IVV vs RMMZ
iShares Core S&P 500 ETF vs RiverNorth Managed Duration Municipal Income Fund II, Inc
Which is better, IVV or RMMZ?
Large Cap Blend against Municipal Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y 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 | RMMZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 6.81% |
| AUM | $876.4B | $131M |
| Dividend Yield | 1.06% | 6.39% |
| Holdings | 508 | 100 |
| YTD Return | +12.01%Best | +1.23% |
| 1Y Return | +16.48%Best | -0.65% |
| 3Y Return (annualized) | +21.21%Best | +4.17% |
| 5Y Return (annualized) | +12.95% | - |
| Volatility (annualized) | 15.7%Best | 16.9% |
| Max Drawdown | -22.1%Best | -27.1% |
| $10,000 over 4.6 years | $18,441Best | $10,369 |
| Fund Family | iShares by BlackRock (US) | RiverNorth |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Feb 10, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 11, 2022 to Sep 14, 2026 (4.6 years).
IVV vs RMMZ 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 4.6 years both funds cover.
IVV vs RMMZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and RiverNorth Managed Duration Municipal Income Fund II, Inc (RMMZ) is an ETF from RiverNorth. Over the past year IVV returned +16.48% while RMMZ returned -0.65%. Year to date, IVV is up 12.01% versus a gain of 1.23% for RMMZ.
Over three years, IVV compounded at +21.21% per year against +4.17% for RMMZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMMZ has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.7% 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 -22.1% for IVV and -27.1% for RMMZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while RMMZ charges 6.81%. On a $10,000 position that is $3 vs $681 annually, a gap of $678 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 6.39% for RMMZ.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 52 in RMMZ, totalling 99.3% and 114.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 153 days apart, IVV as of Aug 31, 2026 and RMMZ as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 52 in RMMZ, against full books of 508 and 100.
You are not choosing between two funds in isolation.
Whichever of IVV and RMMZ 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 RMMZ?
IVV has an expense ratio of 0.03% while RMMZ charges 6.81%. IVV is the cheaper option, by $678 a year on a $10,000 investment.
Which performed better, IVV or RMMZ?
Over the past year IVV returned +16.48% vs -0.65% for RMMZ, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RMMZ?
RMMZ has been the more volatile fund at 16.9% annualized versus 15.7% for IVV. Worst drawdown: IVV -22.1% vs RMMZ -27.1%.
Should I hold both IVV and RMMZ?
IVV and RMMZ have a monthly-return correlation of 0.67, 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 RMMZ?
IVV yields 1.06% while RMMZ yields 6.39%, so RMMZ currently pays the higher dividend yield.
Is RMMZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.