IVV vs NBCM
IVV vs NBCM
iShares Core S&P 500 ETF vs Neuberger Berman Commodity Strategy ETF
Quick Verdict
IVV has a lower expense ratio. NBCM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NBCM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.65% | |
| AUM | $865.2B | $455M | |
| Dividend Yield | 1.09% | 7.25% | |
| Holdings | 508 | 208 | |
| YTD Return | +11.54% | +25.18% | |
| 1Y Return | +21.48% | +38.11% | |
| 3Y Return (annualized) | +20.86% | +14.53% | |
| 5Y Return (annualized) | +13.02% | - | |
| Volatility (annualized) | 15.1% | 13.3% | |
| Max Drawdown | -56.5% | -14.8% | |
| Fund Family | iShares by BlackRock (US) | Neuberger Berman | |
| Category | Equity | Commodity | |
| Inception | May 15, 2000 | Oct 24, 2022 |
IVV vs NBCM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Neuberger Berman Commodity Strategy ETF (NBCM) is a ETF from Neuberger Berman. Over the past year IVV returned +21.48% while NBCM returned +38.11%. Year to date, IVV is up 11.54% versus a gain of 25.18% for NBCM.
Over three years, IVV compounded at +20.86% per year against +14.53% for NBCM. Across the full 4-year window we track, NBCM has the edge at +12.21% annualized vs +6.97%. 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 13.3% for NBCM. 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 -14.8% for NBCM. 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NBCM 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 1.09% against 7.25% for NBCM.
Holdings Overlap
IVV and NBCM share 0 holdings out of 592 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 NBCM?
IVV has an expense ratio of 0.03% while NBCM charges 0.65%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, IVV or NBCM?
Over the past year IVV returned +21.48% vs +38.11% for NBCM, so NBCM leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.97% vs +12.21% for NBCM. Past performance does not guarantee future results.
Which is riskier, IVV or NBCM?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for NBCM. Worst drawdown: IVV -56.5% vs NBCM -14.8%.
Should I hold both IVV and NBCM?
IVV and NBCM have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NBCM?
IVV and NBCM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, IVV or NBCM?
IVV yields 1.09% while NBCM yields 7.25%, so NBCM currently pays the higher dividend yield.
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