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IVW vs. NACP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVW vs. NACP

Last updated Jun 24, 2026

IVW (iShares S&P 500 Growth ETF) and NACP (Impact Shares NAACP Minority Empowerment ETF) are both Large Cap Growth Equities funds - IVW tracks the S&P 500 Growth Index while NACP tracks the Morningstar Minority Empowerment Index. Both are passively managed. Over the past 5 years, IVW returned 13.97%/yr vs 15.31%/yr for NACP. Their correlation of 0.88 suggests significant overlap in exposure. IVW charges 0.18%/yr vs 0.49%/yr for NACP.

Performance

IVW vs. NACP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Growth ETF (IVW) and Impact Shares NAACP Minority Empowerment ETF (NACP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVW achieves a 8.67% return, which is significantly lower than NACP's 20.21% return.

IVW

1D
-2.32%
1M
-2.04%
YTD
8.67%
6M
7.44%
1Y
26.74%
3Y*
25.36%
5Y*
13.97%
10Y*
17.93%

NACP

1D
-2.21%
1M
1.73%
YTD
20.21%
6M
17.87%
1Y
39.41%
3Y*
25.74%
5Y*
15.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVW vs. NACP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IVW
iShares S&P 500 Growth ETF		8.67%21.95%35.82%29.83%-29.50%31.80%33.19%30.77%-10.85%
NACP
Impact Shares NAACP Minority Empowerment ETF		20.21%21.38%23.93%29.69%-23.05%27.62%26.00%30.74%-8.79%

Correlation

The correlation between IVW and NACP is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2018

0.88

The correlation between IVW and NACP has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

IVW vs. NACP - Sectors Allocation Comparison

Sectors
IVW
NACP

Technology

53.0%
41.3%

Communication Services

15.8%
9.0%

Financial Services

8.6%
9.5%

Consumer Cyclical

8.4%
10.9%

Healthcare

5.7%
8.5%

Industrials

5.3%
8.0%

Utilities

1.2%
3.0%

Consumer Defensive

1.0%
3.1%

Real Estate

0.5%
1.1%

Basic Materials

0.3%
1.4%

Energy

0.1%
4.3%

Technology

IVW
53.0%
NACP
41.3%

Communication Services

IVW
15.8%
NACP
9.0%

Financial Services

IVW
8.6%
NACP
9.5%

Consumer Cyclical

IVW
8.4%
NACP
10.9%

Healthcare

IVW
5.7%
NACP
8.5%

Industrials

IVW
5.3%
NACP
8.0%

Utilities

IVW
1.2%
NACP
3.0%

Consumer Defensive

IVW
1.0%
NACP
3.1%

Real Estate

IVW
0.5%
NACP
1.1%

Basic Materials

IVW
0.3%
NACP
1.4%

Energy

IVW
0.1%
NACP
4.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P 500 Growth ETF

Impact Shares NAACP Minority Empowerment ETF

Often compared with IVW:
IVW vs. IVVIVW vs. IVEIVW vs. QQQIVW vs. SPYIVW vs. VOOIVW vs. VOOGIVW vs. SPYG
Often compared with NACP:
NACP vs. XTRNACP vs. NANCNACP vs. OVLNACP vs. BDGSNACP vs. DEMZNACP vs. VFIAXNACP vs. JQUA

Return for Risk

IVW vs. NACP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVW
IVW Risk / Return Rank: 4545
Overall Rank
IVW Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IVW Sortino Ratio Rank: 4444
Sortino Ratio Rank
IVW Omega Ratio Rank: 4444
Omega Ratio Rank
IVW Calmar Ratio Rank: 4141
Calmar Ratio Rank
IVW Martin Ratio Rank: 4848
Martin Ratio Rank
NACP
NACP Risk / Return Rank: 8484
Overall Rank
NACP Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
NACP Sortino Ratio Rank: 8282
Sortino Ratio Rank
NACP Omega Ratio Rank: 8282
Omega Ratio Rank
NACP Calmar Ratio Rank: 8383
Calmar Ratio Rank
NACP Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVW vs. NACP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) and Impact Shares NAACP Minority Empowerment ETF (NACP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IVWNACPDifference
Sharpe ratioReturn per unit of total volatility
1.58
2.60

-1.03

Sortino ratioReturn per unit of downside risk
2.16
3.39

-1.23

Omega ratioGain probability vs. loss probability

1.28

1.45

-0.18

Calmar ratioReturn relative to maximum drawdown

1.95

4.10

-2.15

Martin ratioReturn relative to average drawdown

7.75

17.54

-9.79

IVW vs. NACP - Sharpe Ratio Comparison

The current IVW Sharpe Ratio is 1.58, which is lower than the NACP Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of IVW and NACP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IVW vs. NACP - Drawdown Comparison

The maximum IVW drawdown since its inception was -57.33%, which is greater than NACP's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for IVW and NACP.

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Drawdown Indicators

IVWNACPDifference

Max Drawdown

Largest peak-to-trough decline

-57.33%

-30.96%

-26.37%

Max Drawdown (1Y)

Largest decline over 1 year

-13.75%

-9.65%

-4.10%

Max Drawdown (3Y)

Largest decline over 3 years

-22.15%

-19.66%

-2.49%

Max Drawdown (5Y)

Largest decline over 5 years

-32.72%

-27.89%

-4.83%

Max Drawdown (10Y)

Largest decline over 10 years

-32.72%

—

—

Current Drawdown

Current decline from peak

-5.48%

-2.27%

-3.21%

Average Drawdown

Average peak-to-trough decline

-17.59%

-5.72%

-11.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

2.25%

+1.21%

Volatility

IVW vs. NACP - Volatility Comparison

iShares S&P 500 Growth ETF (IVW) and Impact Shares NAACP Minority Empowerment ETF (NACP) have volatilities of 7.23% and 6.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVWNACPDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.23%

6.98%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

13.82%

12.73%

+1.09%

Volatility (1Y)

Calculated over the trailing 1-year period

17.06%

15.25%

+1.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.35%

17.69%

+3.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.70%

18.77%

+1.93%

IVW vs. NACP - Expense Ratio Comparison

IVW has a 0.18% expense ratio, which is lower than NACP's 0.49% expense ratio.

Dividends

IVW vs. NACP - Dividend Comparison

IVW's dividend yield for the trailing twelve months is around 0.37%, less than NACP's 0.56% yield.

PositionTTM20252024202320222021202020192018201720162015
IVW
iShares S&P 500 Growth ETF		0.37%0.40%0.43%1.03%0.92%0.46%0.82%1.63%1.28%1.30%1.51%1.51%
NACP
Impact Shares NAACP Minority Empowerment ETF		0.56%0.62%2.96%1.28%3.48%3.06%1.48%1.22%0.71%0.00%0.00%0.00%

Frequently Asked Questions

IVW and NACP have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVW has higher volatility (7.23%) compared to NACP (6.98%). In terms of maximum drawdown, IVW dropped -57.33% vs NACP's -30.96%.

On 5-year performance, NACP leads with 15.31% vs 13.97% for IVW. On fees, IVW is cheaper at 0.18% per year. On volatility, NACP has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, NACP has performed better with a 15.31% return vs 13.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVW is cheaper with a 0.18% expense ratio, compared with 0.49% for NACP.

NACP has the higher dividend yield at 0.56%, compared with 0.37% for IVW.

IVW tracks S&P 500 Growth Index, while NACP tracks Morningstar Minority Empowerment Index. They also come from different issuers: iShares and Impact Shares. Their fees differ too: 0.18% for IVW and 0.49% for NACP.

NACP currently has the higher Sharpe Ratio (2.60 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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