IVV vs NUMV
iShares Core S&P 500 ETF vs Nuveen ESG Mid-Cap Value ETF
Which is better, IVV or NUMV?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. NUMV is less concentrated, with 20.9% of the fund in its ten largest positions against 37.8%.
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 | NUMV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.31% |
| AUM | $876.4B | $446M |
| Dividend Yield | 1.06% | 1.34% |
| Holdings | 508 | 95 |
| YTD Return | +12.39%Best | +10.08% |
| 1Y Return | +16.61%Best | +14.64% |
| 3Y Return (annualized) | +21.38%Best | +15.99% |
| 5Y Return (annualized) | +13.51%Best | +7.38% |
| Volatility (annualized) | 15.6%Best | 18.4% |
| Max Drawdown | -33.9%Best | -44.0% |
| $10,000 over 5 years | $18,844Best | $14,276 |
| Top 10 Weight | 37.8% | 20.9%Best |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Dec 13, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2016 to Sep 18, 2026 (9.8 years).
IVV vs NUMV 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 9.8 years both funds cover.
IVV vs NUMV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nuveen ESG Mid-Cap Value ETF (NUMV) is an ETF from Nuveen. Over the past year IVV returned +16.61% while NUMV returned +14.64%. Year to date, IVV is up 12.39% versus a gain of 10.08% for NUMV.
Over three years, IVV compounded at +21.38% per year against +15.99% for NUMV; over five years the annualized figures are +13.51% and +7.38% respectively. Across the full 10-year window we track, IVV has the edge at +14.16% annualized vs +8.68%.
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 15.6% 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 -33.9% for IVV and -44.0% for NUMV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 1.34% for NUMV.
Holdings Overlap
3.5% of IVV's money is in holdings NUMV also owns. 89.4% of NUMV's money is in holdings IVV also owns.
Most of NUMV is already inside IVV. Owning both mostly buys the same companies twice.
77 positions in common, counted across the 490 positions we hold weights for in IVV and 88 in NUMV, against full books of 508 and 95.
What only one of them owns
Our book lists 10 positions for NUMV that do not appear in our book for IVV (8.7% of the fund), and 406 for IVV that do not appear in NUMV (95.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NUMV | Difference |
|---|---|---|---|
| CAHCardinal Health Inc. | 0.08% | 2.34% | 2.26% |
| STTState Street Corp. | 0.08% | 2.22% | 2.14% |
| URIUnited Rentals Inc. | 0.10% | 2.19% | 2.09% |
| BKRBaker Hughes Co | 0.10% | 2.15% | 2.05% |
| EQRVivmark Residential | 0.07% | 2.10% | 2.03% |
| ADMArcher-Daniels-Midland Co. | 0.06% | 2.06% | 2.00% |
| HPEHewlett Packard Enterprise Co | 0.10% | 1.96% | 1.86% |
| PRUPrudential Financial Inc | 0.06% | 1.97% | 1.91% |
| EDConsolidated Edison Inc | 0.06% | 1.96% | 1.90% |
| SYYSysco Corp | 0.06% | 1.94% | 1.88% |
89.4% of NUMV 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.
Free for up to 10 holdings. No account needed.
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, by $28 a year on a $10,000 investment.
Which performed better, IVV or NUMV?
Over the past year IVV returned +16.61% vs +14.64% for NUMV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +14.16% vs +8.68% for NUMV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NUMV?
NUMV has been the more volatile fund at 18.4% annualized versus 15.6% for IVV. Worst drawdown: IVV -33.9% vs NUMV -44.0%.
Should I hold both IVV and NUMV?
IVV and NUMV have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and NUMV?
89.4% of NUMV's money is in holdings IVV also owns. 89.4% of NUMV's is in holdings IVV also owns. They hold 77 positions in common, counted across the 490 positions we hold weights for in IVV and 88 in NUMV.
Which pays a higher dividend, IVV or NUMV?
IVV yields 1.06% while NUMV yields 1.34%, so NUMV currently pays the higher dividend yield.
Is NUMV better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. NUMV is less concentrated, with 20.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.