1% annualized versus 6.3% for MMIN. Worst drawdown: IVV -56.5% vs MMIN -16.9%.
Should I hold both IVV and MMIN?
IVV and MMIN have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MMIN?
IVV and MMIN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 656 unique securities.
Which pays a higher dividend, IVV or MMIN?
IVV yields 1.09% while MMIN yields 4.43%, so MMIN currently pays the higher dividend yield.
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