IVV vs NDVG
iShares Core S&P 500 ETF vs Nuveen Dividend Growth ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NDVG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.65% | |
| AUM | $865.2B | $13M | |
| Dividend Yield | 1.09% | 1.09% | |
| Holdings | 508 | 43 | |
| YTD Return | +13.72% | -5.29% | |
| 1Y Return | +21.64% | +16.39% | |
| 3Y Return (annualized) | +21.55% | +11.65% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 14.1% | |
| Max Drawdown | -56.5% | -19.7% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 4, 2021 |
IVV vs NDVG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Dividend Growth ETF (NDVG) is a ETF from Nuveen. Over the past year IVV returned +21.64% while NDVG returned +16.39%. Year to date, IVV is up 13.72% versus a loss of 5.29% for NDVG.
Over three years, IVV compounded at +21.55% per year against +11.65% for NDVG. Across the full 5-year window we track, NDVG has the edge at +7.83% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.1% for NDVG. 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 -19.7% for NDVG. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NDVG 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 1.09% against 1.09% for NDVG.
Holdings Overlap
IVV and NDVG share 38 holdings out of 508 unique holdings combined, representing a 25.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NDVG?
IVV has an expense ratio of 0.03% while NDVG 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 NDVG?
Over the past year IVV returned +21.64% vs +16.39% for NDVG, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs +7.83% for NDVG. Past performance does not guarantee future results.
Which is riskier, IVV or NDVG?
IVV has been the more volatile fund at 15.1% annualized versus 14.1% for NDVG. Worst drawdown: IVV -56.5% vs NDVG -19.7%.
Should I hold both IVV and NDVG?
IVV and NDVG have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NDVG?
IVV and NDVG share 38 common holdings with a 25.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or NDVG?
IVV yields 1.09% while NDVG yields 1.09%, so NDVG currently pays the higher dividend yield.
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