IVV vs NBB
iShares Core S&P 500 ETF vs Nuveen Taxable Municipal Income Fund
Which is better, IVV or NBB?
Large Cap Blend against Municipal Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | NBB |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.10% |
| AUM | $876.4B | - |
| Dividend Yield | 1.06% | 7.37% |
| Holdings | 508 | 155 |
| YTD Return | +12.27%Best | -0.67% |
| 1Y Return | +17.04%Best | -0.34% |
| 3Y Return (annualized) | +21.24%Best | +8.22% |
| 5Y Return (annualized) | +13.08%Best | -1.83% |
| Volatility (annualized) | 14.5% | 11.1%Best |
| Max Drawdown | -33.9% | -33.5%Best |
| $10,000 over 5 years | $18,490Best | $9,118 |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Apr 28, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 28, 2010 to Sep 17, 2026 (16.4 years).
IVV vs NBB 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs NBB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen Taxable Municipal Income Fund (NBB) is an ETF from Nuveen. Over the past year IVV returned +17.04% while NBB returned -0.34%. Year to date, IVV is up 12.27% versus a loss of 0.67% for NBB.
Over three years, IVV compounded at +21.24% per year against +8.22% for NBB; over five years the annualized figures are +13.08% and -1.83% respectively. Across the full 16-year window we track, IVV has the edge at +12.52% annualized vs +0.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% 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 -33.9% for IVV and -33.5% for NBB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
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 1.06% against 7.37% for NBB.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 2 in NBB, totalling 99.3% and 0.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 92 days apart, IVV as of Aug 31, 2026 and NBB as of May 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 2 in NBB, against full books of 508 and 155.
You are not choosing between two funds in isolation.
Whichever of IVV and NBB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $207 a year on a $10,000 investment.
Which performed better, IVV or NBB?
Over the past year IVV returned +17.04% vs -0.34% for NBB, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +12.52% vs +0.61% for NBB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NBB?
IVV has been the more volatile fund at 14.5% annualized versus 11.1% for NBB. Worst drawdown: IVV -33.9% vs NBB -33.5%.
Should I hold both IVV and NBB?
IVV and NBB have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or NBB?
IVV yields 1.06% while NBB yields 7.37%, so NBB currently pays the higher dividend yield.
Is NBB better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.