IVV vs NWLG
iShares Core S&P 500 ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, IVV or NWLG?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 60.4%.
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 | NWLG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.65% |
| AUM | $876.4B | $9M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 42 |
| Volatility (annualized) | 15.7%Best | 21.3% |
| Max Drawdown | -24.5%Best | -39.9% |
| $10,000 over 4.7 years | $16,016Best | $11,691 |
| Top 10 Weight | 37.9%Best | 60.4% |
| Fund Family | iShares by BlackRock (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 158 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 11, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Aug 5, 2021 to Apr 6, 2026 (4.7 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.7% 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 -24.5% for IVV and -39.9% for NWLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NWLG charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for NWLG.
Holdings Overlap
42.0% of IVV's money is in holdings NWLG also owns. 92.5% of NWLG's money is in holdings IVV also owns.
Most of NWLG is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 217 days apart, IVV as of Aug 5, 2026 and NWLG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
35 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in NWLG, against full books of 508 and 42.
What only one of them owns
Our book lists 3 positions for NWLG that do not appear in our book for IVV (5.2% of the fund), and 460 for IVV that do not appear in NWLG (57.4%).
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 NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 12.49% | 4.51% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 11.29% | 5.85% |
| AAPLApple, Inc | 6.86% | 8.76% | 1.90% |
| AMZNAmazon.Com Inc | 4.01% | 5.22% | 1.21% |
| GOOGAlphabet Inc | 2.56% | 6.20% | 3.64% |
| AVGOBroadcom Inc | 2.98% | 5.58% | 2.60% |
| METAMeta Platforms, Inc. | 1.94% | 3.44% | 1.50% |
| LLYEli Lilly & Co. | 1.39% | 2.66% | 1.27% |
| TSLATesla Inc | 1.36% | 2.20% | 0.84% |
| VVisa Inc | 0.92% | 2.24% | 1.32% |
92.5% of NWLG 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 NWLG?
IVV has an expense ratio of 0.03% while NWLG charges 0.65%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which is riskier, IVV or NWLG?
NWLG has been the more volatile fund at 21.3% annualized versus 15.7% for IVV. Worst drawdown: IVV -24.5% vs NWLG -39.9%.
Should I hold both IVV and NWLG?
IVV and NWLG have a monthly-return correlation of 0.78, 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 NWLG?
92.5% of NWLG's money is in holdings IVV also owns. 92.5% of NWLG's is in holdings IVV also owns. They hold 35 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in NWLG.
Which pays a higher dividend, IVV or NWLG?
IVV yields 1.06% while NWLG yields 0.00%, so IVV currently pays the higher dividend yield.
Is NWLG better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 60.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.