IVV vs MRNY
iShares Core S&P 500 ETF vs YieldMax MRNA Option Income Strategy ETF
Quick Verdict
IVV has a lower expense ratio. MRNY delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MRNY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.27% | |
| AUM | $907.0B | $120M | |
| Dividend Yield | 1.10% | 99.96% | |
| Holdings | 508 | 18 | |
| YTD Return | +12.71% | +280.50% | |
| 1Y Return | +21.89% | +314.78% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 100.6% | |
| Max Drawdown | -56.5% | -82.2% | |
| Fund Family | iShares by BlackRock (US) | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 23, 2023 |
IVV vs MRNY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and YieldMax MRNA Option Income Strategy ETF (MRNY) is a ETF from YieldMax ETF. Over the past year IVV returned +21.89% while MRNY returned +314.78%. Year to date, IVV is up 12.71% versus a gain of 280.50% for MRNY.
Risk: Volatility and Drawdowns
MRNY has been the more volatile fund, with annualized monthly volatility of 100.6% compared with 15.1% for IVV. 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 -82.2% for MRNY. 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 -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MRNY charges 1.27%. On a $10,000 position that is $3 vs $127 annually, a gap of $124 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 99.96% for MRNY.
Holdings Overlap
IVV and MRNY share 0 holdings out of 508 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 MRNY?
IVV has an expense ratio of 0.03% while MRNY charges 1.27%. IVV is the cheaper option. On a $10,000 investment, that is $124 per year of difference.
Which performed better, IVV or MRNY?
Over the past year IVV returned +21.89% vs +314.78% for MRNY, so MRNY leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +7.76% for MRNY. Past performance does not guarantee future results.
Which is riskier, IVV or MRNY?
MRNY has been the more volatile fund at 100.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MRNY -82.2%.
Should I hold both IVV and MRNY?
IVV and MRNY have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MRNY?
IVV and MRNY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or MRNY?
IVV yields 1.10% while MRNY yields 99.96%, so MRNY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.