IVV vs NVD
iShares Core S&P 500 ETF vs GraniteShares 2x Short NVDA Daily ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NVD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.35% | |
| AUM | $865.2B | $68M | |
| Dividend Yield | 1.09% | 16.25% | |
| Holdings | 508 | 1 | |
| YTD Return | +14.50% | -43.98% | |
| 1Y Return | +22.02% | -53.32% | |
| 3Y Return (annualized) | +21.80% | -79.22% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 61.7% | |
| Max Drawdown | -56.5% | -99.2% | |
| Fund Family | iShares by BlackRock (US) | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 21, 2023 |
IVV vs NVD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and GraniteShares 2x Short NVDA Daily ETF (NVD) is a ETF from GraniteShares. Over the past year IVV returned +22.02% while NVD returned -53.32%. Year to date, IVV is up 14.50% versus a loss of 43.98% for NVD.
Over three years, IVV compounded at +21.80% per year against -79.22% for NVD. Across the full 3-year window we track, IVV has the edge at +7.07% annualized vs -79.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVD has been the more volatile fund, with annualized monthly volatility of 61.7% 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 -99.2% for NVD. 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 -0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NVD charges 1.35%. On a $10,000 position that is $3 vs $135 annually, a gap of $132 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 16.25% for NVD.
Holdings Overlap
IVV and NVD share 1 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NVD | Difference |
|---|---|---|---|
| NVDA | 7.76% | -200.53% | 208.29% |
Frequently Asked Questions
Which is cheaper, IVV or NVD?
IVV has an expense ratio of 0.03% while NVD charges 1.35%. IVV is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, IVV or NVD?
Over the past year IVV returned +22.02% vs -53.32% for NVD, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.07% vs -79.22% for NVD. Past performance does not guarantee future results.
Which is riskier, IVV or NVD?
NVD has been the more volatile fund at 61.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NVD -99.2%.
Should I hold both IVV and NVD?
IVV and NVD have a monthly-return correlation of -0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NVD?
IVV and NVD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IVV or NVD?
IVV yields 1.09% while NVD yields 16.25%, so NVD currently pays the higher dividend yield.
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