IVV vs MULT
iShares Core S&P 500 ETF vs Franklin Multisector Income ETF
Which is better, IVV or MULT?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y 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 | MULT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.39% |
| AUM | $850.0B | $10M |
| Dividend Yield | 1.09% | 4.92% |
| Holdings | 1,018 | 408 |
| Volatility (annualized) | 12.4% | 3.1%Best |
| Max Drawdown | -8.9% | -2.7%Best |
| $10,000 over 1.2 years | $12,103Best | $10,248 |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Aug 26, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 15 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Nov 11, 2026 and MULT through Oct 27, 2026.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 28, 2025 to Oct 27, 2026 (1.2 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 3.1% for MULT. 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 -8.9% for IVV and -2.7% for MULT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MULT charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.92% for MULT.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 21 in MULT, totalling 100.1% and 42.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 21 in MULT, against full books of 1,018 and 408.
You are not choosing between two funds in isolation.
Whichever of IVV and MULT 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 MULT?
IVV has an expense ratio of 0.03% while MULT charges 0.39%. IVV is the cheaper option, by $36 a year on a $10,000 investment.
Which is riskier, IVV or MULT?
IVV has been the more volatile fund at 12.4% annualized versus 3.1% for MULT. Worst drawdown: IVV -8.9% vs MULT -2.7%.
Should I hold both IVV and MULT?
IVV and MULT have a monthly-return correlation of 0.33, 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 MULT?
IVV yields 1.09% while MULT yields 4.92%, so MULT currently pays the higher dividend yield.
Is MULT better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.