IVV vs MPA
iShares Core S&P 500 ETF vs BlackRock MuniYield Pennsylvania Quality Fund
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 | MPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.48% | |
| AUM | $865.2B | $156M | |
| Dividend Yield | 1.09% | 5.32% | |
| Holdings | 508 | 165 | |
| YTD Return | +13.80% | +3.09% | |
| 1Y Return | +23.01% | +8.42% | |
| 3Y Return (annualized) | +21.77% | +5.63% | |
| 5Y Return (annualized) | +13.39% | -2.54% | |
| Volatility (annualized) | 15.1% | 12.8% | |
| Max Drawdown | -56.5% | -54.5% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 30, 1992 |
IVV vs MPA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and BlackRock MuniYield Pennsylvania Quality Fund (MPA) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +23.01% while MPA returned +8.42%. Year to date, IVV is up 13.80% versus a gain of 3.09% for MPA.
Over three years, IVV compounded at +21.77% per year against +5.63% for MPA; over five years the annualized figures are +13.39% and -2.54% respectively. Across the full 26-year window we track, IVV has the edge at +7.04% annualized vs +0.19%. 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 12.8% 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 -54.5% for MPA. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 5.32% for MPA.
Holdings Overlap
IVV and MPA share 0 holdings out of 559 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 MPA?
IVV has an expense ratio of 0.03% while MPA charges 1.48%. IVV is the cheaper option. On a $10,000 investment, that is $145 per year of difference.
Which performed better, IVV or MPA?
Over the past year IVV returned +23.01% vs +8.42% for MPA, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.04% vs +0.19% for MPA. Past performance does not guarantee future results.
Which is riskier, IVV or MPA?
IVV has been the more volatile fund at 15.1% annualized versus 12.8% for MPA. Worst drawdown: IVV -56.5% vs MPA -54.5%.
Should I hold both IVV and MPA?
IVV and MPA have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MPA?
IVV and MPA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, IVV or MPA?
IVV yields 1.09% while MPA yields 5.32%, so MPA currently pays the higher dividend yield.
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