IVV vs NNY
iShares Core S&P 500 ETF vs Nuveen New York Municipal Value Fund Inc.
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NNY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | - | |
| AUM | $907.0B | - | |
| Dividend Yield | 1.10% | 4.05% | |
| Holdings | 508 | 134 | |
| YTD Return | +12.28% | -1.66% | |
| 1Y Return | +20.94% | +6.19% | |
| 3Y Return (annualized) | +21.81% | +3.31% | |
| 5Y Return (annualized) | +13.05% | -0.66% | |
| Volatility (annualized) | 15.1% | 8.5% | |
| Max Drawdown | -56.5% | -40.0% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 7, 1987 |
IVV vs NNY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen New York Municipal Value Fund Inc. (NNY) is a ETF from Nuveen. Over the past year IVV returned +20.94% while NNY returned +6.19%. Year to date, IVV is up 12.28% versus a loss of 1.66% for NNY.
Over three years, IVV compounded at +21.81% per year against +3.31% for NNY; over five years the annualized figures are +13.05% and -0.66% respectively. Across the full 26-year window we track, IVV has the edge at +6.98% annualized vs -0.28%. 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 8.5% for NNY. 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 -40.0% for NNY. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
IVV and NNY share 0 holdings out of 577 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, IVV or NNY?
Over the past year IVV returned +20.94% vs +6.19% for NNY, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs -0.28% for NNY. Past performance does not guarantee future results.
Which is riskier, IVV or NNY?
IVV has been the more volatile fund at 15.1% annualized versus 8.5% for NNY. Worst drawdown: IVV -56.5% vs NNY -40.0%.
Should I hold both IVV and NNY?
IVV and NNY have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NNY?
IVV and NNY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, IVV or NNY?
IVV yields 1.10% while NNY yields 4.05%, so NNY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.