IVV vs NPFI
iShares Core S&P 500 ETF vs Nuveen Preferred and Income ETF
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 | NPFI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.56% | |
| AUM | $865.2B | $171M | |
| Dividend Yield | 1.09% | 6.38% | |
| Holdings | 508 | 154 | |
| YTD Return | +13.43% | +1.63% | |
| 1Y Return | +22.61% | +5.03% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 3.3% | |
| Max Drawdown | -56.5% | -3.2% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Mar 5, 2024 |
IVV vs NPFI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Preferred and Income ETF (NPFI) is a ETF from Nuveen. Over the past year IVV returned +22.61% while NPFI returned +5.03%. Year to date, IVV is up 13.43% versus a gain of 1.63% for NPFI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.3% for NPFI. 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 -3.2% for NPFI. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NPFI charges 0.56%. On a $10,000 position that is $3 vs $56 annually, a gap of $53 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.38% for NPFI.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or NPFI?
IVV has an expense ratio of 0.03% while NPFI charges 0.56%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, IVV or NPFI?
Over the past year IVV returned +22.61% vs +5.03% for NPFI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +7.48% for NPFI. Past performance does not guarantee future results.
Which is riskier, IVV or NPFI?
IVV has been the more volatile fund at 15.1% annualized versus 3.3% for NPFI. Worst drawdown: IVV -56.5% vs NPFI -3.2%.
Should I hold both IVV and NPFI?
IVV and NPFI have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NPFI?
IVV and NPFI share 2 common holdings with a 0.4% weight overlap. Combined, they hold 621 unique securities.
Which pays a higher dividend, IVV or NPFI?
IVV yields 1.09% while NPFI yields 6.38%, so NPFI currently pays the higher dividend yield.
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