IVV vs NOEQ
iShares Core S&P 500 ETF vs Northern Trust US Equity ETF
Which is better, IVV or NOEQ?
IVV costs less.
IVV has a lower expense ratio. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 61.4%.
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 | NOEQ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.12% |
| AUM | $876.4B | $939M |
| Dividend Yield | 1.06% | 0.17% |
| Holdings | 508 | 408 |
| YTD Return | +12.51% | +17.01%Best |
| 1Y Return | +17.57% | - |
| 3Y Return (annualized) | +21.27% | - |
| 5Y Return (annualized) | +12.95% | - |
| Top 10 Weight | 37.9%Best | 61.4% |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Mar 20, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs NOEQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs NOEQ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management. Year to date, IVV is up 12.51% versus a gain of 17.01% for NOEQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while NOEQ charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.17% for NOEQ.
Holdings Overlap
84.3% of IVV's money is in holdings NOEQ also owns. 62.5% of NOEQ's money is in holdings IVV also owns.
Most of IVV is already inside NOEQ. Owning both mostly buys the same companies twice.
264 positions in common, counted across the 505 positions we hold weights for in IVV and 399 in NOEQ, against full books of 508 and 408.
What only one of them owns
Our book lists 69 positions for NOEQ that do not appear in our book for IVV (35.6% of the fund), and 233 for IVV that do not appear in NOEQ (15.4%).
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 NOEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 3.43% | 4.55% |
| AAPLApple, Inc | 6.86% | 2.71% | 4.15% |
| GOOGAlphabet Inc | 2.56% | 6.36% | 3.80% |
| AMZNAmazon.Com Inc | 4.01% | 4.62% | 0.61% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 2.09% | 3.35% |
| JNJJohnson & Johnson | 0.93% | 4.03% | 3.10% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 0.94% | 3.99% | 3.05% |
| LLYEli Lilly & Co. | 1.39% | 3.52% | 2.13% |
| CVXChevron Corp. | 0.52% | 3.76% | 3.24% |
| AVGOBroadcom Inc | 2.98% | 1.17% | 1.81% |
84.3% of IVV is already inside NOEQ.
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 NOEQ?
IVV has an expense ratio of 0.03% while NOEQ charges 0.12%. IVV is the cheaper option, by $9 a year on a $10,000 investment.
What is the holdings overlap between IVV and NOEQ?
84.3% of IVV's money is in holdings NOEQ also owns. 62.5% of NOEQ's is in holdings IVV also owns. They hold 264 positions in common, counted across the 505 positions we hold weights for in IVV and 399 in NOEQ.
Which pays a higher dividend, IVV or NOEQ?
IVV yields 1.06% while NOEQ yields 0.17%, so IVV currently pays the higher dividend yield.
Is NOEQ better than IVV?
IVV has a lower expense ratio. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 61.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.