IVV vs NVIR
iShares Core S&P 500 ETF vs Horizon Kinetics Energy Remediation ETF
Which is better, IVV or NVIR?
Large Cap Blend against Energy.
IVV has a lower expense ratio. IVV led over 3Y and the full window, NVIR over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.8%.
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 | NVIR |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.85% |
| AUM | $876.4B | $5M |
| Dividend Yield | 1.06% | 0.74% |
| Holdings | 508 | 42 |
| YTD Return | +11.57% | +22.88%Best |
| 1Y Return | +17.57% | +31.89%Best |
| 3Y Return (annualized) | +20.71%Best | +15.39% |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 12.4%Best | 14.5% |
| Max Drawdown | -18.8%Best | -22.5% |
| $10,000 over 3.5 years | $19,759Best | $17,025 |
| Top 10 Weight | 37.9%Best | 46.8% |
| Fund Family | iShares by BlackRock (US) | Horizon Kinetics LLC |
| Category | Equity | Commodity |
| Style | Large Cap Blend | Energy |
| Inception | May 15, 2000 | Feb 21, 2023 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Feb 22, 2023 to Sep 10, 2026 (3.5 years).
IVV vs NVIR 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 3.5 years both funds cover.
IVV vs NVIR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Horizon Kinetics Energy Remediation ETF (NVIR) is an ETF from Horizon Kinetics LLC. Over the past year IVV returned +17.57% while NVIR returned +31.89%. Year to date, IVV is up 11.57% versus a gain of 22.88% for NVIR.
Over three years, IVV compounded at +20.71% per year against +15.39% for NVIR. Across the full 4-year window we track, IVV has the edge at +21.48% annualized vs +16.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVIR has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 12.4% 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 -18.8% for IVV and -22.5% for NVIR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while NVIR charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.74% for NVIR.
Holdings Overlap
2.0% of IVV's money is in holdings NVIR also owns. 41.8% of NVIR's money is in holdings IVV also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in NVIR, against full books of 508 and 42.
What only one of them owns
Our book lists 17 positions for NVIR that do not appear in our book for IVV (36.1% of the fund), and 479 for IVV that do not appear in NVIR (97.3%).
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 NVIR | Difference |
|---|---|---|---|
| WMBWilliams Cos. Inc. | 0.13% | 5.41% | 5.28% |
| TPLTexas Pacific Land Trust | 0.03% | 4.97% | 4.94% |
| XOMExxon Mobil Corp. | 0.94% | 3.65% | 2.71% |
| EQTEqt Corp | 0.05% | 3.88% | 3.83% |
| FANGDiamondback Energy Inc. | 0.05% | 3.52% | 3.47% |
| COPConocophillips Co | 0.21% | 2.81% | 2.60% |
| EOGEog Resources Inc | 0.11% | 2.84% | 2.73% |
| CHKChesapeake Energy Corp | 0.03% | 2.68% | 2.65% |
| SLBSchlumberger Nv. | 0.11% | 2.22% | 2.11% |
| OXYOccidental Petroleum Corp. | 0.06% | 2.25% | 2.19% |
41.8% of NVIR 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.
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Frequently Asked Questions
Which is cheaper, IVV or NVIR?
IVV has an expense ratio of 0.03% while NVIR charges 0.85%. IVV is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, IVV or NVIR?
Over the past year IVV returned +17.57% vs +31.89% for NVIR, so NVIR leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +21.48% vs +16.42% for NVIR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NVIR?
NVIR has been the more volatile fund at 14.5% annualized versus 12.4% for IVV. Worst drawdown: IVV -18.8% vs NVIR -22.5%.
Should I hold both IVV and NVIR?
IVV and NVIR have a monthly-return correlation of 0.30, 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 NVIR?
41.8% of NVIR's money is in holdings IVV also owns. 41.8% of NVIR's is in holdings IVV also owns. They hold 16 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in NVIR.
Which pays a higher dividend, IVV or NVIR?
IVV yields 1.06% while NVIR yields 0.74%, so IVV currently pays the higher dividend yield.
Is NVIR better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, NVIR over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.