IVV vs NBB
IVV vs NBB
iShares Core S&P 500 ETF vs Nuveen Taxable Municipal 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 | NBB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.10% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | 7.17% | |
| Holdings | 508 | 155 | |
| YTD Return | +13.80% | +1.85% | |
| 1Y Return | +23.70% | +3.82% | |
| 3Y Return (annualized) | +21.49% | +8.65% | |
| 5Y Return (annualized) | +13.43% | -1.20% | |
| Volatility (annualized) | 15.1% | 11.1% | |
| Max Drawdown | -56.5% | -33.5% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Apr 28, 2010 |
IVV vs NBB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Taxable Municipal Income Fund (NBB) is a ETF from Nuveen. Over the past year IVV returned +23.70% while NBB returned +3.82%. Year to date, IVV is up 13.80% versus a gain of 1.85% for NBB.
Over three years, IVV compounded at +21.49% per year against +8.65% for NBB; over five years the annualized figures are +13.43% and -1.20% respectively. Across the full 16-year window we track, IVV has the edge at +7.05% annualized vs +0.77%. 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 11.1% for NBB. 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 -33.5% for NBB. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NBB charges 2.10%. On a $10,000 position that is $3 vs $210 annually, a gap of $207 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.17% for NBB.
Holdings Overlap
IVV and NBB share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NBB?
IVV has an expense ratio of 0.03% while NBB charges 2.10%. IVV is the cheaper option. On a $10,000 investment, that is $207 per year of difference.
Which performed better, IVV or NBB?
Over the past year IVV returned +23.70% vs +3.82% for NBB, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.05% vs +0.77% for NBB. Past performance does not guarantee future results.
Which is riskier, IVV or NBB?
IVV has been the more volatile fund at 15.1% annualized versus 11.1% for NBB. Worst drawdown: IVV -56.5% vs NBB -33.5%.
Should I hold both IVV and NBB?
IVV and NBB have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NBB?
IVV and NBB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or NBB?
IVV yields 1.09% while NBB yields 7.17%, so NBB currently pays the higher dividend yield.
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