IVV vs MSD
iShares Core S&P 500 ETF vs Morgan Stanley Emerging Markets Debt Fund Inc.
Which is better, IVV or MSD?
Large Cap Blend against Emerging Markets Bond.
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 | MSD |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.19% |
| AUM | $876.4B | - |
| Dividend Yield | 1.06% | 7.67% |
| Holdings | 508 | 358 |
| YTD Return | +12.51%Best | +1.37% |
| 1Y Return | +17.57%Best | +3.67% |
| 3Y Return (annualized) | +21.27%Best | +13.85% |
| 5Y Return (annualized) | +12.95%Best | +3.52% |
| Volatility (annualized) | 15.1%Tie | 15.1%Tie |
| Max Drawdown | -56.5% | -52.4%Best |
| $10,000 over 5 years | $18,384Best | $11,888 |
| Fund Family | iShares by BlackRock (US) | Morgan Stanley Investment Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Emerging Markets Bond |
| Inception | May 15, 2000 | Jul 23, 1993 |
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 11, 2026 (26.3 years).
IVV vs MSD 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 MSD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Morgan Stanley Emerging Markets Debt Fund Inc. (MSD) is an ETF from Morgan Stanley Investment Management. Over the past year IVV returned +17.57% while MSD returned +3.67%. Year to date, IVV is up 12.51% versus a gain of 1.37% for MSD.
Over three years, IVV compounded at +21.27% per year against +13.85% for MSD; over five years the annualized figures are +12.95% and +3.52% respectively. Across the full 26-year window we track, IVV has the edge at +6.97% annualized vs +2.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV and MSD have been equally volatile, both at 15.1% annualized.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -52.4% for MSD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MSD charges 1.19%. On a $10,000 position that is $3 vs $119 annually, a gap of $116 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.67% for MSD.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 53 in MSD, totalling 100.0% and 25.0% 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 127 days apart, IVV as of Aug 5, 2026 and MSD as of Mar 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 505 positions we hold weights for in IVV and 53 in MSD, against full books of 508 and 358.
You are not choosing between two funds in isolation.
Whichever of IVV and MSD 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 MSD?
IVV has an expense ratio of 0.03% while MSD charges 1.19%. IVV is the cheaper option, by $116 a year on a $10,000 investment.
Which performed better, IVV or MSD?
Over the past year IVV returned +17.57% vs +3.67% for MSD, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.97% vs +2.04% for MSD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MSD?
IVV and MSD have been equally volatile, both at 15.1% annualized. Worst drawdown: IVV -56.5% vs MSD -52.4%.
Should I hold both IVV and MSD?
IVV and MSD have a monthly-return correlation of 0.55, 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 MSD?
IVV yields 1.06% while MSD yields 7.67%, so MSD currently pays the higher dividend yield.
Is MSD 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.