IVV vs MUNB
iShares Core S&P 500 ETF vs Northern Trust 2035 Tax-Exempt Distributing Ladder 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 | MUNB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.18% | |
| AUM | $865.2B | $14M | |
| Dividend Yield | 1.09% | 1.79% | |
| Holdings | 508 | 231 | |
| YTD Return | +13.80% | +0.22% | |
| 1Y Return | +23.70% | +2.17% | |
| 3Y Return (annualized) | +21.49% | - | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 3.3% | |
| Max Drawdown | -56.5% | -2.5% | |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 1, 2025 |
IVV vs MUNB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) is a ETF from Northern Trust Asset Management. Over the past year IVV returned +23.70% while MUNB returned +2.17%. Year to date, IVV is up 13.80% versus a gain of 0.22% for MUNB.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.3% for MUNB. 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 -2.5% for MUNB. 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 MUNB 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 1.09% against 1.79% for MUNB.
Holdings Overlap
IVV and MUNB share 0 holdings out of 524 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 MUNB?
IVV has an expense ratio of 0.03% while MUNB charges 0.18%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, IVV or MUNB?
Over the past year IVV returned +23.70% vs +2.17% for MUNB, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, IVV or MUNB?
IVV has been the more volatile fund at 15.1% annualized versus 3.3% for MUNB. Worst drawdown: IVV -56.5% vs MUNB -2.5%.
Should I hold both IVV and MUNB?
IVV and MUNB 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 MUNB?
IVV and MUNB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, IVV or MUNB?
IVV yields 1.09% while MUNB yields 1.79%, so MUNB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.