IVV vs MYI
iShares Core S&P 500 ETF vs BlackRock MuniYield Quality Fund III, Inc
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 | MYI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.65% | |
| AUM | $907.0B | $1.4B | |
| Dividend Yield | 1.10% | 5.75% | |
| Holdings | 508 | 305 | |
| YTD Return | +12.71% | +2.21% | |
| 1Y Return | +21.89% | +9.63% | |
| 3Y Return (annualized) | +22.08% | +7.05% | |
| 5Y Return (annualized) | +12.96% | -1.44% | |
| Volatility (annualized) | 15.1% | 12.0% | |
| Max Drawdown | -56.5% | -56.0% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Apr 13, 1992 |
IVV vs MYI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and BlackRock MuniYield Quality Fund III, Inc (MYI) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +21.89% while MYI returned +9.63%. Year to date, IVV is up 12.71% versus a gain of 2.21% for MYI.
Over three years, IVV compounded at +22.08% per year against +7.05% for MYI; over five years the annualized figures are +12.96% and -1.44% respectively. Across the full 26-year window we track, IVV has the edge at +7.00% annualized vs +0.09%. 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 12.0% for MYI. 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 -56.0% for MYI. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MYI charges 2.65%. On a $10,000 position that is $3 vs $265 annually, a gap of $262 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.75% for MYI.
Holdings Overlap
IVV and MYI share 0 holdings out of 657 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MYI?
IVV has an expense ratio of 0.03% while MYI charges 2.65%. IVV is the cheaper option. On a $10,000 investment, that is $262 per year of difference.
Which performed better, IVV or MYI?
Over the past year IVV returned +21.89% vs +9.63% for MYI, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.00% vs +0.09% for MYI. Past performance does not guarantee future results.
Which is riskier, IVV or MYI?
IVV has been the more volatile fund at 15.1% annualized versus 12.0% for MYI. Worst drawdown: IVV -56.5% vs MYI -56.0%.
Should I hold both IVV and MYI?
IVV and MYI have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MYI?
IVV and MYI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 657 unique securities.
Which pays a higher dividend, IVV or MYI?
IVV yields 1.10% while MYI yields 5.75%, so MYI currently pays the higher dividend yield.
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