IVV vs NUAG
IVV vs NUAG
iShares Core S&P 500 ETF vs Nuveen Enhanced Yield US Aggregate Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. NUAG offers more diversification with 786 holdings.
Side-by-Side Comparison
| Metric | IVV | NUAG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.16% | |
| AUM | $865.2B | $95M | |
| Dividend Yield | 1.09% | 4.47% | |
| Holdings | 508 | 862 | |
| YTD Return | +11.54% | -0.51% | |
| 1Y Return | +21.48% | +1.89% | |
| 3Y Return (annualized) | +20.86% | +4.50% | |
| 5Y Return (annualized) | +13.02% | -0.26% | |
| Volatility (annualized) | 15.1% | 5.5% | |
| Max Drawdown | -56.5% | -20.8% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 14, 2016 |
IVV vs NUAG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Enhanced Yield US Aggregate Bond ETF (NUAG) is a ETF from Nuveen. Over the past year IVV returned +21.48% while NUAG returned +1.89%. Year to date, IVV is up 11.54% versus a loss of 0.51% for NUAG.
Over three years, IVV compounded at +20.86% per year against +4.50% for NUAG; over five years the annualized figures are +13.02% and -0.26% respectively. Across the full 10-year window we track, IVV has the edge at +6.97% annualized vs +0.06%. 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 5.5% for NUAG. 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 -20.8% for NUAG. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NUAG charges 0.16%. On a $10,000 position that is $3 vs $16 annually, a gap of $13 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.47% for NUAG.
Holdings Overlap
IVV and NUAG share 1 holdings out of 1290 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NUAG | Difference |
|---|---|---|---|
| AON | 0.12% | 0.09% | 0.03% |
Frequently Asked Questions
Which is cheaper, IVV or NUAG?
IVV has an expense ratio of 0.03% while NUAG charges 0.16%. IVV is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, IVV or NUAG?
Over the past year IVV returned +21.48% vs +1.89% for NUAG, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +6.97% vs +0.06% for NUAG. Past performance does not guarantee future results.
Which is riskier, IVV or NUAG?
IVV has been the more volatile fund at 15.1% annualized versus 5.5% for NUAG. Worst drawdown: IVV -56.5% vs NUAG -20.8%.
Should I hold both IVV and NUAG?
IVV and NUAG have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NUAG?
IVV and NUAG share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1290 unique securities.
Which pays a higher dividend, IVV or NUAG?
IVV yields 1.09% while NUAG yields 4.47%, so NUAG currently pays the higher dividend yield.
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