IVV vs NATO
iShares Core S&P 500 ETF vs Themes Transatlantic Defense ETF
Which is better, IVV or NATO?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 1Y, NATO over the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 61.7%.
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 | NATO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $882.6B | $93M |
| Dividend Yield | 1.06% | 0.43% |
| Holdings | 508 | 190 |
| YTD Return | +13.60%Best | -5.49% |
| 1Y Return | +16.32%Best | -6.19% |
| 3Y Return (annualized) | +23.81% | - |
| 5Y Return (annualized) | +14.03% | - |
| Volatility (annualized) | 12.5%Best | 19.5% |
| Max Drawdown | -18.8% | -16.9%Best |
| $10,000 over 2 years | $13,661 | $14,697Best |
| Top 10 Weight | 38.1%Best | 61.7% |
| Fund Family | iShares by BlackRock (US) | Themes ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Oct 10, 2024 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 11, 2024 to Oct 2, 2026 (2 years).
IVV vs NATO 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 2 years both funds cover.
IVV vs NATO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Themes Transatlantic Defense ETF (NATO) is an ETF from Themes ETFs. Over the past year IVV returned +16.32% while NATO returned -6.19%. Year to date, IVV is up 13.60% versus a loss of 5.49% for NATO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NATO has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 12.5% 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 -18.8% for IVV and -16.9% for NATO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while NATO charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.43% for NATO.
Holdings Overlap
2.1% of IVV's money is in holdings NATO also owns. 53.9% of NATO's money is in holdings IVV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 505 positions we hold weights for in IVV and 89 in NATO, against full books of 508 and 190.
What only one of them owns
Our book lists 46 positions for NATO that do not appear in our book for IVV (10.7% of the fund), and 483 for IVV that do not appear in NATO (97.1%).
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 NATO | Difference |
|---|---|---|---|
| RTXRaytheon Co. | 0.40% | 8.56% | 8.16% |
| GEGeneral Electric Co. | 0.51% | 7.62% | 7.11% |
| BABoeing Co | 0.25% | 7.84% | 7.59% |
| LMTLockheed Martin Corp | 0.16% | 4.82% | 4.66% |
| GDGeneral Dynamics Corp. | 0.14% | 4.05% | 3.91% |
| HWMHowmet Aerospace Inc. | 0.14% | 4.02% | 3.88% |
| NOCNorthrop Grumman Corp. | 0.10% | 3.81% | 3.71% |
| HONHoneywell International Inc | 0.10% | 3.25% | 3.15% |
| TDGTransdigm Group Inc. | 0.10% | 3.10% | 3.00% |
| LHXL3Harris Technologies Inc. | 0.07% | 2.35% | 2.28% |
53.9% of NATO 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 NATO?
IVV has an expense ratio of 0.03% while NATO charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or NATO?
Over the past year IVV returned +16.32% vs -6.19% for NATO, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +16.88% vs +21.23% for NATO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NATO?
NATO has been the more volatile fund at 19.5% annualized versus 12.5% for IVV. Worst drawdown: IVV -18.8% vs NATO -16.9%.
Should I hold both IVV and NATO?
IVV and NATO have a monthly-return correlation of 0.45, 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 NATO?
53.9% of NATO's money is in holdings IVV also owns. 53.9% of NATO's is in holdings IVV also owns. They hold 14 positions in common, counted across the 505 positions we hold weights for in IVV and 89 in NATO.
Which pays a higher dividend, IVV or NATO?
IVV yields 1.06% while NATO yields 0.43%, so IVV currently pays the higher dividend yield.
Is NATO better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, NATO over the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 61.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.