IVV vs MSSS
iShares Core S&P 500 ETF vs Monarch Select Subsector Index ETF
Quick Verdict
IVV has a lower expense ratio. MSSS delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MSSS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.43% | |
| AUM | $865.2B | $145M | |
| Dividend Yield | 1.09% | 0.28% | |
| Holdings | 508 | 12 | |
| YTD Return | +14.50% | +21.96% | |
| 1Y Return | +22.02% | +23.70% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 15.9% | |
| Max Drawdown | -56.5% | -19.1% | |
| Fund Family | iShares by BlackRock (US) | Monarch Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 12, 2024 |
IVV vs MSSS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Monarch Select Subsector Index ETF (MSSS) is a ETF from Monarch Funds. Over the past year IVV returned +22.02% while MSSS returned +23.70%. Year to date, IVV is up 14.50% versus a gain of 21.96% for MSSS.
Risk: Volatility and Drawdowns
MSSS has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -19.1% for MSSS. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MSSS charges 1.43%. On a $10,000 position that is $3 vs $143 annually, a gap of $140 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.28% for MSSS.
Holdings Overlap
IVV and MSSS share 0 holdings out of 515 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 MSSS?
IVV has an expense ratio of 0.03% while MSSS charges 1.43%. IVV is the cheaper option. On a $10,000 investment, that is $140 per year of difference.
Which performed better, IVV or MSSS?
Over the past year IVV returned +22.02% vs +23.70% for MSSS, so MSSS leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs +17.32% for MSSS. Past performance does not guarantee future results.
Which is riskier, IVV or MSSS?
MSSS has been the more volatile fund at 15.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MSSS -19.1%.
Should I hold both IVV and MSSS?
IVV and MSSS have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MSSS?
IVV and MSSS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or MSSS?
IVV yields 1.09% while MSSS yields 0.28%, so IVV currently pays the higher dividend yield.
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