IVE vs MGV: Differences, Returns & Fees
IVE and MGV hold 51% of their weight in the same names, and MGV returned +21.5% over the year. Net assets: $49.3bn on Oct 9, 2026 for iShares S&P 500 Value ETF, and $13.5bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Value ETF.
MGV costs 0.13 points a year less; their one-year returns differ by 7.1 points; IVE is 3.6 times larger.
| IVE | MGV | |
|---|---|---|
| Expense ratio | 0.18% | 0.05% |
| Net assets, as of Sep 30, 2026 | $48.2bn | $13.5bn |
| Total return, 1 year | +14.4% | +21.5% |
| What it tracks | S&P 500 Value Index | CRSP U.S. Mega Cap Value Index |
| Holdings in common | 51% | |
| Top ten holdings, share of the fund | 24.7% | 28.5% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, IVE and MGV hold 51% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 9, 2026.
half
51% in common
On the same fields
IVE and MGV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About IVE
IVE tracks an index. Over the year to Oct 9, 2026 it returned +14.4% with distributions reinvested, against +14.5% for its benchmark, the S&P 500 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 437 positions, with the top ten at 24.7%.
About MGV
MGV tracks an index. Over the year to Oct 9, 2026 it returned +21.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 28.5%.
Questions people ask
- Which returned more over the last year, IVE or MGV?
- In the year to Oct 9, 2026, with distributions reinvested, IVE returned +14.4% and MGV +21.5%.
- Which is cheaper, IVE or MGV?
- MGV is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVE against MGV, data as of Oct 9, 2026. https://etfiq.com/compare/any/ive-vs-mgv
ETFIQ. (Oct 9, 2026). IVE against MGV. Retrieved from https://etfiq.com/compare/any/ive-vs-mgv
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