IVV vs RMNY
iShares Core S&P 500 ETF vs Rockefeller New York Municipal Bond ETF
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 | RMNY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $865.2B | $28M | |
| Dividend Yield | 1.09% | 4.68% | |
| Holdings | 508 | 84 | |
| YTD Return | +13.80% | +2.12% | |
| 1Y Return | +23.01% | +7.21% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -5.9% | |
| Fund Family | iShares by BlackRock (US) | Rockefeller Capital Management | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Aug 12, 2024 |
IVV vs RMNY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Rockefeller New York Municipal Bond ETF (RMNY) is a ETF from Rockefeller Capital Management. Over the past year IVV returned +23.01% while RMNY returned +7.21%. Year to date, IVV is up 13.80% versus a gain of 2.12% for RMNY.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.5% for RMNY. 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 -5.9% for RMNY. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while RMNY charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.68% for RMNY.
Holdings Overlap
IVV and RMNY share 0 holdings out of 535 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 RMNY?
IVV has an expense ratio of 0.03% while RMNY charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IVV or RMNY?
Over the past year IVV returned +23.01% vs +7.21% for RMNY, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +2.61% for RMNY. Past performance does not guarantee future results.
Which is riskier, IVV or RMNY?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for RMNY. Worst drawdown: IVV -56.5% vs RMNY -5.9%.
Should I hold both IVV and RMNY?
IVV and RMNY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RMNY?
IVV and RMNY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, IVV or RMNY?
IVV yields 1.09% while RMNY yields 4.68%, so RMNY currently pays the higher dividend yield.
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