IVV vs MNZL
iShares Core S&P 500 ETF vs Manzil Russell Halal USA Broad Market ETF
Which is better, IVV or MNZL?
MNZL has been ahead.
IVV has a lower expense ratio. MNZL led over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 41.8%.
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 | MNZL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.40% |
| AUM | $850.0B | $38M |
| Dividend Yield | 1.09% | 0.03% |
| Holdings | 1,018 | 975 |
| YTD Return | +12.12% | +18.75%Best |
| 1Y Return | +12.53% | +22.76%Best |
| 3Y Return (annualized) | +21.54% | - |
| 5Y Return (annualized) | +11.93% | - |
| Volatility (annualized) | 13.4%Best | 17.0% |
| Top 10 Weight | 38.8%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Manzil Investment Advisors, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 18, 2025 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
IVV vs MNZL 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 MNZL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Manzil Russell Halal USA Broad Market ETF (MNZL) is an ETF from Manzil Investment Advisors, LLC. Over the past year IVV returned +12.53% while MNZL returned +22.76%. Year to date, IVV is up 12.12% versus a gain of 18.75% for MNZL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MNZL has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 13.4% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MNZL charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.03% for MNZL.
Holdings Overlap
40.6% of IVV's money is in holdings MNZL also owns. 90.6% of MNZL's money is in holdings IVV also owns.
Most of MNZL is already inside IVV. Owning both mostly buys the same companies twice.
240 positions in common, counted across the 505 positions we hold weights for in IVV and 484 in MNZL, against full books of 1,018 and 975.
What only one of them owns
Our book lists 218 positions for MNZL that do not appear in our book for IVV (8.3% of the fund), and 259 for IVV that do not appear in MNZL (58.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MNZL | Difference |
|---|---|---|---|
| AAPLApple Inc | 7.51% | 16.67% | 9.16% |
| AVGOBroadcom Inc | 2.47% | 5.40% | 2.93% |
| TSLATesla Inc | 1.55% | 3.56% | 2.01% |
| MUMicron Technology, Inc. | 1.55% | 3.54% | 1.99% |
| LLYEli Lilly & Co | 1.45% | 3.36% | 1.91% |
| AMDAdvanced Micro Devices Inc | 1.40% | 3.08% | 1.68% |
| JNJJohnson & Johnson - Common | 0.92% | 2.06% | 1.14% |
| ABBVAbbvie Inc. | 0.75% | 1.69% | 0.94% |
| PGProcter & Gamble Company | 0.55% | 1.23% | 0.68% |
| MRKMerck & Company Inc | 0.55% | 1.21% | 0.66% |
90.6% of MNZL is already inside IVV.
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 MNZL?
IVV has an expense ratio of 0.03% while MNZL charges 0.40%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, IVV or MNZL?
Over the past year IVV returned +12.53% vs +22.76% for MNZL, so MNZL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MNZL?
MNZL has been the more volatile fund at 17.0% annualized versus 13.4% for IVV.
Should I hold both IVV and MNZL?
IVV and MNZL have a monthly-return correlation of 0.84, 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 MNZL?
90.6% of MNZL's money is in holdings IVV also owns. 90.6% of MNZL's is in holdings IVV also owns. They hold 240 positions in common, counted across the 505 positions we hold weights for in IVV and 484 in MNZL.
Which pays a higher dividend, IVV or MNZL?
IVV yields 1.09% while MNZL yields 0.03%, so IVV currently pays the higher dividend yield.
Is MNZL better than IVV?
IVV has a lower expense ratio. MNZL led over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.