IVV vs NUMI
iShares Core S&P 500 ETF vs Nuveen Municipal Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NUMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $907.0B | $85M | |
| Dividend Yield | 1.10% | 3.68% | |
| Holdings | 508 | 275 | |
| YTD Return | +12.71% | +0.28% | |
| 1Y Return | +21.89% | +5.72% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -4.7% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jan 22, 2025 |
IVV vs NUMI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Municipal Income ETF (NUMI) is a ETF from Nuveen. Over the past year IVV returned +21.89% while NUMI returned +5.72%. Year to date, IVV is up 12.71% versus a gain of 0.28% for NUMI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.5% for NUMI. 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 -4.7% for NUMI. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NUMI charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.68% for NUMI.
Holdings Overlap
IVV and NUMI share 0 holdings out of 617 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NUMI?
IVV has an expense ratio of 0.03% while NUMI charges 0.30%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, IVV or NUMI?
Over the past year IVV returned +21.89% vs +5.72% for NUMI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +2.71% for NUMI. Past performance does not guarantee future results.
Which is riskier, IVV or NUMI?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for NUMI. Worst drawdown: IVV -56.5% vs NUMI -4.7%.
Should I hold both IVV and NUMI?
IVV and NUMI have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NUMI?
IVV and NUMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 617 unique securities.
Which pays a higher dividend, IVV or NUMI?
IVV yields 1.10% while NUMI yields 3.68%, so NUMI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.