IVV vs MPA
iShares Core S&P 500 ETF vs BlackRock MuniYield Pennsylvania Quality Fund
Which is better, IVV or MPA?
Large Cap Blend against Municipal Pennsylvania.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | MPA |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.48% |
| AUM | $876.4B | $155M |
| Dividend Yield | 1.06% | 5.35% |
| Holdings | 508 | 165 |
| YTD Return | +14.15%Best | -4.78% |
| 1Y Return | +17.31%Best | -5.48% |
| 3Y Return (annualized) | +23.17%Best | +3.94% |
| 5Y Return (annualized) | +13.85%Best | -4.00% |
| Volatility (annualized) | 15.1% | 13.3%Best |
| Max Drawdown | -56.5% | -52.1%Best |
| $10,000 over 5 years | $19,128Best | $8,154 |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Pennsylvania |
| Inception | May 15, 2000 | Oct 30, 1992 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 21, 2026 (26.3 years).
IVV vs MPA 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 26.3 years both funds cover.
IVV vs MPA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and BlackRock MuniYield Pennsylvania Quality Fund (MPA) is an ETF from BlackRock, Inc. (US). Over the past year IVV returned +17.31% while MPA returned -5.48%. Year to date, IVV is up 14.15% versus a loss of 4.78% for MPA.
Over three years, IVV compounded at +23.17% per year against +3.94% for MPA; over five years the annualized figures are +13.85% and -4.00% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs +0.70%.
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 13.3% for MPA. 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 -52.1% for MPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while MPA charges 1.48%. On a $10,000 position that is $3 vs $148 annually, a gap of $145 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.35% for MPA.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 54 in MPA, totalling 99.3% and 49.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 212 days apart, IVV as of Aug 31, 2026 and MPA as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 54 in MPA, against full books of 508 and 165.
You are not choosing between two funds in isolation.
Whichever of IVV and MPA 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 MPA?
IVV has an expense ratio of 0.03% while MPA charges 1.48%. IVV is the cheaper option, by $145 a year on a $10,000 investment.
Which performed better, IVV or MPA?
Over the past year IVV returned +17.31% vs -5.48% for MPA, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.02% vs +0.70% for MPA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MPA?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for MPA. Worst drawdown: IVV -56.5% vs MPA -52.1%.
Should I hold both IVV and MPA?
IVV and MPA have a monthly-return correlation of 0.22, 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 MPA?
IVV yields 1.06% while MPA yields 5.35%, so MPA currently pays the higher dividend yield.
Is MPA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.