IVV vs MSFO
iShares Core S&P 500 ETF vs YieldMax Microsoft Option Income Strategy ETF
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 | MSFO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.07% | |
| AUM | $865.2B | $100M | |
| Dividend Yield | 1.09% | 42.88% | |
| Holdings | 508 | 15 | |
| YTD Return | +13.80% | +4.55% | |
| 1Y Return | +23.01% | -2.26% | |
| 3Y Return (annualized) | +21.77% | +15.89% | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 23.8% | |
| Max Drawdown | -56.5% | -29.7% | |
| Fund Family | iShares by BlackRock (US) | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 24, 2023 |
IVV vs MSFO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and YieldMax Microsoft Option Income Strategy ETF (MSFO) is a ETF from YieldMax ETF. Over the past year IVV returned +23.01% while MSFO returned -2.26%. Year to date, IVV is up 13.80% versus a gain of 4.55% for MSFO.
Over three years, IVV compounded at +21.77% per year against +15.89% for MSFO. Across the full 3-year window we track, MSFO has the edge at +15.89% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFO has been the more volatile fund, with annualized monthly volatility of 23.8% 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 -29.7% for MSFO. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MSFO charges 1.07%. On a $10,000 position that is $3 vs $107 annually, a gap of $104 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 42.88% for MSFO.
Holdings Overlap
IVV and MSFO share 0 holdings out of 507 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 MSFO?
IVV has an expense ratio of 0.03% while MSFO charges 1.07%. IVV is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, IVV or MSFO?
Over the past year IVV returned +23.01% vs -2.26% for MSFO, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +15.89% for MSFO. Past performance does not guarantee future results.
Which is riskier, IVV or MSFO?
MSFO has been the more volatile fund at 23.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MSFO -29.7%.
Should I hold both IVV and MSFO?
IVV and MSFO have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MSFO?
IVV and MSFO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or MSFO?
IVV yields 1.09% while MSFO yields 42.88%, so MSFO currently pays the higher dividend yield.
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