NPV vs VOO
Nuveen Virginia Quality Municipal Income Fund vs Vanguard S&P 500 ETF
Which is better, NPV or VOO?
Municipal Virginia against Large Cap Blend.
VOO led over 1Y, 3Y, 5Y and the full window.
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 | NPV | VOO |
|---|---|---|
| Expense Ratio | - | 0.03% |
| AUM | - | $997.4B |
| Dividend Yield | 7.04% | 1.04% |
| Holdings | 187 | 509 |
| YTD Return | -7.65% | +14.14%Best |
| 1Y Return | -9.31% | +17.31%Best |
| 3Y Return (annualized) | +5.72% | +23.16%Best |
| 5Y Return (annualized) | -5.13% | +13.85%Best |
| Volatility (annualized) | 14.1%Tie | 14.1%Tie |
| Max Drawdown | -44.3% | -34.3%Best |
| $10,000 over 5 years | $7,685 | $19,128Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Virginia | Large Cap Blend |
| Inception | Mar 18, 1993 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 21, 2026 (16 years).
NPV vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NPV vs VOO Performance
Nuveen Virginia Quality Municipal Income Fund (NPV) is an ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year NPV returned -9.31% while VOO returned +17.31%. Year to date, NPV is down 7.65% versus a gain of 14.14% for VOO.
Over three years, NPV compounded at +5.72% per year against +23.16% for VOO; over five years the annualized figures are -5.13% and +13.85% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs -1.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NPV and VOO have been equally volatile, both at 14.1% annualized.
The deepest peak-to-trough decline in our data was -44.3% for NPV and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.35. They move together some of the time, and apart the rest.
Holdings Overlap
We hold position weights for 60 holdings in NPV and 494 in VOO, totalling 56.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 153 days apart, NPV as of Feb 28, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 60 positions we hold weights for in NPV and 494 in VOO, against full books of 187 and 509.
You are not choosing between two funds in isolation.
Whichever of NPV and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which performed better, NPV or VOO?
Over the past year NPV returned -9.31% vs +17.31% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NPV annualized -1.36% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NPV or VOO?
NPV and VOO have been equally volatile, both at 14.1% annualized. Worst drawdown: NPV -44.3% vs VOO -34.3%.
Should I hold both NPV and VOO?
NPV and VOO have a monthly-return correlation of 0.35, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NPV or VOO?
NPV yields 7.04% while VOO yields 1.04%, so NPV currently pays the higher dividend yield.
Is VOO better than NPV?
VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.