IVV vs NLSI
iShares Core S&P 500 ETF vs NEOS Long/Short Equity Income ETF
Which is better, IVV or NLSI?
Large Cap Blend against Long-Short Strategy.
IVV has a lower expense ratio.
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 | NLSI |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.89% |
| AUM | $896.5B | $5M |
| Dividend Yield | 1.10% | 4.35% |
| Holdings | 508 | 67 |
| YTD Return | +13.59% | +15.64%Best |
| 1Y Return | +17.54% | - |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Fund Family | iShares by BlackRock (US) | NEOS |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Long-Short Strategy |
| Inception | May 15, 2000 | Dec 10, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
IVV vs NLSI 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs NLSI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and NEOS Long/Short Equity Income ETF (NLSI) is an ETF from NEOS. Year to date, IVV is up 13.59% versus a gain of 15.64% for NLSI.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while NLSI charges 2.89%. On a $10,000 position that is $3 vs $289 annually, a gap of $286 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.35% for NLSI.
Holdings Overlap
At least 19.8% of IVV's money is in holdings NLSI also owns.
Only one direction is shown: for NLSI, our book for it lists positions totalling 130.1% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
IVV and NLSI share little of their money.
60 positions in common, counted across the 506 positions we hold weights for in IVV and 60 in NLSI, against full books of 508 and 67.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NLSI | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.87% | 13.14% | 11.27% |
| MPCMarathon Petroleum Corp | 0.18% | 5.57% | 5.39% |
| CRMSalesforce Inc Crm Us Equity | 0.29% | 5.41% | 5.12% |
| VLOValero Energy | 0.18% | 5.13% | 4.95% |
| CVXChevron Corp | 0.62% | 4.29% | 3.67% |
| INTUIntuit, Inc. | 0.12% | 4.43% | 4.31% |
| DISWalt Disney Co | 0.26% | 4.25% | 3.99% |
| PSXPhillips 66 | 0.16% | 4.19% | 4.03% |
| UBERUber Technologies Inc | 0.21% | 4.13% | 3.92% |
| GDDYGodaddy Inc. Class A | 0.02% | 4.26% | 4.24% |
You are not choosing between two funds in isolation.
Whichever of IVV and NLSI 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 NLSI?
IVV has an expense ratio of 0.03% while NLSI charges 2.89%. IVV is the cheaper option, by $286 a year on a $10,000 investment.
What is the holdings overlap between IVV and NLSI?
At least 19.8% of IVV's money is in holdings NLSI also owns. Our book for NLSI is partial, so the real figure is this or higher. They hold 60 positions in common, counted across the 506 positions we hold weights for in IVV and 60 in NLSI.
Which pays a higher dividend, IVV or NLSI?
IVV yields 1.10% while NLSI yields 4.35%, so NLSI currently pays the higher dividend yield.
Is NLSI better than IVV?
IVV has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.