IVV vs NPCT
iShares Core S&P 500 ETF vs Nuveen Core Plus Impact Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NPCT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.38% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | 11.27% | |
| Holdings | 508 | 131 | |
| YTD Return | +13.43% | +3.13% | |
| 1Y Return | +22.61% | +0.53% | |
| 3Y Return (annualized) | +21.47% | +11.99% | |
| 5Y Return (annualized) | +13.26% | -3.13% | |
| Volatility (annualized) | 15.1% | 16.8% | |
| Max Drawdown | -56.5% | -46.8% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 27, 2021 |
IVV vs NPCT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Core Plus Impact Fund (NPCT) is a ETF from Nuveen. Over the past year IVV returned +22.61% while NPCT returned +0.53%. Year to date, IVV is up 13.43% versus a gain of 3.13% for NPCT.
Over three years, IVV compounded at +21.47% per year against +11.99% for NPCT; over five years the annualized figures are +13.26% and -3.13% respectively. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs -3.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NPCT has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 15.1% for IVV. 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 -46.8% for NPCT. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NPCT charges 1.38%. On a $10,000 position that is $3 vs $138 annually, a gap of $135 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 11.27% for NPCT.
Holdings Overlap
IVV and NPCT share 1 holdings out of 510 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NPCT | Difference |
|---|---|---|---|
| JPM:US | 1.43% | 0.64% | 0.79% |
Frequently Asked Questions
Which is cheaper, IVV or NPCT?
IVV has an expense ratio of 0.03% while NPCT charges 1.38%. IVV is the cheaper option. On a $10,000 investment, that is $135 per year of difference.
Which performed better, IVV or NPCT?
Over the past year IVV returned +22.61% vs +0.53% for NPCT, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.03% vs -3.02% for NPCT. Past performance does not guarantee future results.
Which is riskier, IVV or NPCT?
NPCT has been the more volatile fund at 16.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NPCT -46.8%.
Should I hold both IVV and NPCT?
IVV and NPCT have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NPCT?
IVV and NPCT share 1 common holdings with a 0.6% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, IVV or NPCT?
IVV yields 1.09% while NPCT yields 11.27%, so NPCT currently pays the higher dividend yield.
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