IVV vs JCE
IVV vs JCE
iShares Core S&P 500 ETF vs Nuveen Core Equity Alpha Fund
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 | JCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.02% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | 7.72% | |
| Holdings | 508 | 128 | |
| YTD Return | +13.31% | +11.39% | |
| 1Y Return | +24.00% | +19.92% | |
| 3Y Return (annualized) | +21.16% | +18.85% | |
| 5Y Return (annualized) | +13.34% | +11.63% | |
| Volatility (annualized) | 15.1% | 20.6% | |
| Max Drawdown | -56.5% | -64.9% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 27, 2007 |
IVV vs JCE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Core Equity Alpha Fund (JCE) is a ETF from Nuveen. Over the past year IVV returned +24.00% while JCE returned +19.92%. Year to date, IVV is up 13.31% versus a gain of 11.39% for JCE.
Over three years, IVV compounded at +21.16% per year against +18.85% for JCE; over five years the annualized figures are +13.34% and +11.63% respectively. Across the full 19-year window we track, IVV has the edge at +7.03% annualized vs +2.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JCE has been the more volatile fund, with annualized monthly volatility of 20.6% 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 -64.9% for JCE. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JCE charges 1.02%. On a $10,000 position that is $3 vs $102 annually, a gap of $99 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.72% for JCE.
Holdings Overlap
IVV and JCE share 82 holdings out of 540 unique holdings combined, representing a 54.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in JCE | Difference |
|---|---|---|---|
| NVDA | 7.76% | 8.48% | 0.72% |
| AAPL | 7.44% | 7.13% | 0.31% |
| MSFT | 4.57% | 5.96% | 1.39% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings IVV shares with JCE Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or JCE?
IVV has an expense ratio of 0.03% while JCE charges 1.02%. IVV is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, IVV or JCE?
Over the past year IVV returned +24.00% vs +19.92% for JCE, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.03% vs +2.16% for JCE. Past performance does not guarantee future results.
Which is riskier, IVV or JCE?
JCE has been the more volatile fund at 20.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs JCE -64.9%.
Should I hold both IVV and JCE?
IVV and JCE have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JCE?
IVV and JCE share 82 common holdings with a 54.7% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, IVV or JCE?
IVV yields 1.09% while JCE yields 7.72%, so JCE currently pays the higher dividend yield.
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