IVV vs MUSI
iShares Core S&P 500 ETF vs American Century Multisector Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MUSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.38% | |
| AUM | $907.0B | $255M | |
| Dividend Yield | 1.10% | 5.48% | |
| Holdings | 508 | 419 | |
| YTD Return | +12.71% | +0.71% | |
| 1Y Return | +21.89% | +3.57% | |
| 3Y Return (annualized) | +22.08% | +6.61% | |
| 5Y Return (annualized) | +12.96% | +2.01% | |
| Volatility (annualized) | 15.1% | 5.4% | |
| Max Drawdown | -56.5% | -13.9% | |
| Fund Family | iShares by BlackRock (US) | American Century Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jun 29, 2021 |
IVV vs MUSI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and American Century Multisector Income ETF (MUSI) is a ETF from American Century Investments. Over the past year IVV returned +21.89% while MUSI returned +3.57%. Year to date, IVV is up 12.71% versus a gain of 0.71% for MUSI.
Over three years, IVV compounded at +22.08% per year against +6.61% for MUSI; over five years the annualized figures are +12.96% and +2.01% respectively. Across the full 5-year window we track, IVV has the edge at +7.00% annualized vs +1.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV and -13.9% for MUSI. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 5.48% for MUSI.
Holdings Overlap
IVV and MUSI share 1 holdings out of 654 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MUSI | Difference |
|---|---|---|---|
| C | 0.35% | 0.44% | 0.09% |
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. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IVV or MUSI?
Over the past year IVV returned +21.89% vs +3.57% for MUSI, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +1.99% for MUSI. Past performance does not guarantee future results.
Which is riskier, IVV or MUSI?
IVV has been the more volatile fund at 15.1% annualized versus 5.4% for MUSI. Worst drawdown: IVV -56.5% vs MUSI -13.9%.
Should I hold both IVV and MUSI?
IVV and MUSI have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MUSI?
IVV and MUSI share 1 common holdings with a 0.3% weight overlap. Combined, they hold 654 unique securities.
Which pays a higher dividend, IVV or MUSI?
IVV yields 1.10% while MUSI yields 5.48%, so MUSI currently pays the higher dividend yield.
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