IVV vs MSMR
iShares Core S&P 500 ETF vs McElhenny Sheffield Managed Risk 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 | MSMR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.06% | |
| AUM | $865.2B | $183M | |
| Dividend Yield | 1.09% | 1.83% | |
| Holdings | 508 | 6 | |
| YTD Return | +13.43% | +1.36% | |
| 1Y Return | +22.61% | +8.35% | |
| 3Y Return (annualized) | +21.47% | +13.49% | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 10.4% | |
| Max Drawdown | -56.5% | -14.9% | |
| Fund Family | iShares by BlackRock (US) | Aptus Capital Advisors | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Nov 16, 2021 |
IVV vs MSMR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and McElhenny Sheffield Managed Risk ETF (MSMR) is a ETF from Aptus Capital Advisors. Over the past year IVV returned +22.61% while MSMR returned +8.35%. Year to date, IVV is up 13.43% versus a gain of 1.36% for MSMR.
Over three years, IVV compounded at +21.47% per year against +13.49% for MSMR. Across the full 5-year window we track, MSMR has the edge at +8.40% annualized vs +7.03%. 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 10.4% for MSMR. 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 -14.9% for MSMR. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MSMR charges 1.06%. On a $10,000 position that is $3 vs $106 annually, a gap of $103 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.83% for MSMR.
Holdings Overlap
IVV and MSMR share 0 holdings out of 510 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 MSMR?
IVV has an expense ratio of 0.03% while MSMR charges 1.06%. IVV is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, IVV or MSMR?
Over the past year IVV returned +22.61% vs +8.35% for MSMR, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.03% vs +8.40% for MSMR. Past performance does not guarantee future results.
Which is riskier, IVV or MSMR?
IVV has been the more volatile fund at 15.1% annualized versus 10.4% for MSMR. Worst drawdown: IVV -56.5% vs MSMR -14.9%.
Should I hold both IVV and MSMR?
IVV and MSMR have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MSMR?
IVV and MSMR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, IVV or MSMR?
IVV yields 1.09% while MSMR yields 1.83%, so MSMR currently pays the higher dividend yield.
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