IVV vs MUSI
iShares Core S&P 500 ETF vs American Century Multisector Income ETF
Which is better, IVV or MUSI?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | MUSI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.38% |
| AUM | $876.4B | $262M |
| Dividend Yield | 1.06% | 5.49% |
| Holdings | 508 | 419 |
| YTD Return | +12.51%Best | -0.87% |
| 1Y Return | +17.57%Best | +0.13% |
| 3Y Return (annualized) | +21.27%Best | +5.78% |
| 5Y Return (annualized) | +12.95%Best | +1.52% |
| Volatility (annualized) | 15.7% | 5.4%Best |
| Max Drawdown | -24.5% | -13.9%Best |
| $10,000 over 5 years | $18,384Best | $10,783 |
| Fund Family | iShares by BlackRock (US) | American Century Investments |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Jun 29, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Sep 11, 2026 (5.2 years).
IVV vs MUSI 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 5.2 years both funds cover.
IVV vs MUSI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and American Century Multisector Income ETF (MUSI) is an ETF from American Century Investments. Over the past year IVV returned +17.57% while MUSI returned +0.13%. Year to date, IVV is up 12.51% versus a loss of 0.87% for MUSI.
Over three years, IVV compounded at +21.27% per year against +5.78% for MUSI; over five years the annualized figures are +12.95% and +1.52% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 5.4% for MUSI. 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 -24.5% for IVV and -13.9% for MUSI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MUSI charges 0.38%. On a $10,000 position that is $3 vs $38 annually, a gap of $35 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.49% for MUSI.
Holdings Overlap
At least 0.3% of IVV's money is in holdings MUSI also owns.
Stated as a floor: for MUSI, our book for it covers 40.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 149 in MUSI, against full books of 508 and 419.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MUSI | Difference |
|---|---|---|---|
| CCitigroup Inc V/R /Perp | 0.35% | 0.44% | 0.09% |
You are not choosing between two funds in isolation.
Whichever of IVV and MUSI 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 MUSI?
IVV has an expense ratio of 0.03% while MUSI charges 0.38%. IVV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, IVV or MUSI?
Over the past year IVV returned +17.57% vs +0.13% for MUSI, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MUSI?
IVV has been the more volatile fund at 15.7% annualized versus 5.4% for MUSI. Worst drawdown: IVV -24.5% vs MUSI -13.9%.
Should I hold both IVV and MUSI?
IVV and MUSI have a monthly-return correlation of 0.68, 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 MUSI?
IVV yields 1.06% while MUSI yields 5.49%, so MUSI currently pays the higher dividend yield.
Is MUSI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.