IVV vs MXI
iShares Core S&P 500 ETF vs iShares Global Materials ETF
Which is better, IVV or MXI?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MXI over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.0%.
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 | MXI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.37% |
| AUM | $876.4B | $387M |
| Dividend Yield | 1.06% | 1.70% |
| Holdings | 508 | 114 |
| YTD Return | +11.57% | +15.05%Best |
| 1Y Return | +17.57% | +25.52%Best |
| 3Y Return (annualized) | +20.71%Best | +14.21% |
| 5Y Return (annualized) | +12.80%Best | +7.54% |
| Volatility (annualized) | 15.3%Best | 22.0% |
| Max Drawdown | -56.5%Best | -68.7% |
| $10,000 over 5 years | $18,262Best | $14,383 |
| Top 10 Weight | 37.9%Best | 39.0% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 12, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2006 to Sep 10, 2026 (20 years).
IVV vs MXI 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 years both funds cover.
IVV vs MXI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Global Materials ETF (MXI) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while MXI returned +25.52%. Year to date, IVV is up 11.57% versus a gain of 15.05% for MXI.
Over three years, IVV compounded at +20.71% per year against +14.21% for MXI; over five years the annualized figures are +12.80% and +7.54% respectively. Across the full 20-year window we track, IVV has the edge at +9.56% annualized vs +5.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MXI has been the more volatile fund, with annualized monthly volatility of 22.0% 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 -68.7% for MXI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MXI charges 0.37%. On a $10,000 position that is $3 vs $37 annually, a gap of $34 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.70% for MXI.
Holdings Overlap
2.0% of IVV's money is in holdings MXI also owns. 38.3% of MXI's money is in holdings IVV also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 505 positions we hold weights for in IVV and 93 in MXI, against full books of 508 and 114.
What only one of them owns
Our book lists 4 positions for MXI that do not appear in our book for IVV (1.4% of the fund), and 470 for IVV that do not appear in MXI (97.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MXI | Difference |
|---|---|---|---|
| LINLinde Plc Ordinary Shares | 0.34% | 8.08% | 7.74% |
| NEMNewmont Corp. | 0.17% | 3.39% | 3.22% |
| FCXFreeport-McMoran Copper & Gold Inc | 0.15% | 2.83% | 2.68% |
| SHWSherwin Williams Co/the | 0.13% | 2.59% | 2.46% |
| CRH:IECrh Plc | 0.10% | 2.33% | 2.23% |
| ECLEcolab, Inc. | 0.11% | 2.32% | 2.21% |
| APDAir Products & Chemicals In | 0.10% | 2.23% | 2.13% |
| CTVACorteva Inc. | 0.08% | 1.87% | 1.79% |
| NUENucor Corp. | 0.09% | 1.65% | 1.56% |
| VMCVulcan Materials Co. | 0.06% | 1.28% | 1.22% |
38.3% of MXI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MXI?
IVV has an expense ratio of 0.03% while MXI charges 0.37%. IVV is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, IVV or MXI?
Over the past year IVV returned +17.57% vs +25.52% for MXI, so MXI leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.56% vs +5.12% for MXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MXI?
MXI has been the more volatile fund at 22.0% annualized versus 15.3% for IVV. Worst drawdown: IVV -56.5% vs MXI -68.7%.
Should I hold both IVV and MXI?
IVV and MXI have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and MXI?
38.3% of MXI's money is in holdings IVV also owns. 38.3% of MXI's is in holdings IVV also owns. They hold 26 positions in common, counted across the 505 positions we hold weights for in IVV and 93 in MXI.
Which pays a higher dividend, IVV or MXI?
IVV yields 1.06% while MXI yields 1.70%, so MXI currently pays the higher dividend yield.
Is MXI better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MXI over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.