IVV vs JPC
iShares Core S&P 500 ETF vs Nuveen Preferred & Income Opportunities 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 | JPC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.14% | |
| AUM | $907.0B | - | |
| Dividend Yield | 1.10% | 9.90% | |
| Holdings | 508 | 260 | |
| YTD Return | +14.29% | +0.98% | |
| 1Y Return | +21.79% | +5.02% | |
| 3Y Return (annualized) | +22.19% | +16.47% | |
| 5Y Return (annualized) | +13.28% | +3.56% | |
| Volatility (annualized) | 15.1% | 18.2% | |
| Max Drawdown | -56.5% | -82.5% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Mar 26, 2003 |
IVV vs JPC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Preferred & Income Opportunities Fund (JPC) is a ETF from Nuveen. Over the past year IVV returned +21.79% while JPC returned +5.02%. Year to date, IVV is up 14.29% versus a gain of 0.98% for JPC.
Over three years, IVV compounded at +22.19% per year against +16.47% for JPC; over five years the annualized figures are +13.28% and +3.56% respectively. Across the full 23-year window we track, IVV has the edge at +7.06% annualized vs -0.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPC has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 15.1% 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 -82.5% for JPC. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while JPC charges 2.14%. On a $10,000 position that is $3 vs $214 annually, a gap of $211 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 9.90% for JPC.
Holdings Overlap
IVV and JPC share 6 holdings out of 713 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JPC?
IVV has an expense ratio of 0.03% while JPC charges 2.14%. IVV is the cheaper option. On a $10,000 investment, that is $211 per year of difference.
Which performed better, IVV or JPC?
Over the past year IVV returned +21.79% vs +5.02% for JPC, so IVV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +7.06% vs -0.82% for JPC. Past performance does not guarantee future results.
Which is riskier, IVV or JPC?
JPC has been the more volatile fund at 18.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs JPC -82.5%.
Should I hold both IVV and JPC?
IVV and JPC have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JPC?
IVV and JPC share 6 common holdings with a 0.7% weight overlap. Combined, they hold 713 unique securities.
Which pays a higher dividend, IVV or JPC?
IVV yields 1.10% while JPC yields 9.90%, so JPC currently pays the higher dividend yield.
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