IVV vs RMM
iShares Core S&P 500 ETF vs RiverNorth Managed Duration Municipal Income Fund, Inc.
Which is better, IVV or RMM?
Large Cap Blend against Municipal Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | IVV | RMM |
|---|---|---|
| Expense Ratio | 0.03%Best | 6.83% |
| AUM | $896.5B | $272M |
| Dividend Yield | 1.10% | 7.54% |
| Holdings | 508 | 110 |
| YTD Return | +13.59%Best | -1.09% |
| 1Y Return | +17.54%Best | -2.71% |
| 3Y Return (annualized) | +22.46%Best | +6.43% |
| 5Y Return (annualized) | +13.28%Best | -1.44% |
| Volatility (annualized) | 15.6%Best | 35.1% |
| Max Drawdown | -55.3%Best | -83.8% |
| $10,000 over 5 years | $18,654Best | $9,300 |
| Fund Family | iShares by BlackRock (US) | RiverNorth |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Jul 25, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 8, 2007 to Oct 14, 2026 (18.9 years).
IVV vs RMM 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 18.9 years both funds cover.
IVV vs RMM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM) is an ETF from RiverNorth. Over the past year IVV returned +17.54% while RMM returned -2.71%. Year to date, IVV is up 13.59% versus a loss of 1.09% for RMM.
Over three years, IVV compounded at +22.46% per year against +6.43% for RMM; over five years the annualized figures are +13.28% and -1.44% respectively. Across the full 19-year window we track, IVV has the edge at +9.61% annualized vs -6.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMM has been the more volatile fund, with annualized monthly volatility of 35.1% compared with 15.6% 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 -55.3% for IVV and -83.8% for RMM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while RMM charges 6.83%. On a $10,000 position that is $3 vs $683 annually, a gap of $680 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 7.54% for RMM.
Holdings Overlap
We hold position weights for 506 holdings in IVV and 52 in RMM, totalling 99.9% and 112.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 93 days apart, IVV as of Oct 1, 2026 and RMM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 506 positions we hold weights for in IVV and 52 in RMM, against full books of 508 and 110.
You are not choosing between two funds in isolation.
Whichever of IVV and RMM 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, IVV or RMM?
IVV has an expense ratio of 0.03% while RMM charges 6.83%. IVV is the cheaper option, by $680 a year on a $10,000 investment.
Which performed better, IVV or RMM?
Over the past year IVV returned +17.54% vs -2.71% for RMM, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +9.61% vs -6.89% for RMM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RMM?
RMM has been the more volatile fund at 35.1% annualized versus 15.6% for IVV. Worst drawdown: IVV -55.3% vs RMM -83.8%.
Should I hold both IVV and RMM?
IVV and RMM have a monthly-return correlation of 0.63, 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, IVV or RMM?
IVV yields 1.10% while RMM yields 7.54%, so RMM currently pays the higher dividend yield.
Is RMM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.