IVV vs NOVZ
iShares Core S&P 500 ETF vs TrueShares Structured Outcome November ETF
Which is better, IVV or NOVZ?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | NOVZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $37M |
| Dividend Yield | 1.06% | 3.29% |
| Holdings | 508 | 17 |
| YTD Return | +12.01%Best | +8.25% |
| 1Y Return | +16.48%Best | +7.40% |
| 3Y Return (annualized) | +21.21%Best | +14.04% |
| 5Y Return (annualized) | +12.95%Best | +9.69% |
| Volatility (annualized) | 15.0% | 11.6%Best |
| Max Drawdown | -24.5% | -16.6%Best |
| $10,000 over 5 years | $18,384Best | $15,879 |
| Fund Family | iShares by BlackRock (US) | TrueShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Oct 30, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 2, 2020 to Sep 14, 2026 (5.9 years).
IVV vs NOVZ 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 5.9 years both funds cover.
IVV vs NOVZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and TrueShares Structured Outcome November ETF (NOVZ) is an ETF from TrueShares. Over the past year IVV returned +16.48% while NOVZ returned +7.40%. Year to date, IVV is up 12.01% versus a gain of 8.25% for NOVZ.
Over three years, IVV compounded at +21.21% per year against +14.04% for NOVZ; over five years the annualized figures are +12.95% and +9.69% respectively. Across the full 6-year window we track, IVV has the edge at +16.84% annualized vs +12.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 11.6% for NOVZ. 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 -24.5% for IVV and -16.6% for NOVZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while NOVZ charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.29% for NOVZ.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in NOVZ, totalling 99.3% and 0.1% 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 1 in NOVZ, against full books of 508 and 17.
You are not choosing between two funds in isolation.
Whichever of IVV and NOVZ 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 is cheaper, IVV or NOVZ?
IVV has an expense ratio of 0.03% while NOVZ charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or NOVZ?
Over the past year IVV returned +16.48% vs +7.40% for NOVZ, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +16.84% vs +12.66% for NOVZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NOVZ?
IVV has been the more volatile fund at 15.0% annualized versus 11.6% for NOVZ. Worst drawdown: IVV -24.5% vs NOVZ -16.6%.
Should I hold both IVV and NOVZ?
IVV and NOVZ have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or NOVZ?
IVV yields 1.06% while NOVZ yields 3.29%, so NOVZ currently pays the higher dividend yield.
Is NOVZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.