IVV vs JCE
iShares Core S&P 500 ETF vs Nuveen Core Equity Alpha Fund
Which is better, IVV or JCE?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 42.3%.
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 | JCE |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.02% |
| AUM | $886.7B | - |
| Dividend Yield | 1.10% | 7.58% |
| Holdings | 508 | 128 |
| YTD Return | +13.39% | +13.78%Best |
| 1Y Return | +20.08%Best | +17.85% |
| 3Y Return (annualized) | +21.29%Best | +19.80% |
| 5Y Return (annualized) | +12.88%Best | +11.10% |
| Volatility (annualized) | 15.5%Best | 20.6% |
| Max Drawdown | -56.5%Best | -64.9% |
| $10,000 over 5 years | $18,327Best | $16,927 |
| Top 10 Weight | 37.9%Best | 42.3% |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Mar 27, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Mar 28, 2007 to Sep 4, 2026 (19.4 years).
IVV vs JCE 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 19.4 years both funds cover.
IVV vs JCE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen Core Equity Alpha Fund (JCE) is an ETF from Nuveen. Over the past year IVV returned +20.08% while JCE returned +17.85%. Year to date, IVV is up 13.39% versus a gain of 13.78% for JCE.
Over three years, IVV compounded at +21.29% per year against +19.80% for JCE; over five years the annualized figures are +12.88% and +11.10% respectively. Across the full 19-year window we track, IVV has the edge at +9.54% annualized vs +2.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JCE has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 15.5% 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 -56.5% for IVV and -64.9% for JCE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JCE charges 1.02%. On a $10,000 position that is $3 vs $102 annually, a gap of $99 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 7.58% for JCE.
Holdings Overlap
61.1% of IVV's money is in holdings JCE also owns. 84.9% of JCE's money is in holdings IVV also owns.
Most of JCE is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 187 days apart, IVV as of Aug 5, 2026 and JCE as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
81 positions in common, counted across the 505 positions we hold weights for in IVV and 117 in JCE, against full books of 508 and 128.
What only one of them owns
Our book lists 34 positions for JCE that do not appear in our book for IVV (14.1% of the fund), and 417 for IVV that do not appear in JCE (38.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in JCE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 8.48% | 0.50% |
| AAPLApple, Inc | 6.86% | 7.13% | 0.27% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 5.96% | 0.52% |
| AMZNAmazon.Com Inc | 4.01% | 4.56% | 0.55% |
| GOOGLAlphabet Inc.Class A | 3.19% | 3.28% | 0.09% |
| AVGOBroadcom Inc | 2.98% | 3.08% | 0.10% |
| GOOGAlphabet Inc. C | 2.56% | 3.40% | 0.84% |
| METAMeta Platform Inc | 1.94% | 2.41% | 0.47% |
| BRK.BBerkshire Hathaway, Inc. | 1.43% | 2.09% | 0.66% |
| JPMJpmorgan Chase | 1.45% | 1.91% | 0.46% |
84.9% of JCE is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or JCE?
IVV has an expense ratio of 0.03% while JCE charges 1.02%. IVV is the cheaper option, by $99 a year on a $10,000 investment.
Which performed better, IVV or JCE?
Over the past year IVV returned +20.08% vs +17.85% for JCE, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +9.54% vs +2.26% for JCE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JCE?
JCE has been the more volatile fund at 20.6% annualized versus 15.5% for IVV. Worst drawdown: IVV -56.5% vs JCE -64.9%.
Should I hold both IVV and JCE?
IVV and JCE have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and JCE?
84.9% of JCE's money is in holdings IVV also owns. 84.9% of JCE's is in holdings IVV also owns. They hold 81 positions in common, counted across the 505 positions we hold weights for in IVV and 117 in JCE.
Which pays a higher dividend, IVV or JCE?
IVV yields 1.10% while JCE yields 7.58%, so JCE currently pays the higher dividend yield.
Is JCE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 42.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.