IVV vs JLS
iShares Core S&P 500 ETF vs Nuveen Mortgage and Income Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | JLS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.62% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | 9.78% | |
| Holdings | 508 | 148 | |
| YTD Return | +13.80% | +1.23% | |
| 1Y Return | +23.01% | +1.07% | |
| 3Y Return (annualized) | +21.77% | +12.05% | |
| 5Y Return (annualized) | +13.39% | +4.68% | |
| Volatility (annualized) | 15.1% | 10.8% | |
| Max Drawdown | -56.5% | -51.2% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Nov 25, 2009 |
IVV vs JLS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Mortgage and Income Fund (JLS) is a ETF from Nuveen. Over the past year IVV returned +23.01% while JLS returned +1.07%. Year to date, IVV is up 13.80% versus a gain of 1.23% for JLS.
Over three years, IVV compounded at +21.77% per year against +12.05% for JLS; over five years the annualized figures are +13.39% and +4.68% respectively. Across the full 17-year window we track, IVV has the edge at +7.04% annualized vs +0.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.8% for JLS. 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 -51.2% for JLS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while JLS charges 1.62%. On a $10,000 position that is $3 vs $162 annually, a gap of $159 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 9.78% for JLS.
Frequently Asked Questions
Which is cheaper, IVV or JLS?
IVV has an expense ratio of 0.03% while JLS charges 1.62%. IVV is the cheaper option. On a $10,000 investment, that is $159 per year of difference.
Which performed better, IVV or JLS?
Over the past year IVV returned +23.01% vs +1.07% for JLS, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.04% vs +0.55% for JLS. Past performance does not guarantee future results.
Which is riskier, IVV or JLS?
IVV has been the more volatile fund at 15.1% annualized versus 10.8% for JLS. Worst drawdown: IVV -56.5% vs JLS -51.2%.
Should I hold both IVV and JLS?
IVV and JLS have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or JLS?
IVV yields 1.09% while JLS yields 9.78%, so JLS currently pays the higher dividend yield.
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