IVV vs NULV
iShares Core S&P 500 ETF vs Nuveen ESG Large-Cap Value ETF
Quick Verdict
IVV has a lower expense ratio. NULV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NULV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.26% | |
| AUM | $907.0B | $2.3B | |
| Dividend Yield | 1.10% | 1.43% | |
| Holdings | 508 | 102 | |
| YTD Return | +13.22% | +17.66% | |
| 1Y Return | +21.62% | +26.41% | |
| 3Y Return (annualized) | +22.17% | +17.85% | |
| 5Y Return (annualized) | +13.42% | +9.61% | |
| Volatility (annualized) | 15.1% | 15.5% | |
| Max Drawdown | -56.5% | -37.0% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 13, 2016 |
IVV vs NULV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen ESG Large-Cap Value ETF (NULV) is a ETF from Nuveen. Over the past year IVV returned +21.62% while NULV returned +26.41%. Year to date, IVV is up 13.22% versus a gain of 17.66% for NULV.
Over three years, IVV compounded at +22.17% per year against +17.85% for NULV; over five years the annualized figures are +13.42% and +9.61% respectively. Across the full 10-year window we track, NULV has the edge at +10.47% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NULV has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -37.0% for NULV. 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 0.91. 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 NULV charges 0.26%. On a $10,000 position that is $3 vs $26 annually, a gap of $23 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.43% for NULV.
Holdings Overlap
IVV and NULV share 91 holdings out of 515 unique holdings combined, representing a 19.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NULV?
IVV has an expense ratio of 0.03% while NULV charges 0.26%. IVV is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, IVV or NULV?
Over the past year IVV returned +21.62% vs +26.41% for NULV, so NULV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.02% vs +10.47% for NULV. Past performance does not guarantee future results.
Which is riskier, IVV or NULV?
NULV has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NULV -37.0%.
Should I hold both IVV and NULV?
IVV and NULV have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and NULV?
IVV and NULV share 91 common holdings with a 19.8% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or NULV?
IVV yields 1.10% while NULV yields 1.43%, so NULV currently pays the higher dividend yield.
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