IVV vs MQY
iShares Core S&P 500 ETF vs BlackRock MuniYield Quality Fund, Inc
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MQY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.90% | |
| AUM | $907.0B | $1.8B | |
| Dividend Yield | 1.10% | 5.77% | |
| Holdings | 508 | 456 | |
| YTD Return | +12.71% | +1.46% | |
| 1Y Return | +21.89% | +8.19% | |
| 3Y Return (annualized) | +22.08% | +5.94% | |
| 5Y Return (annualized) | +12.96% | -2.93% | |
| Volatility (annualized) | 15.1% | 12.5% | |
| Max Drawdown | -56.5% | -50.0% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jun 26, 1992 |
IVV vs MQY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and BlackRock MuniYield Quality Fund, Inc (MQY) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +21.89% while MQY returned +8.19%. Year to date, IVV is up 12.71% versus a gain of 1.46% for MQY.
Over three years, IVV compounded at +22.08% per year against +5.94% for MQY; over five years the annualized figures are +12.96% and -2.93% respectively. Across the full 26-year window we track, IVV has the edge at +7.00% annualized vs +0.49%. 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 12.5% for MQY. 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 -50.0% for MQY. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MQY charges 1.90%. On a $10,000 position that is $3 vs $190 annually, a gap of $187 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.77% for MQY.
Holdings Overlap
IVV and MQY share 0 holdings out of 706 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 MQY?
IVV has an expense ratio of 0.03% while MQY charges 1.90%. IVV is the cheaper option. On a $10,000 investment, that is $187 per year of difference.
Which performed better, IVV or MQY?
Over the past year IVV returned +21.89% vs +8.19% for MQY, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.00% vs +0.49% for MQY. Past performance does not guarantee future results.
Which is riskier, IVV or MQY?
IVV has been the more volatile fund at 15.1% annualized versus 12.5% for MQY. Worst drawdown: IVV -56.5% vs MQY -50.0%.
Should I hold both IVV and MQY?
IVV and MQY have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MQY?
IVV and MQY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 706 unique securities.
Which pays a higher dividend, IVV or MQY?
IVV yields 1.10% while MQY yields 5.77%, so MQY currently pays the higher dividend yield.
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