IVV vs NUGO
iShares Core S&P 500 ETF vs Nuveen Growth Opportunities ETF
Which is better, IVV or NUGO?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 5Y and the full window, NUGO over 3Y. The two have moved almost in lockstep, correlation 0.93. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 60.9%.
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 | NUGO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $2.4B |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 46 |
| YTD Return | +11.57%Best | +6.99% |
| 1Y Return | +17.57%Best | +9.25% |
| 3Y Return (annualized) | +20.71% | +21.85%Best |
| 5Y Return (annualized) | +12.80%Best | +12.15% |
| Volatility (annualized) | 15.7%Best | 19.5% |
| Max Drawdown | -24.5%Best | -38.0% |
| $10,000 over 5 years | $18,262Best | $17,742 |
| Top 10 Weight | 37.9%Best | 60.9% |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Sep 27, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2021 to Sep 10, 2026 (5 years).
IVV vs NUGO 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 years both funds cover.
IVV vs NUGO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year IVV returned +17.57% while NUGO returned +9.25%. Year to date, IVV is up 11.57% versus a gain of 6.99% for NUGO.
Over three years, IVV compounded at +20.71% per year against +21.85% for NUGO; over five years the annualized figures are +12.80% and +12.15% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGO has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 15.7% 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 -24.5% for IVV and -38.0% for NUGO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 NUGO charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for NUGO.
Holdings Overlap
48.2% of IVV's money is in holdings NUGO also owns. 96.9% of NUGO's money is in holdings IVV also owns.
Most of NUGO is already inside IVV. Owning both mostly buys the same companies twice.
41 positions in common, counted across the 505 positions we hold weights for in IVV and 45 in NUGO, against full books of 508 and 46.
What only one of them owns
Measured across the 505 and 45 positions we hold weights for.
IVV holds 454 positions NUGO does not, 51.2% of the fund.
Largest: GOOG 2.56%, JPM 1.45%, BRK.B 1.43%, XOM 0.94%, V 0.92%
Top Shared Holdings
| Stock | Weight in IVV | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 15.20% | 7.22% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 10.71% | 7.52% |
| AAPLApple, Inc | 6.86% | 6.54% | 0.32% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 7.14% | 1.70% |
| AVGOBroadcom Inc | 2.98% | 7.07% | 4.09% |
| AMZNAmazon.Com Inc | 4.01% | 2.13% | 1.88% |
| LLYEli Lilly & Co. | 1.39% | 3.93% | 2.54% |
| MAMastercard Inc | 0.69% | 3.06% | 2.37% |
| MUMicron Technology, Inc. | 1.51% | 2.02% | 0.51% |
| AMDAdvanced Micro Devices Inc. | 1.18% | 2.34% | 1.16% |
96.9% of NUGO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IVV or NUGO?
IVV has an expense ratio of 0.03% while NUGO charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or NUGO?
Over the past year IVV returned +17.57% vs +9.25% for NUGO, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NUGO?
NUGO has been the more volatile fund at 19.5% annualized versus 15.7% for IVV. Worst drawdown: IVV -24.5% vs NUGO -38.0%.
Should I hold both IVV and NUGO?
IVV and NUGO have a monthly-return correlation of 0.93, 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.
What is the holdings overlap between IVV and NUGO?
96.9% of NUGO's money is in holdings IVV also owns. 96.9% of NUGO's is in holdings IVV also owns. They hold 41 positions in common, counted across the 505 positions we hold weights for in IVV and 45 in NUGO.
Which pays a higher dividend, IVV or NUGO?
IVV yields 1.06% while NUGO yields 0.00%, so IVV currently pays the higher dividend yield.
Is NUGO better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 5Y and the full window, NUGO over 3Y. The two have moved almost in lockstep, correlation 0.93. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 60.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.