IVV vs NIE
IVV vs NIE
iShares Core S&P 500 ETF vs Virtus Equity & Convertible Income 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 | NIE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.07% | |
| AUM | $865.2B | $797M | |
| Dividend Yield | 1.09% | 8.66% | |
| Holdings | 508 | 196 | |
| YTD Return | +13.31% | +9.93% | |
| 1Y Return | +24.00% | +21.18% | |
| 3Y Return (annualized) | +21.16% | +17.52% | |
| 5Y Return (annualized) | +13.34% | +9.59% | |
| Volatility (annualized) | 15.1% | 17.6% | |
| Max Drawdown | -56.5% | -63.8% | |
| Fund Family | iShares by BlackRock (US) | Virtus Investment Partners | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Feb 27, 2007 |
IVV vs NIE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Virtus Equity & Convertible Income Fund (NIE) is a ETF from Virtus Investment Partners. Over the past year IVV returned +24.00% while NIE returned +21.18%. Year to date, IVV is up 13.31% versus a gain of 9.93% for NIE.
Over three years, IVV compounded at +21.16% per year against +17.52% for NIE; over five years the annualized figures are +13.34% and +9.59% respectively. Across the full 19-year window we track, IVV has the edge at +7.03% annualized vs +3.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NIE has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -63.8% for NIE. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NIE charges 1.07%. On a $10,000 position that is $3 vs $107 annually, a gap of $104 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.66% for NIE.
Holdings Overlap
IVV and NIE share 90 holdings out of 576 unique holdings combined, representing a 44.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NIE | Difference |
|---|---|---|---|
| NVDA | 7.76% | 5.65% | 2.11% |
| AAPL | 7.44% | 4.55% | 2.89% |
| MSFT | 4.57% | 3.16% | 1.41% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LITE | Pro | Pro | Pro |
See all 10 holdings IVV shares with NIE 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 NIE?
IVV has an expense ratio of 0.03% while NIE charges 1.07%. IVV is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, IVV or NIE?
Over the past year IVV returned +24.00% vs +21.18% for NIE, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.03% vs +3.59% for NIE. Past performance does not guarantee future results.
Which is riskier, IVV or NIE?
NIE has been the more volatile fund at 17.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NIE -63.8%.
Should I hold both IVV and NIE?
IVV and NIE have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NIE?
IVV and NIE share 90 common holdings with a 44.3% weight overlap. Combined, they hold 576 unique securities.
Which pays a higher dividend, IVV or NIE?
IVV yields 1.09% while NIE yields 8.66%, so NIE currently pays the higher dividend yield.
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