IVV vs PAB
IVV vs PAB
iShares Core S&P 500 ETF vs PGIM Active Aggregate Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PAB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.19% | |
| AUM | $865.2B | $70M | |
| Dividend Yield | 1.09% | 5.30% | |
| Holdings | 508 | 522 | |
| YTD Return | +9.93% | -0.39% | |
| 1Y Return | +19.59% | +3.04% | |
| 3Y Return (annualized) | +19.41% | +4.39% | |
| 5Y Return (annualized) | +12.89% | -0.38% | |
| Volatility (annualized) | 15.1% | 6.5% | |
| Max Drawdown | -56.5% | -19.3% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 12, 2021 |
IVV vs PAB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Active Aggregate Bond ETF (PAB) is a ETF from PGIM Investments. Over the past year IVV returned +19.59% while PAB returned +3.04%. Year to date, IVV is up 9.93% versus a loss of 0.39% for PAB.
Over three years, IVV compounded at +19.41% per year against +4.39% for PAB; over five years the annualized figures are +12.89% and -0.38% respectively. Across the full 5-year window we track, IVV has the edge at +6.91% annualized vs +0.08%. 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 6.5% for PAB. 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 -56.5% for IVV and -19.3% for PAB. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PAB charges 0.19%. On a $10,000 position that is $3 vs $19 annually, a gap of $16 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.30% for PAB.
Holdings Overlap
IVV and PAB share 0 holdings out of 915 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, IVV or PAB?
IVV has an expense ratio of 0.03% while PAB charges 0.19%. IVV is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, IVV or PAB?
Over the past year IVV returned +19.59% vs +3.04% for PAB, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +6.91% vs +0.08% for PAB. Past performance does not guarantee future results.
Which is riskier, IVV or PAB?
IVV has been the more volatile fund at 15.1% annualized versus 6.5% for PAB. Worst drawdown: IVV -56.5% vs PAB -19.3%.
Should I hold both IVV and PAB?
IVV and PAB have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PAB?
IVV and PAB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 915 unique securities.
Which pays a higher dividend, IVV or PAB?
IVV yields 1.09% while PAB yields 5.30%, so PAB currently pays the higher dividend yield.
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