IVV vs. MSFT
IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, IVV returned 14.95%/yr vs 23.18%/yr for MSFT. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
IVV vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 9.40% return, which is significantly higher than MSFT's -16.45% return. Over the past 10 years, IVV has underperformed MSFT with an annualized return of 14.95%, while MSFT has yielded a comparatively higher 23.18% annualized return.
IVV
- 1D
- -0.18%
- 1M
- -0.63%
- 6M
- 7.87%
- YTD
- 9.40%
- 1Y
- 19.60%
- 3Y*
- 19.51%
- 5Y*
- 12.87%
- 10Y*
- 14.95%
- ALL TIME*
- 8.43%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
IVV vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 9.40% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between IVV and MSFT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.67 |
Over the past year, the correlation between IVV and MSFT has dropped to 0.40 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
IVV vs. MSFT — Risk / Return Rank
IVV
MSFT
IVV vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and Microsoft Corporation (MSFT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVV | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.88 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.60 | +2.81 |
| Martin ratioReturn relative to average drawdown | 9.59 | -1.10 | +10.69 |
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Drawdowns
IVV vs. MSFT - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for IVV and MSFT.
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Drawdown Indicators
| IVV | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -69.38% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -34.50% | +25.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -34.50% | +15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -37.15% | +12.62% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -37.15% | +3.25% |
Current DrawdownCurrent decline from peak | -2.06% | -25.32% | +23.26% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -21.80% | +11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 18.74% | -16.69% |
Volatility
IVV vs. MSFT - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 3.54%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that IVV experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVV | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 10.25% | -6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 24.51% | -14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.65% | 27.52% | -14.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 27.07% | -10.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 27.15% | -9.10% |
Dividends
IVV vs. MSFT - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.10%, more than MSFT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.10% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
IVV and MSFT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to IVV (3.54%). In terms of maximum drawdown, IVV dropped -55.25% vs MSFT's -69.38%.
IVV currently has the higher Sharpe Ratio (1.56 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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