IVV vs NHYM
iShares Core S&P 500 ETF vs Nuveen High Yield Municipal Income 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 | NHYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $137M | |
| Dividend Yield | 1.10% | 4.58% | |
| Holdings | 508 | 263 | |
| YTD Return | +12.71% | +1.66% | |
| 1Y Return | +21.89% | +8.80% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 5.5% | |
| Max Drawdown | -56.5% | -6.1% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 22, 2025 |
IVV vs NHYM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen High Yield Municipal Income ETF (NHYM) is a ETF from Nuveen. Over the past year IVV returned +21.89% while NHYM returned +8.80%. Year to date, IVV is up 12.71% versus a gain of 1.66% for NHYM.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.5% for NHYM. 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 -6.1% for NHYM. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NHYM charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.58% for NHYM.
Holdings Overlap
IVV and NHYM share 0 holdings out of 610 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NHYM?
IVV has an expense ratio of 0.03% while NHYM charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or NHYM?
Over the past year IVV returned +21.89% vs +8.80% for NHYM, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +3.29% for NHYM. Past performance does not guarantee future results.
Which is riskier, IVV or NHYM?
IVV has been the more volatile fund at 15.1% annualized versus 5.5% for NHYM. Worst drawdown: IVV -56.5% vs NHYM -6.1%.
Should I hold both IVV and NHYM?
IVV and NHYM have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NHYM?
IVV and NHYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 610 unique securities.
Which pays a higher dividend, IVV or NHYM?
IVV yields 1.10% while NHYM yields 4.58%, so NHYM currently pays the higher dividend yield.
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