IVV vs MUJ
iShares Core S&P 500 ETF vs BlackRock MuniHoldings New Jersey Quality Fund, Inc
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 | MUJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.77% | |
| AUM | $865.2B | $657M | |
| Dividend Yield | 1.09% | 5.10% | |
| Holdings | 508 | 242 | |
| YTD Return | +13.80% | +6.16% | |
| 1Y Return | +23.70% | +18.27% | |
| 3Y Return (annualized) | +21.49% | +9.32% | |
| 5Y Return (annualized) | +13.43% | +0.19% | |
| Volatility (annualized) | 15.1% | 12.2% | |
| Max Drawdown | -56.5% | -47.8% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Mar 11, 1998 |
IVV vs MUJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and BlackRock MuniHoldings New Jersey Quality Fund, Inc (MUJ) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +23.70% while MUJ returned +18.27%. Year to date, IVV is up 13.80% versus a gain of 6.16% for MUJ.
Over three years, IVV compounded at +21.49% per year against +9.32% for MUJ; over five years the annualized figures are +13.43% and +0.19% respectively. Across the full 26-year window we track, IVV has the edge at +7.05% annualized vs +0.26%. 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 12.2% for MUJ. 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 -47.8% for MUJ. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MUJ charges 1.77%. On a $10,000 position that is $3 vs $177 annually, a gap of $174 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.10% for MUJ.
Holdings Overlap
IVV and MUJ share 0 holdings out of 552 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 MUJ?
IVV has an expense ratio of 0.03% while MUJ charges 1.77%. IVV is the cheaper option. On a $10,000 investment, that is $174 per year of difference.
Which performed better, IVV or MUJ?
Over the past year IVV returned +23.70% vs +18.27% for MUJ, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.05% vs +0.26% for MUJ. Past performance does not guarantee future results.
Which is riskier, IVV or MUJ?
IVV has been the more volatile fund at 15.1% annualized versus 12.2% for MUJ. Worst drawdown: IVV -56.5% vs MUJ -47.8%.
Should I hold both IVV and MUJ?
IVV and MUJ have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MUJ?
IVV and MUJ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, IVV or MUJ?
IVV yields 1.09% while MUJ yields 5.10%, so MUJ currently pays the higher dividend yield.
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