IVV vs MMSD
iShares Core S&P 500 ETF vs NYLIM MacKay Muni Short Duration ETF
Which is better, IVV or MMSD?
Large Cap Blend against Short Term High Quality.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | MMSD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.25% |
| AUM | $876.4B | $79M |
| Dividend Yield | 1.06% | 3.85% |
| Holdings | 508 | 154 |
| YTD Return | +12.39%Best | +0.77% |
| 1Y Return | +16.61%Best | +1.22% |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 12.0% | 1.9%Best |
| Max Drawdown | -8.9% | -1.4%Best |
| $10,000 over 1.4 years | $13,971Best | $10,459 |
| Fund Family | iShares by BlackRock (US) | New York Life Investments |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term High Quality |
| Inception | May 15, 2000 | May 6, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 6, 2025 to Sep 18, 2026 (1.4 years).
IVV vs MMSD 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 covers the 1.4 years both funds cover.
IVV vs MMSD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and NYLIM MacKay Muni Short Duration ETF (MMSD) is an ETF from New York Life Investments. Over the past year IVV returned +16.61% while MMSD returned +1.22%. Year to date, IVV is up 12.39% versus a gain of 0.77% for MMSD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 1.9% for MMSD. 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 -8.9% for IVV and -1.4% for MMSD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MMSD charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.85% for MMSD.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 36 in MMSD, totalling 99.3% and 23.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 36 in MMSD, against full books of 508 and 154.
You are not choosing between two funds in isolation.
Whichever of IVV and MMSD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MMSD?
IVV has an expense ratio of 0.03% while MMSD charges 0.25%. IVV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, IVV or MMSD?
Over the past year IVV returned +16.61% vs +1.22% for MMSD, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +26.98% vs +3.26% for MMSD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MMSD?
IVV has been the more volatile fund at 12.0% annualized versus 1.9% for MMSD. Worst drawdown: IVV -8.9% vs MMSD -1.4%.
Should I hold both IVV and MMSD?
IVV and MMSD have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or MMSD?
IVV yields 1.06% while MMSD yields 3.85%, so MMSD currently pays the higher dividend yield.
Is MMSD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.