BOND vs IVV
BOND vs IVV
PIMCO Active Bond Exchange-Traded Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. BOND offers more diversification with 1027 holdings.
Side-by-Side Comparison
| Metric | BOND | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $8.4B | $865.2B | |
| Dividend Yield | 5.15% | 1.09% | |
| Holdings | 1,944 | 508 | |
| YTD Return | -0.25% | +9.93% | |
| 1Y Return | +3.85% | +19.59% | |
| 3Y Return (annualized) | +4.86% | +19.41% | |
| 5Y Return (annualized) | -0.05% | +12.89% | |
| Volatility (annualized) | 5.0% | 15.1% | |
| Max Drawdown | -19.7% | -56.5% | |
| Fund Family | PIMCO (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 29, 2012 | May 15, 2000 |
BOND vs IVV Performance
PIMCO Active Bond Exchange-Traded Fund (BOND) is a ETF from PIMCO (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BOND returned +3.85% while IVV returned +19.59%. Year to date, BOND is down 0.25% versus a gain of 9.93% for IVV.
Over three years, BOND compounded at +4.86% per year against +19.41% for IVV; over five years the annualized figures are -0.05% and +12.89% respectively. Across the full 14-year window we track, IVV has the edge at +6.91% annualized vs +0.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.0% for BOND. 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 -19.7% for BOND and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BOND charges 0.54% per year while IVV charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, BOND currently yields 5.15% against 1.09% for IVV.
Holdings Overlap
BOND and IVV share 0 holdings out of 1532 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOND or IVV?
BOND has an expense ratio of 0.54% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, BOND or IVV?
Over the past year BOND returned +3.85% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), BOND annualized +0.86% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, BOND or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.0% for BOND. Worst drawdown: BOND -19.7% vs IVV -56.5%.
Should I hold both BOND and IVV?
BOND and IVV have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOND and IVV?
BOND and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1532 unique securities.
Which pays a higher dividend, BOND or IVV?
BOND yields 5.15% while IVV yields 1.09%, so BOND currently pays the higher dividend yield.
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