IVV vs SUB
IVV vs SUB
iShares Core S&P 500 ETF vs iShares Short-Term National Muni Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. SUB offers more diversification with 783 holdings.
Side-by-Side Comparison
| Metric | IVV | SUB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.07% | |
| AUM | $865.2B | $11.3B | |
| Dividend Yield | 1.09% | 2.52% | |
| Holdings | 508 | 2,925 | |
| YTD Return | +13.80% | +0.84% | |
| 1Y Return | +23.70% | +1.82% | |
| 3Y Return (annualized) | +21.49% | +3.08% | |
| 5Y Return (annualized) | +13.43% | +1.43% | |
| Volatility (annualized) | 15.1% | 1.7% | |
| Max Drawdown | -56.5% | -11.7% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Nov 5, 2008 |
IVV vs SUB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Short-Term National Muni Bond ETF (SUB) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +23.70% while SUB returned +1.82%. Year to date, IVV is up 13.80% versus a gain of 0.84% for SUB.
Over three years, IVV compounded at +21.49% per year against +3.08% for SUB; over five years the annualized figures are +13.43% and +1.43% respectively. Across the full 18-year window we track, IVV has the edge at +7.05% annualized vs +0.81%. 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 1.7% for SUB. 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 -11.7% for SUB. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SUB charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.52% for SUB.
Holdings Overlap
IVV and SUB share 0 holdings out of 1288 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 SUB?
IVV has an expense ratio of 0.03% while SUB charges 0.07%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IVV or SUB?
Over the past year IVV returned +23.70% vs +1.82% for SUB, so IVV leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +7.05% vs +0.81% for SUB. Past performance does not guarantee future results.
Which is riskier, IVV or SUB?
IVV has been the more volatile fund at 15.1% annualized versus 1.7% for SUB. Worst drawdown: IVV -56.5% vs SUB -11.7%.
Should I hold both IVV and SUB?
IVV and SUB have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SUB?
IVV and SUB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1288 unique securities.
Which pays a higher dividend, IVV or SUB?
IVV yields 1.09% while SUB yields 2.52%, so SUB currently pays the higher dividend yield.
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