IVV vs NBSM
iShares Core S&P 500 ETF vs Neuberger Berman Small-Mid Cap ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NBSM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.65% | |
| AUM | $907.0B | $119M | |
| Dividend Yield | 1.10% | 0.36% | |
| Holdings | 508 | 74 | |
| YTD Return | +13.22% | +15.94% | |
| 1Y Return | +21.62% | +14.38% | |
| 3Y Return (annualized) | +22.17% | - | |
| 5Y Return (annualized) | +13.42% | - | |
| Volatility (annualized) | 15.1% | 14.9% | |
| Max Drawdown | -56.5% | -25.2% | |
| Fund Family | iShares by BlackRock (US) | Neuberger Berman | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 20, 2024 |
IVV vs NBSM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Neuberger Berman Small-Mid Cap ETF (NBSM) is a ETF from Neuberger Berman. Over the past year IVV returned +21.62% while NBSM returned +14.38%. Year to date, IVV is up 13.22% versus a gain of 15.94% for NBSM.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.9% for NBSM. 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 -25.2% for NBSM. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NBSM charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.36% for NBSM.
Holdings Overlap
IVV and NBSM share 7 holdings out of 576 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NBSM?
IVV has an expense ratio of 0.03% while NBSM charges 0.65%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, IVV or NBSM?
Over the past year IVV returned +21.62% vs +14.38% for NBSM, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.02% vs +6.54% for NBSM. Past performance does not guarantee future results.
Which is riskier, IVV or NBSM?
IVV has been the more volatile fund at 15.1% annualized versus 14.9% for NBSM. Worst drawdown: IVV -56.5% vs NBSM -25.2%.
Should I hold both IVV and NBSM?
IVV and NBSM have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NBSM?
IVV and NBSM share 7 common holdings with a 0.2% weight overlap. Combined, they hold 576 unique securities.
Which pays a higher dividend, IVV or NBSM?
IVV yields 1.10% while NBSM yields 0.36%, so IVV currently pays the higher dividend yield.
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