Data as of Oct 28, 2026.
IGV vs NLR: Holdings Overlap & Returns
Over the year to Oct 28, 2026, IGV returned −4.1% to NLR's −35.8%; 0% of their weight is in the same names.
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Net assets: $14.4bn on Oct 27, 2026 for iShares Expanded Tech-Software Sector ETF, and $3.1bn on Oct 26, 2026 for VanEck Uranium and Nuclear ETF.
80% of IGV's weight is in S&P 500 companies and 20% is outside the index. Holdings as of Oct 27, 2026.
15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
IGV costs 0.14 points a year less; their one-year returns differ by 31.7 points; IGV is 4.6 times larger.
Points (pts) are percentage points.
| Measure | IGV | NLR |
|---|---|---|
| Return | ||
| Total return, 1 year | −4.1% | −35.8% |
| Drawdown | ||
| Below its all-time high | 41.6%, high on Jan 28, 2026 | |
| Against its benchmark | ||
| What it tracks | Cloud and software | Nuclear and uranium |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | behind by 49.2 pts | |
| Cost and size | ||
| Expense ratio | 0.38% | 0.52% |
| Net assets, as of Oct 26, 2026 | $14.3bn | $3.1bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Aug 24, 2007 to Oct 23, 2026 · 1,000 weekly returnsIGV returned more: +1,120.5% to +50.2%. IGV swung slightly less: 23.9% to 25.0%. IGV fell less at its worst: −47.9% to −62.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IGV | NLR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,120.5% | +50.2% | IGV | Price change plus distributions, reinvested. |
| Annualized | +13.9% | +2.1% | IGV | Total return as a yearly rate. |
| Price return | +1,084.0% | −23.5% | IGV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.9% | 25.0% | IGV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.2% | 17.9% | IGV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −47.9% | −62.9% | IGV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.60 | 0.15 | IGV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.89 | 0.21 | IGV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.29 | 0.03 | IGV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,000 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IGV and NLR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | IGV | NLR | IGV | NLR |
| 3 months | +21.2% | −6.5% | not measured | −10.9 pts vs ACWI |
| 6 months | +32.5% | −30.2% | not measured | −37.6 pts vs ACWI |
| 1 year | −4.1% | −35.8% | not measured | −49.2 pts vs ACWI |
| 3 years | +70.0% | +54.0% | not measured | −34.9 pts vs ACWI |
| Since launchNot the same days: IGV Jul 2001 · NLR Aug 2007 | +1,015.0% | +66.1% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
IGV
By weight, 80% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 108 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.1% with distributions reinvested.
NLR
By weight, 15% of NLR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Oct 28, 2026 the fund returned −35.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 49.2 pts. It sits 41.6% below its all-time high of Jan 28, 2026.
Questions people ask
- Do IGV and NLR hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, IGV against NLR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/igv-vs-nlr
ETFIQ. (Oct 28, 2026). IGV against NLR. Retrieved from https://etfiq.com/compare/themes/igv-vs-nlr
[IGV against NLR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/igv-vs-nlr)
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