NCA vs VOO
Nuveen California Municipal Value Fund Inc. vs Vanguard S&P 500 ETF
Which is better, NCA or VOO?
Municipal California against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
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 | NCA | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $291M | $1.0T |
| Dividend Yield | 4.12% | 1.06% |
| Holdings | 136 | 506 |
| YTD Return | -6.78% | +13.57%Best |
| 1Y Return | -4.38% | +17.55%Best |
| 3Y Return (annualized) | +3.46% | +22.46%Best |
| 5Y Return (annualized) | -0.89% | +13.28%Best |
| Volatility (annualized) | 9.6%Best | 14.1% |
| Max Drawdown | -25.4%Best | -34.3% |
| $10,000 over 5 years | $9,563 | $18,654Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal California | Large Cap Blend |
| Inception | Oct 7, 1987 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 14, 2026 (16.1 years).
NCA vs VOO 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.
NCA vs VOO Performance
Nuveen California Municipal Value Fund Inc. (NCA) is an ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year NCA returned -4.38% while VOO returned +17.55%. Year to date, NCA is down 6.78% versus a gain of 13.57% for VOO.
Over three years, NCA compounded at +3.46% per year against +22.46% for VOO; over five years the annualized figures are -0.89% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.40% annualized vs +0.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.6% for NCA. 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 -25.4% for NCA and -34.3% for VOO. 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
NCA charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, NCA currently yields 4.12% against 1.06% for VOO.
Holdings Overlap
We hold position weights for 74 holdings in NCA and 504 in VOO, totalling 46.2% and 100.1% 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 74 positions we hold weights for in NCA and 504 in VOO, against full books of 136 and 506.
You are not choosing between two funds in isolation.
Whichever of NCA and VOO 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, NCA or VOO?
NCA has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, NCA or VOO?
Over the past year NCA returned -4.38% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NCA annualized +0.22% vs +13.40% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NCA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.6% for NCA. Worst drawdown: NCA -25.4% vs VOO -34.3%.
Should I hold both NCA and VOO?
NCA and VOO 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, NCA or VOO?
NCA yields 4.12% while VOO yields 1.06%, so NCA currently pays the higher dividend yield.
Is VOO better than NCA?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.