IVV vs MVV
iShares Core S&P 500 ETF vs ProShares Ultra MidCap400
Which is better, IVV or MVV?
Large Cap Blend against Trading-Leveraged Equity.
IVV has a lower expense ratio. IVV led over 3Y and 5Y, MVV over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | MVV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $876.4B | $147M |
| Dividend Yield | 1.06% | 0.69% |
| Holdings | 508 | 411 |
| YTD Return | +11.51% | +15.27%Best |
| 1Y Return | +15.96% | +18.10%Best |
| 3Y Return (annualized) | +21.01%Best | +18.36% |
| 5Y Return (annualized) | +12.66%Best | +5.70% |
| Volatility (annualized) | 15.3%Best | 36.6% |
| Max Drawdown | -56.5%Best | -86.3% |
| $10,000 over 5 years | $18,149Best | $13,194 |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | May 15, 2000 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 21, 2006 to Sep 15, 2026 (20.2 years).
IVV vs MVV 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 20.2 years both funds cover.
IVV vs MVV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Ultra MidCap400 (MVV) is an ETF from ProShares. Over the past year IVV returned +15.96% while MVV returned +18.10%. Year to date, IVV is up 11.51% versus a gain of 15.27% for MVV.
Over three years, IVV compounded at +21.01% per year against +18.36% for MVV; over five years the annualized figures are +12.66% and +5.70% respectively. Across the full 20-year window we track, MVV has the edge at +10.13% annualized vs +9.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 15.3% for IVV. 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 -86.3% for MVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MVV charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.69% for MVV.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 397 in MVV, totalling 99.3% and 78.6% of the two funds. That is not enough of MVV to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 490 positions we hold weights for in IVV and 397 in MVV, against full books of 508 and 411.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MVV | Difference |
|---|---|---|---|
| FISFidelity National Information Srvcs Inc | 0.03% | 0.25% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of IVV and MVV 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 MVV?
IVV has an expense ratio of 0.03% while MVV charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or MVV?
Over the past year IVV returned +15.96% vs +18.10% for MVV, so MVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.71% vs +10.13% for MVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MVV?
MVV has been the more volatile fund at 36.6% annualized versus 15.3% for IVV. Worst drawdown: IVV -56.5% vs MVV -86.3%.
Should I hold both IVV and MVV?
IVV and MVV have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or MVV?
IVV yields 1.06% while MVV yields 0.69%, so IVV currently pays the higher dividend yield.
Is MVV better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and 5Y, MVV over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.