IVV vs MNBD
iShares Core S&P 500 ETF vs ALPS BBH Intermediate Municipal Bond 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 | MNBD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.44% | |
| AUM | $865.2B | $57M | |
| Dividend Yield | 1.09% | 3.84% | |
| Holdings | 508 | 172 | |
| YTD Return | +13.80% | +1.04% | |
| 1Y Return | +23.01% | +4.17% | |
| 3Y Return (annualized) | +21.77% | +4.22% | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 5.1% | |
| Max Drawdown | -56.5% | -5.9% | |
| Fund Family | iShares by BlackRock (US) | ALPS ETF Trust | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 19, 2022 |
IVV vs MNBD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ALPS BBH Intermediate Municipal Bond ETF (MNBD) is a ETF from ALPS ETF Trust. Over the past year IVV returned +23.01% while MNBD returned +4.17%. Year to date, IVV is up 13.80% versus a gain of 1.04% for MNBD.
Over three years, IVV compounded at +21.77% per year against +4.22% for MNBD. Across the full 4-year window we track, IVV has the edge at +7.04% annualized vs +4.22%. 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 5.1% for MNBD. 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 -5.9% for MNBD. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MNBD charges 0.44%. On a $10,000 position that is $3 vs $44 annually, a gap of $41 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.84% for MNBD.
Holdings Overlap
IVV and MNBD share 0 holdings out of 567 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 MNBD?
IVV has an expense ratio of 0.03% while MNBD charges 0.44%. IVV is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IVV or MNBD?
Over the past year IVV returned +23.01% vs +4.17% for MNBD, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.04% vs +4.22% for MNBD. Past performance does not guarantee future results.
Which is riskier, IVV or MNBD?
IVV has been the more volatile fund at 15.1% annualized versus 5.1% for MNBD. Worst drawdown: IVV -56.5% vs MNBD -5.9%.
Should I hold both IVV and MNBD?
IVV and MNBD have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MNBD?
IVV and MNBD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 567 unique securities.
Which pays a higher dividend, IVV or MNBD?
IVV yields 1.09% while MNBD yields 3.84%, so MNBD currently pays the higher dividend yield.
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