IVV vs NVIR
iShares Core S&P 500 ETF vs Horizon Kinetics Energy Remediation ETF
Quick Verdict
IVV has a lower expense ratio. NVIR delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NVIR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $907.0B | $5M | |
| Dividend Yield | 1.10% | 0.76% | |
| Holdings | 508 | 41 | |
| YTD Return | +12.28% | +22.75% | |
| 1Y Return | +20.94% | +35.25% | |
| 3Y Return (annualized) | +21.81% | +15.65% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 14.7% | |
| Max Drawdown | -56.5% | -22.5% | |
| Fund Family | iShares by BlackRock (US) | Horizon Kinetics LLC | |
| Category | Equity | Commodity | |
| Inception | May 15, 2000 | Feb 21, 2023 |
IVV vs NVIR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Horizon Kinetics Energy Remediation ETF (NVIR) is a ETF from Horizon Kinetics LLC. Over the past year IVV returned +20.94% while NVIR returned +35.25%. Year to date, IVV is up 12.28% versus a gain of 22.75% for NVIR.
Over three years, IVV compounded at +21.81% per year against +15.65% for NVIR. Across the full 4-year window we track, NVIR has the edge at +16.68% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.7% for NVIR. 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 -22.5% for NVIR. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 0.76% for NVIR.
Holdings Overlap
IVV and NVIR share 16 holdings out of 528 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or NVIR?
Over the past year IVV returned +20.94% vs +35.25% for NVIR, so NVIR leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +16.68% for NVIR. Past performance does not guarantee future results.
Which is riskier, IVV or NVIR?
IVV has been the more volatile fund at 15.1% annualized versus 14.7% for NVIR. Worst drawdown: IVV -56.5% vs NVIR -22.5%.
Should I hold both IVV and NVIR?
IVV and NVIR have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NVIR?
IVV and NVIR share 16 common holdings with a 2.1% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, IVV or NVIR?
IVV yields 1.10% while NVIR yields 0.76%, so IVV currently pays the higher dividend yield.
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