IVV vs NZUS
IVV vs NZUS
iShares Core S&P 500 ETF vs State Street SPDR MSCI USA Climate Paris Aligned ETF
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 | NZUS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.10% | |
| AUM | $865.2B | $3M | |
| Dividend Yield | 1.09% | 0.88% | |
| Holdings | 508 | 146 | |
| YTD Return | +13.80% | +5.91% | |
| 1Y Return | +23.70% | +23.21% | |
| 3Y Return (annualized) | +21.49% | +20.81% | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 16.8% | |
| Max Drawdown | -56.5% | -21.0% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 21, 2022 |
IVV vs NZUS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR MSCI USA Climate Paris Aligned ETF (NZUS) is a ETF from State Street Investment Management. Over the past year IVV returned +23.70% while NZUS returned +23.21%. Year to date, IVV is up 13.80% versus a gain of 5.91% for NZUS.
Over three years, IVV compounded at +21.49% per year against +20.81% for NZUS. Across the full 4-year window we track, NZUS has the edge at +14.42% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NZUS has been the more volatile fund, with annualized monthly volatility of 16.8% 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 -21.0% for NZUS. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while NZUS charges 0.10%. On a $10,000 position that is $3 vs $10 annually, a gap of $7 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.88% for NZUS.
Holdings Overlap
IVV and NZUS share 125 holdings out of 530 unique holdings combined, representing a 53.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NZUS | Difference |
|---|---|---|---|
| NVDA | 7.76% | 9.68% | 1.92% |
| AAPL | 7.44% | 7.37% | 0.07% |
| MSFT | 4.57% | 6.81% | 2.24% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings IVV shares with NZUS 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 NZUS?
IVV has an expense ratio of 0.03% while NZUS charges 0.10%. IVV is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, IVV or NZUS?
Over the past year IVV returned +23.70% vs +23.21% for NZUS, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.05% vs +14.42% for NZUS. Past performance does not guarantee future results.
Which is riskier, IVV or NZUS?
NZUS has been the more volatile fund at 16.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NZUS -21.0%.
Should I hold both IVV and NZUS?
IVV and NZUS have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and NZUS?
IVV and NZUS share 125 common holdings with a 53.4% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, IVV or NZUS?
IVV yields 1.09% while NZUS yields 0.88%, so IVV currently pays the higher dividend yield.
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