IVV vs MUNA
iShares Core S&P 500 ETF vs Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
Which is better, IVV or MUNA?
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 | MUNA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.18% |
| AUM | $876.4B | $8M |
| Dividend Yield | 1.06% | 2.07% |
| Holdings | 508 | 240 |
| YTD Return | +12.27%Best | +1.21% |
| 1Y Return | +17.04%Best | +0.99% |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 12.9% | 1.2%Best |
| Max Drawdown | -8.9% | -1.4%Best |
| $10,000 over 1.1 years | $12,105Best | $10,186 |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Feb 28, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 19, 2025 to Sep 17, 2026 (1.1 years).
IVV vs MUNA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs MUNA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +17.04% while MUNA returned +0.99%. Year to date, IVV is up 12.27% versus a gain of 1.21% for MUNA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 1.2% for MUNA. 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 -1.4% for MUNA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MUNA charges 0.18%. On a $10,000 position that is $3 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.07% for MUNA.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 18 in MUNA, totalling 99.3% and 6.4% 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 490 positions we hold weights for in IVV and 18 in MUNA, against full books of 508 and 240.
You are not choosing between two funds in isolation.
Whichever of IVV and MUNA 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 MUNA?
IVV has an expense ratio of 0.03% while MUNA charges 0.18%. IVV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, IVV or MUNA?
Over the past year IVV returned +17.04% vs +0.99% for MUNA, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +18.97% vs +1.69% for MUNA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MUNA?
IVV has been the more volatile fund at 12.9% annualized versus 1.2% for MUNA. Worst drawdown: IVV -8.9% vs MUNA -1.4%.
Should I hold both IVV and MUNA?
IVV and MUNA have a monthly-return correlation of 0.43, 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 MUNA?
IVV yields 1.06% while MUNA yields 2.07%, so MUNA currently pays the higher dividend yield.
Is MUNA 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.