IVV vs NCV
IVV vs NCV
iShares Core S&P 500 ETF vs Virtus Convertible & Income Fund
Quick Verdict
IVV has a lower expense ratio. NCV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NCV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.45% | |
| AUM | $865.2B | $418M | |
| Dividend Yield | 1.09% | 8.42% | |
| Holdings | 508 | 220 | |
| YTD Return | +13.80% | +19.59% | |
| 1Y Return | +23.70% | +31.88% | |
| 3Y Return (annualized) | +21.49% | +21.20% | |
| 5Y Return (annualized) | +13.43% | +4.52% | |
| Volatility (annualized) | 15.1% | 26.1% | |
| Max Drawdown | -56.5% | -84.8% | |
| Fund Family | iShares by BlackRock (US) | Virtus Investment Partners | |
| Category | Equity | Convertible | |
| Inception | May 15, 2000 | Mar 31, 2003 |
IVV vs NCV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Virtus Convertible & Income Fund (NCV) is a ETF from Virtus Investment Partners. Over the past year IVV returned +23.70% while NCV returned +31.88%. Year to date, IVV is up 13.80% versus a gain of 19.59% for NCV.
Over three years, IVV compounded at +21.49% per year against +21.20% for NCV; over five years the annualized figures are +13.43% and +4.52% respectively. Across the full 23-year window we track, IVV has the edge at +7.05% annualized vs -2.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NCV has been the more volatile fund, with annualized monthly volatility of 26.1% 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 -84.8% for NCV. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NCV charges 1.45%. On a $10,000 position that is $3 vs $145 annually, a gap of $142 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.42% for NCV.
Holdings Overlap
IVV and NCV share 27 holdings out of 575 unique holdings combined, representing a 3.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NCV | Difference |
|---|---|---|---|
| LITE | 0.10% | 3.80% | 3.70% |
| WDC | 0.29% | 2.64% | 2.35% |
| BA | 0.25% | 1.75% | 1.50% |
| NEE | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| LYV | Pro | Pro | Pro |
| ORCL | Pro | Pro | Pro |
| PCG | Pro | Pro | Pro |
| STX | Pro | Pro | Pro |
| SO | Pro | Pro | Pro |
See all 10 holdings IVV shares with NCV 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 NCV?
IVV has an expense ratio of 0.03% while NCV charges 1.45%. IVV is the cheaper option. On a $10,000 investment, that is $142 per year of difference.
Which performed better, IVV or NCV?
Over the past year IVV returned +23.70% vs +31.88% for NCV, so NCV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +7.05% vs -2.63% for NCV. Past performance does not guarantee future results.
Which is riskier, IVV or NCV?
NCV has been the more volatile fund at 26.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NCV -84.8%.
Should I hold both IVV and NCV?
IVV and NCV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NCV?
IVV and NCV share 27 common holdings with a 3.4% weight overlap. Combined, they hold 575 unique securities.
Which pays a higher dividend, IVV or NCV?
IVV yields 1.09% while NCV yields 8.42%, so NCV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.