IVV vs NRK
iShares Core S&P 500 ETF vs Nuveen New York AMT-Free Quality Municipal Income Fund
Which is better, IVV or NRK?
Large Cap Blend against Municipal New York.
IVV led over 1Y, 3Y, 5Y and the full window.
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 | NRK |
|---|---|---|
| Expense Ratio | 0.03% | - |
| AUM | $876.4B | - |
| Dividend Yield | 1.06% | 7.94% |
| Holdings | 508 | 230 |
| YTD Return | +13.32%Best | +0.75% |
| 1Y Return | +17.08%Best | +2.83% |
| 3Y Return (annualized) | +22.72%Best | +7.47% |
| 5Y Return (annualized) | +13.20%Best | -1.38% |
| Volatility (annualized) | 14.5% | 12.2%Best |
| Max Drawdown | -56.5% | -46.4%Best |
| $10,000 over 5 years | $18,588Best | $9,329 |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal New York |
| Inception | May 15, 2000 | Nov 21, 2002 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 22, 2002 to Sep 23, 2026 (23.8 years).
IVV vs NRK 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 NRK Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) is an ETF from Nuveen. Over the past year IVV returned +17.08% while NRK returned +2.83%. Year to date, IVV is up 13.32% versus a gain of 0.75% for NRK.
Over three years, IVV compounded at +22.72% per year against +7.47% for NRK; over five years the annualized figures are +13.20% and -1.38% respectively. Across the full 24-year window we track, IVV has the edge at +9.62% annualized vs -0.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 12.2% for NRK. 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 -46.4% for NRK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 101 in NRK, totalling 99.3% and 77.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 184 days apart, IVV as of Aug 31, 2026 and NRK as of Feb 28, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in NRK, against full books of 508 and 230.
You are not choosing between two funds in isolation.
Whichever of IVV and NRK 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 performed better, IVV or NRK?
Over the past year IVV returned +17.08% vs +2.83% for NRK, so IVV leads on 1-year performance. Over the longest common window we track (24 years), IVV annualized +9.62% vs -0.50% for NRK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NRK?
IVV has been the more volatile fund at 14.5% annualized versus 12.2% for NRK. Worst drawdown: IVV -56.5% vs NRK -46.4%.
Should I hold both IVV and NRK?
IVV and NRK have a monthly-return correlation of 0.34, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or NRK?
IVV yields 1.06% while NRK yields 7.94%, so NRK currently pays the higher dividend yield.
Is NRK better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.