IVV vs NBCE
iShares Core S&P 500 ETF vs Neuberger Berman China Equity ETF
Quick Verdict
IVV has a lower expense ratio. NBCE delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NBCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $886.7B | $18M | |
| Dividend Yield | 1.10% | 1.15% | |
| Holdings | 508 | 78 | |
| YTD Return | +12.92% | +16.35% | |
| 1Y Return | +21.22% | +29.69% | |
| 3Y Return (annualized) | +20.95% | - | |
| 5Y Return (annualized) | +12.76% | - | |
| Volatility (annualized) | 15.1% | 23.0% | |
| Max Drawdown | -56.5% | -28.4% | |
| Fund Family | iShares by BlackRock (US) | Neuberger Berman | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 13, 2023 |
IVV vs NBCE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Neuberger Berman China Equity ETF (NBCE) is a ETF from Neuberger Berman. Over the past year IVV returned +21.22% while NBCE returned +29.69%. Year to date, IVV is up 12.92% versus a gain of 16.35% for NBCE.
Risk: Volatility and Drawdowns
NBCE has been the more volatile fund, with annualized monthly volatility of 23.0% 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 -28.4% for NBCE. 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NBCE charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.15% for NBCE.
Holdings Overlap
IVV and NBCE share 0 holdings out of 573 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 NBCE?
IVV has an expense ratio of 0.03% while NBCE charges 0.75%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or NBCE?
Over the past year IVV returned +21.22% vs +29.69% for NBCE, so NBCE leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +19.38% for NBCE. Past performance does not guarantee future results.
Which is riskier, IVV or NBCE?
NBCE has been the more volatile fund at 23.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NBCE -28.4%.
Should I hold both IVV and NBCE?
IVV and NBCE have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NBCE?
IVV and NBCE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 573 unique securities.
Which pays a higher dividend, IVV or NBCE?
IVV yields 1.10% while NBCE yields 1.15%, so NBCE currently pays the higher dividend yield.
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