IVV vs RMI
iShares Core S&P 500 ETF vs RiverNorth Opportunistic Municipal Income Fund, Inc.
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 3.34% | |
| AUM | $865.2B | $101M | |
| Dividend Yield | 1.09% | 6.81% | |
| Holdings | 508 | 100 | |
| YTD Return | +13.72% | +13.05% | |
| 1Y Return | +21.64% | +19.88% | |
| 3Y Return (annualized) | +21.55% | +6.45% | |
| 5Y Return (annualized) | +13.27% | -0.33% | |
| Volatility (annualized) | 15.1% | 15.7% | |
| Max Drawdown | -56.5% | -32.7% | |
| Fund Family | iShares by BlackRock (US) | RiverNorth | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 25, 2018 |
IVV vs RMI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is a ETF from RiverNorth. Over the past year IVV returned +21.64% while RMI returned +19.88%. Year to date, IVV is up 13.72% versus a gain of 13.05% for RMI.
Over three years, IVV compounded at +21.55% per year against +6.45% for RMI; over five years the annualized figures are +13.27% and -0.33% respectively. Across the full 8-year window we track, IVV has the edge at +7.04% annualized vs +2.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMI has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.1% 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 -32.7% for RMI. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while RMI charges 3.34%. On a $10,000 position that is $3 vs $334 annually, a gap of $331 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.81% for RMI.
Holdings Overlap
IVV and RMI share 0 holdings out of 555 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 RMI?
IVV has an expense ratio of 0.03% while RMI charges 3.34%. IVV is the cheaper option. On a $10,000 investment, that is $331 per year of difference.
Which performed better, IVV or RMI?
Over the past year IVV returned +21.64% vs +19.88% for RMI, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.04% vs +2.36% for RMI. Past performance does not guarantee future results.
Which is riskier, IVV or RMI?
RMI has been the more volatile fund at 15.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RMI -32.7%.
Should I hold both IVV and RMI?
IVV and RMI have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RMI?
IVV and RMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, IVV or RMI?
IVV yields 1.09% while RMI yields 6.81%, so RMI currently pays the higher dividend yield.
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