IVV vs NUMV
iShares Core S&P 500 ETF vs Nuveen ESG Mid-Cap Value ETF
Quick Verdict
IVV has a lower expense ratio. NUMV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NUMV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.31% | |
| AUM | $865.2B | $445M | |
| Dividend Yield | 1.09% | 1.44% | |
| Holdings | 508 | 95 | |
| YTD Return | +13.80% | +15.58% | |
| 1Y Return | +23.70% | +25.70% | |
| 3Y Return (annualized) | +21.49% | +16.41% | |
| 5Y Return (annualized) | +13.43% | +7.97% | |
| Volatility (annualized) | 15.1% | 18.4% | |
| Max Drawdown | -56.5% | -44.0% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 13, 2016 |
IVV vs NUMV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen ESG Mid-Cap Value ETF (NUMV) is a ETF from Nuveen. Over the past year IVV returned +23.70% while NUMV returned +25.70%. Year to date, IVV is up 13.80% versus a gain of 15.58% for NUMV.
Over three years, IVV compounded at +21.49% per year against +16.41% for NUMV; over five years the annualized figures are +13.43% and +7.97% respectively. Across the full 10-year window we track, NUMV has the edge at +9.34% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUMV has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -44.0% for NUMV. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NUMV charges 0.31%. On a $10,000 position that is $3 vs $31 annually, a gap of $28 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.44% for NUMV.
Holdings Overlap
IVV and NUMV share 83 holdings out of 516 unique holdings combined, representing a 3.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NUMV?
IVV has an expense ratio of 0.03% while NUMV charges 0.31%. IVV is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, IVV or NUMV?
Over the past year IVV returned +23.70% vs +25.70% for NUMV, so NUMV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.05% vs +9.34% for NUMV. Past performance does not guarantee future results.
Which is riskier, IVV or NUMV?
NUMV has been the more volatile fund at 18.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NUMV -44.0%.
Should I hold both IVV and NUMV?
IVV and NUMV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NUMV?
IVV and NUMV share 83 common holdings with a 3.4% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or NUMV?
IVV yields 1.09% while NUMV yields 1.44%, so NUMV currently pays the higher dividend yield.
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