Data as of Oct 28, 2026.
IVV vs MSTY: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to MSTY's −43.4%, and IVV charges 0.03% to MSTY's 0.99%.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $1.0bn for YieldMax MSTR Option Income Strategy ETF.
Pair scorecard
IVV costs 0.96 points a year less; their one-year returns differ by 57.1 points; IVV is far larger, $885.1bn against $1.0bn.
| Measure | IVV | MSTY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | −43.4% |
| Price change, 1 year | rose 12.4% | fell 75.2% |
| Latest payout, annualized | 60.3% | |
| Return of capital, issuer estimate | 14% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: MicroStrategy (MSTR) |
| Against its benchmark, same days | ahead by 5.6 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.99% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $1.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Mar 1, 2024 to Oct 23, 2026 · 138 weekly returnsEach against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; MSTY against MSTR, Mar 1, 2024 to Oct 23, 2026.
IVV returned more: +53.3% to +36.1%. IVV swung less: 14.5% to 61.8%. IVV fell less at its worst: −16.9% to −76.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | MSTY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +53.3% | +36.1% | IVV | Price change plus distributions, reinvested. |
| Annualized | +17.5% | +12.3% | IVV | Total return as a yearly rate. |
| Price return | +48.1% | −89.1% | IVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.5% | 61.8% | IVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.5% | 40.0% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.9% | −76.2% | IVV | Deepest fall from a high to the low after it. |
| Upside capture | 99.3% | 35.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.7% | 97.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 0.73 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.93 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.88 | 0.42 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.35 | 0.65 | IVV | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.081 | 0.358 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.03 | 0.16 | IVV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | MSTR | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | −2.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.33 | −0.23 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.5% | −21.9% to +17.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | −0.47 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.2% | 27.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and MSTY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
IVV and MSTY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
IVV and MSTY do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and MSTY is measured against MicroStrategy (MSTR).
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IVV returned +13.7% and MSTY −43.4% with distributions reinvested, a gap of 57.1 points.
Data as of Oct 28, 2026.
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IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
MSTY
Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting value in cash distributions while its price fell 75.2%. With every distribution reinvested, the fund returned −43.4%. MicroStrategy (MSTR) returned −49.0% over the same days, so a holder was ahead by 5.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.3%, paid weekly. YieldMax estimates that 14% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are IVV and MSTY in the same category?
- IVV is a stock ETF and MSTY is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or MSTY?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and MSTY −43.4%.
- Which is cheaper, IVV or MSTY?
- IVV is cheaper, by 0.96 percentage points a year. That is about $96 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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, IVV against MSTY, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-msty
ETFIQ. (Oct 28, 2026). IVV against MSTY. Retrieved from https://etfiq.com/compare/any/ivv-vs-msty
[IVV against MSTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-msty)
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