IVV vs MUST
iShares Core S&P 500 ETF vs Columbia Multi-Sector Municipal Income ETF
Which is better, IVV or MUST?
Large Cap Blend against Municipal Bond.
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 | MUST |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.23% |
| AUM | $876.4B | $591M |
| Dividend Yield | 1.06% | 3.43% |
| Holdings | 508 | 645 |
| YTD Return | +13.32%Best | -4.54% |
| 1Y Return | +17.08%Best | -3.33% |
| 3Y Return (annualized) | +22.72%Best | +2.54% |
| 5Y Return (annualized) | +13.20%Best | -0.53% |
| Volatility (annualized) | 16.7% | 6.2%Best |
| Max Drawdown | -33.9% | -13.8%Best |
| $10,000 over 5 years | $18,588Best | $9,738 |
| Fund Family | iShares by BlackRock (US) | Columbia Threadneedle Investments |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Oct 10, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2018 to Sep 23, 2026 (8 years).
IVV vs MUST 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 MUST Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Columbia Multi-Sector Municipal Income ETF (MUST) is an ETF from Columbia Threadneedle Investments. Over the past year IVV returned +17.08% while MUST returned -3.33%. Year to date, IVV is up 13.32% versus a loss of 4.54% for MUST.
Over three years, IVV compounded at +22.72% per year against +2.54% for MUST; over five years the annualized figures are +13.20% and -0.53% respectively. Across the full 8-year window we track, IVV has the edge at +14.71% annualized vs +1.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 6.2% for MUST. 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 -33.9% for IVV and -13.8% for MUST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MUST charges 0.23%. On a $10,000 position that is $3 vs $23 annually, a gap of $20 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.43% for MUST.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 378 in MUST, totalling 99.3% and 49.4% 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 378 in MUST, against full books of 508 and 645.
You are not choosing between two funds in isolation.
Whichever of IVV and MUST 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 MUST?
IVV has an expense ratio of 0.03% while MUST charges 0.23%. IVV is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, IVV or MUST?
Over the past year IVV returned +17.08% vs -3.33% for MUST, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +14.71% vs +1.35% for MUST. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MUST?
IVV has been the more volatile fund at 16.7% annualized versus 6.2% for MUST. Worst drawdown: IVV -33.9% vs MUST -13.8%.
Should I hold both IVV and MUST?
IVV and MUST have a monthly-return correlation of 0.49, 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 MUST?
IVV yields 1.06% while MUST yields 3.43%, so MUST currently pays the higher dividend yield.
Is MUST 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.