IVV vs NYF
iShares Core S&P 500 ETF vs iShares New York Municipal Bond 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 | NYF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $1.4B | |
| Dividend Yield | 1.09% | 3.08% | |
| Holdings | 508 | 894 | |
| YTD Return | +13.43% | +0.51% | |
| 1Y Return | +22.61% | +4.78% | |
| 3Y Return (annualized) | +21.47% | +3.05% | |
| 5Y Return (annualized) | +13.26% | +0.58% | |
| Volatility (annualized) | 15.1% | 5.7% | |
| Max Drawdown | -56.5% | -13.2% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 4, 2007 |
IVV vs NYF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares New York Municipal Bond ETF (NYF) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +22.61% while NYF returned +4.78%. Year to date, IVV is up 13.43% versus a gain of 0.51% for NYF.
Over three years, IVV compounded at +21.47% per year against +3.05% for NYF; over five years the annualized figures are +13.26% and +0.58% respectively. Across the full 19-year window we track, IVV has the edge at +7.03% annualized vs +0.96%. 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 5.7% for NYF. 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 -13.2% for NYF. 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NYF charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.08% for NYF.
Holdings Overlap
IVV and NYF share 0 holdings out of 707 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 NYF?
IVV has an expense ratio of 0.03% while NYF charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or NYF?
Over the past year IVV returned +22.61% vs +4.78% for NYF, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.03% vs +0.96% for NYF. Past performance does not guarantee future results.
Which is riskier, IVV or NYF?
IVV has been the more volatile fund at 15.1% annualized versus 5.7% for NYF. Worst drawdown: IVV -56.5% vs NYF -13.2%.
Should I hold both IVV and NYF?
IVV and NYF have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NYF?
IVV and NYF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 707 unique securities.
Which pays a higher dividend, IVV or NYF?
IVV yields 1.09% while NYF yields 3.08%, so NYF currently pays the higher dividend yield.
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