IVV vs NLSI
iShares Core S&P 500 ETF vs NEOS Long/Short Equity Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NLSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.89% | |
| AUM | $907.0B | $3M | |
| Dividend Yield | 1.10% | 3.71% | |
| Holdings | 508 | 67 | |
| YTD Return | +12.28% | +11.96% | |
| 1Y Return | +20.94% | - | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -15.0% | |
| Fund Family | iShares by BlackRock (US) | NEOS | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 10, 2025 |
IVV vs NLSI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NEOS Long/Short Equity Income ETF (NLSI) is a ETF from NEOS. Year to date, IVV is up 12.28% versus a gain of 11.96% for NLSI.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -15.0% for NLSI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while NLSI charges 2.89%. On a $10,000 position that is $3 vs $289 annually, a gap of $286 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.71% for NLSI.
Holdings Overlap
IVV and NLSI share 57 holdings out of 508 unique holdings combined, representing a 9.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NLSI?
IVV has an expense ratio of 0.03% while NLSI charges 2.89%. IVV is the cheaper option. On a $10,000 investment, that is $286 per year of difference.
What is the holdings overlap between IVV and NLSI?
IVV and NLSI share 57 common holdings with a 9.1% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or NLSI?
IVV yields 1.10% while NLSI yields 3.71%, so NLSI currently pays the higher dividend yield.
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