IVV vs NVOX
iShares Core S&P 500 ETF vs Defiance Daily Target 2X Long NVO ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | NVOX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.30% | |
| AUM | $907.0B | $33M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 10 | |
| YTD Return | +12.28% | -37.17% | |
| 1Y Return | +20.94% | -48.14% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 94.2% | |
| Max Drawdown | -56.5% | -94.5% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 2, 2024 |
IVV vs NVOX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily Target 2X Long NVO ETF (NVOX) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +20.94% while NVOX returned -48.14%. Year to date, IVV is up 12.28% versus a loss of 37.17% for NVOX.
Risk: Volatility and Drawdowns
NVOX has been the more volatile fund, with annualized monthly volatility of 94.2% 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 -94.5% for NVOX. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NVOX charges 1.30%. On a $10,000 position that is $3 vs $130 annually, a gap of $127 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for NVOX.
Holdings Overlap
IVV and NVOX share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NVOX?
IVV has an expense ratio of 0.03% while NVOX charges 1.30%. IVV is the cheaper option. On a $10,000 investment, that is $127 per year of difference.
Which performed better, IVV or NVOX?
Over the past year IVV returned +20.94% vs -48.14% for NVOX, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs -75.52% for NVOX. Past performance does not guarantee future results.
Which is riskier, IVV or NVOX?
NVOX has been the more volatile fund at 94.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NVOX -94.5%.
Should I hold both IVV and NVOX?
IVV and NVOX have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NVOX?
IVV and NVOX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or NVOX?
IVV yields 1.10% while NVOX yields 0.00%, so IVV currently pays the higher dividend yield.
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