IVV vs XMPT
iShares Core S&P 500 ETF vs VanEck CEF Municipal Income ETF
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 | XMPT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.97% | |
| AUM | $907.0B | $219M | |
| Dividend Yield | 1.10% | 6.39% | |
| Holdings | 508 | 40 | |
| YTD Return | +14.29% | -0.23% | |
| 1Y Return | +21.79% | +6.44% | |
| 3Y Return (annualized) | +22.19% | +6.02% | |
| 5Y Return (annualized) | +13.28% | -2.33% | |
| Volatility (annualized) | 15.1% | 42.2% | |
| Max Drawdown | -56.5% | -56.3% | |
| Fund Family | iShares by BlackRock (US) | VanEck | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jul 12, 2011 |
IVV vs XMPT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and VanEck CEF Municipal Income ETF (XMPT) is a ETF from VanEck. Over the past year IVV returned +21.79% while XMPT returned +6.44%. Year to date, IVV is up 14.29% versus a loss of 0.23% for XMPT.
Over three years, IVV compounded at +22.19% per year against +6.02% for XMPT; over five years the annualized figures are +13.28% and -2.33% respectively. Across the full 15-year window we track, IVV has the edge at +7.06% annualized vs +3.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMPT has been the more volatile fund, with annualized monthly volatility of 42.2% 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 -56.3% for XMPT. 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while XMPT charges 1.97%. On a $10,000 position that is $3 vs $197 annually, a gap of $194 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.39% for XMPT.
Holdings Overlap
IVV and XMPT share 0 holdings out of 543 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 XMPT?
IVV has an expense ratio of 0.03% while XMPT charges 1.97%. IVV is the cheaper option. On a $10,000 investment, that is $194 per year of difference.
Which performed better, IVV or XMPT?
Over the past year IVV returned +21.79% vs +6.44% for XMPT, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.06% vs +3.89% for XMPT. Past performance does not guarantee future results.
Which is riskier, IVV or XMPT?
XMPT has been the more volatile fund at 42.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XMPT -56.3%.
Should I hold both IVV and XMPT?
IVV and XMPT have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XMPT?
IVV and XMPT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, IVV or XMPT?
IVV yields 1.10% while XMPT yields 6.39%, so XMPT currently pays the higher dividend yield.
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