IVV vs NACP
iShares Core S&P 500 ETF vs Impact Shares NAACP Minority Empowerment ETF
Which is better, IVV or NACP?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. NACP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.8%.
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 | NACP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $876.4B | $74M |
| Dividend Yield | 1.06% | 0.57% |
| Holdings | 508 | 203 |
| YTD Return | +12.01% | +19.84%Best |
| 1Y Return | +16.48% | +28.79%Best |
| 3Y Return (annualized) | +21.21% | +25.04%Best |
| 5Y Return (annualized) | +12.95% | +14.63%Best |
| Volatility (annualized) | 16.7%Best | 17.6% |
| Max Drawdown | -33.9% | -31.0%Best |
| $10,000 over 5 years | $18,384 | $19,792Best |
| Top 10 Weight | 37.8%Best | 40.8% |
| Fund Family | iShares by BlackRock (US) | Impact shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jul 12, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Jul 19, 2018 to Sep 14, 2026 (8.2 years).
IVV vs NACP 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 8.2 years both funds cover.
IVV vs NACP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Impact Shares NAACP Minority Empowerment ETF (NACP) is an ETF from Impact shares. Over the past year IVV returned +16.48% while NACP returned +28.79%. Year to date, IVV is up 12.01% versus a gain of 19.84% for NACP.
Over three years, IVV compounded at +21.21% per year against +25.04% for NACP; over five years the annualized figures are +12.95% and +14.63% respectively. Across the full 8-year window we track, NACP has the edge at +16.11% annualized vs +14.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NACP has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.7% 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 -33.9% for IVV and -31.0% for NACP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.57% for NACP.
Holdings Overlap
58.0% of IVV's money is in holdings NACP also owns. 97.1% of NACP's money is in holdings IVV also owns.
Most of NACP is already inside IVV. Owning both mostly buys the same companies twice.
179 positions in common, counted across the 490 positions we hold weights for in IVV and 200 in NACP, against full books of 508 and 203.
What only one of them owns
Our book lists 19 positions for NACP that do not appear in our book for IVV (2.6% of the fund), and 303 for IVV that do not appear in NACP (40.7%).
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 NACP | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 5.30% | 2.77% |
| MSFTMicrosoft Corp | 5.69% | 5.89% | 0.20% |
| AMZNAmazon.Com Inc | 3.84% | 5.12% | 1.28% |
| GOOGLAlphabet Inc,class A | 3.00% | 4.33% | 1.33% |
| MUMicron Technology, Inc. | 1.63% | 4.86% | 3.23% |
| METAMeta Platforms Inc | 1.90% | 3.62% | 1.72% |
| TSLATesla Inc | 1.56% | 3.93% | 2.37% |
| AMDAdvanced Micro Devices Inc | 1.16% | 3.44% | 2.28% |
| JPMJpmorgan Chase | 1.44% | 2.40% | 0.96% |
| XOMExxon Mobil Corp. | 1.01% | 1.68% | 0.67% |
97.1% of NACP 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 NACP?
IVV has an expense ratio of 0.03% while NACP charges 0.49%. IVV is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, IVV or NACP?
Over the past year IVV returned +16.48% vs +28.79% for NACP, so NACP leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +14.08% vs +16.11% for NACP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NACP?
NACP has been the more volatile fund at 17.6% annualized versus 16.7% for IVV. Worst drawdown: IVV -33.9% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and NACP?
97.1% of NACP's money is in holdings IVV also owns. 97.1% of NACP's is in holdings IVV also owns. They hold 179 positions in common, counted across the 490 positions we hold weights for in IVV and 200 in NACP.
Which pays a higher dividend, IVV or NACP?
IVV yields 1.06% while NACP yields 0.57%, so IVV currently pays the higher dividend yield.
Is NACP better than IVV?
IVV has a lower expense ratio. NACP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.