IVV vs NACP
iShares Core S&P 500 ETF vs Impact Shares NAACP Minority Empowerment ETF
Quick Verdict
IVV has a lower expense ratio. NACP delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NACP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $907.0B | $76M | |
| Dividend Yield | 1.10% | 0.57% | |
| Holdings | 508 | 203 | |
| YTD Return | +12.39% | +19.65% | |
| 1Y Return | +20.24% | +33.09% | |
| 3Y Return (annualized) | +21.78% | +25.41% | |
| 5Y Return (annualized) | +12.84% | +14.39% | |
| Volatility (annualized) | 15.1% | 17.7% | |
| Max Drawdown | -56.5% | -31.0% | |
| Fund Family | iShares by BlackRock (US) | Impact shares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 12, 2018 |
IVV vs NACP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Impact Shares NAACP Minority Empowerment ETF (NACP) is a ETF from Impact shares. Over the past year IVV returned +20.24% while NACP returned +33.09%. Year to date, IVV is up 12.39% versus a gain of 19.65% for NACP.
Over three years, IVV compounded at +21.78% per year against +25.41% for NACP; over five years the annualized figures are +12.84% and +14.39% respectively. Across the full 8-year window we track, NACP has the edge at +16.21% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NACP has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -31.0% for NACP. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while NACP charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.57% for NACP.
Holdings Overlap
IVV and NACP share 185 holdings out of 522 unique holdings combined, representing a 54.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or NACP?
IVV has an expense ratio of 0.03% while NACP charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or NACP?
Over the past year IVV returned +20.24% vs +33.09% for NACP, so NACP leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +6.98% vs +16.21% for NACP. Past performance does not guarantee future results.
Which is riskier, IVV or NACP?
NACP has been the more volatile fund at 17.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NACP -31.0%.
Should I hold both IVV and NACP?
IVV and NACP have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and NACP?
IVV and NACP share 185 common holdings with a 54.4% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, IVV or NACP?
IVV yields 1.10% while NACP yields 0.57%, so IVV currently pays the higher dividend yield.
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