NCA vs VOO
Nuveen California Municipal Value Fund Inc. vs Vanguard S&P 500 ETF
Quick Verdict
VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NCA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.03% | |
| AUM | - | $979.0B | |
| Dividend Yield | 3.79% | 1.09% | |
| Holdings | 136 | 509 | |
| YTD Return | +3.38% | +13.80% | |
| 1Y Return | +9.83% | +23.71% | |
| 3Y Return (annualized) | +6.06% | +21.50% | |
| 5Y Return (annualized) | +0.38% | +13.44% | |
| Volatility (annualized) | 10.0% | 14.1% | |
| Max Drawdown | -32.5% | -34.3% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 7, 1987 | Sep 7, 2010 |
NCA vs VOO Performance
Nuveen California Municipal Value Fund Inc. (NCA) is a ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NCA returned +9.83% while VOO returned +23.71%. Year to date, NCA is up 3.38% versus a gain of 13.80% for VOO.
Over three years, NCA compounded at +6.06% per year against +21.50% for VOO; over five years the annualized figures are +0.38% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +0.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 10.0% for NCA. 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 -32.5% for NCA and -34.3% for VOO. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NCA and VOO share 0 holdings out of 578 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, NCA or VOO?
Over the past year NCA returned +9.83% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NCA annualized +0.24% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, NCA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 10.0% for NCA. Worst drawdown: NCA -32.5% vs VOO -34.3%.
Should I hold both NCA and VOO?
NCA and VOO have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCA and VOO?
NCA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 578 unique securities.
Which pays a higher dividend, NCA or VOO?
NCA yields 3.79% while VOO yields 1.09%, so NCA currently pays the higher dividend yield.
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