IVV vs NDVG
iShares Core S&P 500 ETF vs Nuveen Dividend Growth ETF
Which is better, IVV or NDVG?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 43.3%.
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 | NDVG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.65% |
| AUM | $886.7B | $13M |
| Dividend Yield | 1.10% | 1.09% |
| Holdings | 508 | 43 |
| Volatility (annualized) | 15.7% | 14.1%Best |
| Max Drawdown | -24.5% | -19.7%Best |
| $10,000 over 4.7 years | $16,016Best | $14,252 |
| Top 10 Weight | 37.9%Best | 43.3% |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 151 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 4, 2026 and NDVG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Aug 5, 2021 to Apr 6, 2026 (4.7 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -24.5% for IVV and -19.7% for NDVG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.10% against 1.09% for NDVG.
Holdings Overlap
27.2% of IVV's money is in holdings NDVG also owns. 91.8% of NDVG's money is in holdings IVV also owns.
Most of NDVG is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 217 days apart, IVV as of Aug 5, 2026 and NDVG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
39 positions in common, counted across the 505 positions we hold weights for in IVV and 41 in NDVG, against full books of 508 and 43.
What only one of them owns
Our book lists 0 positions for NDVG that do not appear in our book for IVV (0.0% of the fund), and 461 for IVV that do not appear in NDVG (72.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NDVG | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.86% | 6.70% | 0.16% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 7.90% | 2.46% |
| AVGOBroadcom Inc | 2.98% | 5.85% | 2.87% |
| JPMJpmorgan Chase | 1.45% | 4.24% | 2.79% |
| APHAmphenol Corp. Class A | 0.32% | 3.60% | 3.28% |
| AXPAmerican Express Co. | 0.28% | 3.36% | 3.08% |
| METAMeta Platform Inc | 1.94% | 1.51% | 0.43% |
| MAMastercard Inc | 0.69% | 2.76% | 2.07% |
| ABBVAbbvie Inc. | 0.65% | 2.57% | 1.92% |
| NEENextera Energy Inc | 0.27% | 2.68% | 2.41% |
91.8% of NDVG is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $62 a year on a $10,000 investment.
Which is riskier, IVV or NDVG?
IVV has been the more volatile fund at 15.7% annualized versus 14.1% for NDVG. Worst drawdown: IVV -24.5% vs NDVG -19.7%.
Should I hold both IVV and NDVG?
IVV and NDVG have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and NDVG?
91.8% of NDVG's money is in holdings IVV also owns. 91.8% of NDVG's is in holdings IVV also owns. They hold 39 positions in common, counted across the 505 positions we hold weights for in IVV and 41 in NDVG.
Which pays a higher dividend, IVV or NDVG?
IVV yields 1.10% while NDVG yields 1.09%, so IVV currently pays the higher dividend yield.
Is NDVG better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.