IVV vs MUNB
iShares Core S&P 500 ETF vs Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
Which is better, IVV or MUNB?
Large Cap Blend against Long Term Municipal Bond.
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 | MUNB |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.18% |
| AUM | $876.4B | $14M |
| Dividend Yield | 1.06% | 2.23% |
| Holdings | 508 | 253 |
| YTD Return | +12.27%Best | -1.02% |
| 1Y Return | +17.04%Best | -0.78% |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 12.9% | 3.4%Best |
| Max Drawdown | -8.9% | -2.8%Best |
| $10,000 over 1.1 years | $12,105Best | $10,092 |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term Municipal Bond |
| Inception | May 15, 2000 | Mar 1, 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 MUNB 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 covers the 1.1 years both funds cover.
IVV vs MUNB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +17.04% while MUNB returned -0.78%. Year to date, IVV is up 12.27% versus a loss of 1.02% for MUNB.
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 3.4% 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 -8.9% for IVV and -2.8% for MUNB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
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 1.06% against 2.23% for MUNB.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 19 in MUNB, totalling 99.3% and 11.8% 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 19 in MUNB, against full books of 508 and 253.
You are not choosing between two funds in isolation.
Whichever of IVV and MUNB 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 MUNB?
IVV has an expense ratio of 0.03% while MUNB charges 0.18%. IVV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, IVV or MUNB?
Over the past year IVV returned +17.04% vs -0.78% for MUNB, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +18.97% vs +0.84% for MUNB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MUNB?
IVV has been the more volatile fund at 12.9% annualized versus 3.4% for MUNB. Worst drawdown: IVV -8.9% vs MUNB -2.8%.
Should I hold both IVV and MUNB?
IVV and MUNB have a monthly-return correlation of 0.60, 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 MUNB?
IVV yields 1.06% while MUNB yields 2.23%, so MUNB currently pays the higher dividend yield.
Is MUNB 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.