IVV vs NBCE
iShares Core S&P 500 ETF vs Neuberger Berman China Equity ETF
Which is better, IVV or NBCE?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. NBCE is less concentrated, with 31.5% of the fund in its ten largest positions against 38.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | NBCE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $896.5B | $17M |
| Dividend Yield | 1.10% | 1.19% |
| Holdings | 508 | 78 |
| YTD Return | +13.59%Best | +2.45% |
| 1Y Return | +17.54%Best | +10.67% |
| 3Y Return (annualized) | +22.46%Best | +13.60% |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 12.2%Best | 23.3% |
| Max Drawdown | -18.8%Best | -28.4% |
| $10,000 over 3 years | $18,365Best | $14,660 |
| Top 10 Weight | 38.9% | 31.5%Best |
| Fund Family | iShares by BlackRock (US) | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Oct 13, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 16, 2023 to Oct 14, 2026 (3 years).
IVV vs NBCE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
IVV vs NBCE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Neuberger Berman China Equity ETF (NBCE) is an ETF from Neuberger Berman. Over the past year IVV returned +17.54% while NBCE returned +10.67%. Year to date, IVV is up 13.59% versus a gain of 2.45% for NBCE.
Over three years, IVV compounded at +22.46% per year against +13.60% for NBCE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBCE has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 12.2% 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 -18.8% for IVV and -28.4% for NBCE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.27. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while NBCE charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.19% for NBCE.
Holdings Overlap
We hold position weights for 506 holdings in IVV and 71 in NBCE, totalling 99.9% and 100.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 506 positions we hold weights for in IVV and 71 in NBCE, against full books of 508 and 78.
What only one of them owns
Our book lists 2 positions for NBCE that do not appear in our book for IVV (5.1% of the fund), and 500 for IVV that do not appear in NBCE (99.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and NBCE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or NBCE?
IVV has an expense ratio of 0.03% while NBCE charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, IVV or NBCE?
Over the past year IVV returned +17.54% vs +10.67% for NBCE, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NBCE?
NBCE has been the more volatile fund at 23.3% annualized versus 12.2% for IVV. Worst drawdown: IVV -18.8% vs NBCE -28.4%.
Should I hold both IVV and NBCE?
IVV and NBCE have a monthly-return correlation of 0.27, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or NBCE?
IVV yields 1.10% while NBCE yields 1.19%, so NBCE currently pays the higher dividend yield.
Is NBCE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. NBCE is less concentrated, with 31.5% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.