IVV vs MRSK
iShares Core S&P 500 ETF vs Toews Agility Shares Managed Risk ETF
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 | MRSK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.98% | |
| AUM | $907.0B | $322M | |
| Dividend Yield | 1.10% | 0.35% | |
| Holdings | 508 | 7 | |
| YTD Return | +14.29% | +8.54% | |
| 1Y Return | +21.79% | +15.33% | |
| 3Y Return (annualized) | +22.19% | +12.04% | |
| 5Y Return (annualized) | +13.28% | +7.75% | |
| Volatility (annualized) | 15.1% | 10.3% | |
| Max Drawdown | -56.5% | -14.7% | |
| Fund Family | iShares by BlackRock (US) | TOEWS Funds | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 24, 2020 |
IVV vs MRSK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Toews Agility Shares Managed Risk ETF (MRSK) is a ETF from TOEWS Funds. Over the past year IVV returned +21.79% while MRSK returned +15.33%. Year to date, IVV is up 14.29% versus a gain of 8.54% for MRSK.
Over three years, IVV compounded at +22.19% per year against +12.04% for MRSK; over five years the annualized figures are +13.28% and +7.75% respectively. Across the full 6-year window we track, MRSK has the edge at +11.49% annualized vs +7.06%. 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 10.3% for MRSK. 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 -14.7% for MRSK. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MRSK charges 0.98%. On a $10,000 position that is $3 vs $98 annually, a gap of $95 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.35% for MRSK.
Holdings Overlap
IVV and MRSK share 0 holdings out of 506 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 MRSK?
IVV has an expense ratio of 0.03% while MRSK charges 0.98%. IVV is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, IVV or MRSK?
Over the past year IVV returned +21.79% vs +15.33% for MRSK, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.06% vs +11.49% for MRSK. Past performance does not guarantee future results.
Which is riskier, IVV or MRSK?
IVV has been the more volatile fund at 15.1% annualized versus 10.3% for MRSK. Worst drawdown: IVV -56.5% vs MRSK -14.7%.
Should I hold both IVV and MRSK?
IVV and MRSK have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MRSK?
IVV and MRSK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or MRSK?
IVV yields 1.10% while MRSK yields 0.35%, so IVV currently pays the higher dividend yield.
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