IVV vs NMS
iShares Core S&P 500 ETF vs Nuveen Minnesota Quality Municipal Income Fund
Which is better, IVV or NMS?
Large Cap Blend against Municipal Minnesota.
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 | NMS |
|---|---|---|
| Expense Ratio | 0.03% | - |
| AUM | $876.4B | - |
| Dividend Yield | 1.06% | 7.00% |
| Holdings | 508 | 145 |
| YTD Return | +12.39%Best | -8.57% |
| 1Y Return | +16.61%Best | -8.28% |
| 3Y Return (annualized) | +21.38%Best | +6.31% |
| 5Y Return (annualized) | +13.51%Best | -3.63% |
| Volatility (annualized) | 14.9% | 13.4%Best |
| Max Drawdown | -33.9%Best | -41.8% |
| $10,000 over 5 years | $18,844Best | $8,312 |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Minnesota |
| Inception | May 15, 2000 | Jun 25, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 8, 2014 to Sep 18, 2026 (11.9 years).
IVV vs NMS 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 11.9 years both funds cover.
IVV vs NMS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen Minnesota Quality Municipal Income Fund (NMS) is an ETF from Nuveen. Over the past year IVV returned +16.61% while NMS returned -8.28%. Year to date, IVV is up 12.39% versus a loss of 8.57% for NMS.
Over three years, IVV compounded at +21.38% per year against +6.31% for NMS; over five years the annualized figures are +13.51% and -3.63% respectively. Across the full 12-year window we track, IVV has the edge at +12.73% annualized vs -0.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 13.4% for NMS. 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 -33.9% for IVV and -41.8% for NMS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 15 in NMS, totalling 99.3% and 13.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 15 in NMS, against full books of 508 and 145.
You are not choosing between two funds in isolation.
Whichever of IVV and NMS 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 performed better, IVV or NMS?
Over the past year IVV returned +16.61% vs -8.28% for NMS, so IVV leads on 1-year performance. Over the longest common window we track (12 years), IVV annualized +12.73% vs -0.69% for NMS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NMS?
IVV has been the more volatile fund at 14.9% annualized versus 13.4% for NMS. Worst drawdown: IVV -33.9% vs NMS -41.8%.
Should I hold both IVV and NMS?
IVV and NMS have a monthly-return correlation of 0.33, 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 NMS?
IVV yields 1.06% while NMS yields 7.00%, so NMS currently pays the higher dividend yield.
Is NMS better than IVV?
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.