GMNY vs IVV
Goldman Sachs Dynamic New York Municipal Income ETF vs iShares Core S&P 500 ETF
Which is better, GMNY or IVV?
Municipal New York against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GMNY | IVV |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $54M | $896.5B |
| Dividend Yield | 3.64% | 1.10% |
| Holdings | 409 | 508 |
| YTD Return | -1.63% | +13.59%Best |
| 1Y Return | -0.39% | +17.54%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 3.9%Best | 11.9% |
| Max Drawdown | -5.3%Best | -18.8% |
| $10,000 over 2.2 years | $10,275 | $14,641Best |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Municipal New York | Large Cap Blend |
| Inception | Jul 23, 2024 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 25, 2024 to Oct 14, 2026 (2.2 years).
GMNY vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
GMNY vs IVV Performance
Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is an ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GMNY returned -0.39% while IVV returned +17.54%. Year to date, GMNY is down 1.63% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 3.9% for GMNY. 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 -5.3% for GMNY and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GMNY charges 0.30% per year while IVV charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, GMNY currently yields 3.64% against 1.10% for IVV.
Holdings Overlap
We hold position weights for 65 holdings in GMNY and 506 in IVV, totalling 29.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 65 positions we hold weights for in GMNY and 506 in IVV, against full books of 409 and 508.
You are not choosing between two funds in isolation.
Whichever of GMNY and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GMNY or IVV?
GMNY has an expense ratio of 0.30% while IVV charges 0.03%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, GMNY or IVV?
Over the past year GMNY returned -0.39% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GMNY annualized +1.24% vs +18.92% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMNY or IVV?
IVV has been the more volatile fund at 11.9% annualized versus 3.9% for GMNY. Worst drawdown: GMNY -5.3% vs IVV -18.8%.
Should I hold both GMNY and IVV?
GMNY and IVV have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GMNY or IVV?
GMNY yields 3.64% while IVV yields 1.10%, so GMNY currently pays the higher dividend yield.
Is IVV better than GMNY?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.