IVV vs NCLO
iShares Core S&P 500 ETF vs Nuveen AA-BBB CLO ETF
Which is better, IVV or NCLO?
Large Cap Blend against Bank Loan.
IVV has a lower expense ratio. IVV led over 1Y 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 | NCLO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.26% |
| AUM | $876.4B | $154M |
| Dividend Yield | 1.06% | 5.73% |
| Holdings | 508 | 103 |
| YTD Return | +11.57%Best | +3.82% |
| 1Y Return | +17.57%Best | +5.74% |
| 3Y Return (annualized) | +20.71% | - |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 12.7% | 1.2%Best |
| Max Drawdown | -18.8% | -3.0%Best |
| $10,000 over 1.7 years | $12,661Best | $10,971 |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Bank Loan |
| Inception | May 15, 2000 | Dec 10, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 11, 2024 to Sep 10, 2026 (1.7 years).
IVV vs NCLO 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 1.7 years both funds cover.
IVV vs NCLO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen AA-BBB CLO ETF (NCLO) is an ETF from Nuveen. Over the past year IVV returned +17.57% while NCLO returned +5.74%. Year to date, IVV is up 11.57% versus a gain of 3.82% for NCLO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 1.2% for NCLO. 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 -3.0% for NCLO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NCLO charges 0.26%. On a $10,000 position that is $3 vs $26 annually, a gap of $23 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.73% for NCLO.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 2 in NCLO, totalling 100.0% and 1.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 2 in NCLO, against full books of 508 and 103.
You are not choosing between two funds in isolation.
Whichever of IVV and NCLO 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 NCLO?
IVV has an expense ratio of 0.03% while NCLO charges 0.26%. IVV is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, IVV or NCLO?
Over the past year IVV returned +17.57% vs +5.74% for NCLO, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +14.89% vs +5.60% for NCLO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NCLO?
IVV has been the more volatile fund at 12.7% annualized versus 1.2% for NCLO. Worst drawdown: IVV -18.8% vs NCLO -3.0%.
Should I hold both IVV and NCLO?
IVV and NCLO have a monthly-return correlation of 0.74, 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 NCLO?
IVV yields 1.06% while NCLO yields 5.73%, so NCLO currently pays the higher dividend yield.
Is NCLO better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.