IVV vs NDMO
iShares Core S&P 500 ETF vs Nuveen Dynamic Municipal Opportunities Fund
Which is better, IVV or NDMO?
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 | NDMO |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.92% |
| AUM | $876.4B | - |
| Dividend Yield | 1.06% | 7.27% |
| Holdings | 508 | 543 |
| YTD Return | +12.27%Best | -2.86% |
| 1Y Return | +17.04%Best | -3.70% |
| 3Y Return (annualized) | +21.24%Best | +4.66% |
| 5Y Return (annualized) | +13.08%Best | -3.79% |
| Volatility (annualized) | 15.4%Best | 18.3% |
| Max Drawdown | -24.5%Best | -42.5% |
| $10,000 over 5 years | $18,490Best | $8,243 |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Aug 26, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 27, 2020 to Sep 17, 2026 (6.1 years).
IVV vs NDMO 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 6.1 years both funds cover.
IVV vs NDMO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen Dynamic Municipal Opportunities Fund (NDMO) is an ETF from Nuveen. Over the past year IVV returned +17.04% while NDMO returned -3.70%. Year to date, IVV is up 12.27% versus a loss of 2.86% for NDMO.
Over three years, IVV compounded at +21.24% per year against +4.66% for NDMO; over five years the annualized figures are +13.08% and -3.79% respectively. Across the full 6-year window we track, IVV has the edge at +15.28% annualized vs -1.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NDMO has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 15.4% 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 -24.5% for IVV and -42.5% for NDMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while NDMO charges 2.92%. On a $10,000 position that is $3 vs $292 annually, a gap of $289 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.27% for NDMO.
You are not choosing between two funds in isolation.
Whichever of IVV and NDMO 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 NDMO?
IVV has an expense ratio of 0.03% while NDMO charges 2.92%. IVV is the cheaper option, by $289 a year on a $10,000 investment.
Which performed better, IVV or NDMO?
Over the past year IVV returned +17.04% vs -3.70% for NDMO, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.28% vs -1.48% for NDMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NDMO?
NDMO has been the more volatile fund at 18.3% annualized versus 15.4% for IVV. Worst drawdown: IVV -24.5% vs NDMO -42.5%.
Should I hold both IVV and NDMO?
IVV and NDMO have a monthly-return correlation of 0.60, 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 NDMO?
IVV yields 1.06% while NDMO yields 7.27%, so NDMO currently pays the higher dividend yield.
Is NDMO 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.