IVV vs PDP
IVV vs PDP
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Momentum ETF
Quick Verdict
IVV has a lower expense ratio. PDP delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PDP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.62% | |
| AUM | $865.2B | $1.5B | |
| Dividend Yield | 1.09% | 0.07% | |
| Holdings | 508 | 103 | |
| YTD Return | +13.80% | +16.82% | |
| 1Y Return | +23.70% | +23.86% | |
| 3Y Return (annualized) | +21.49% | +20.66% | |
| 5Y Return (annualized) | +13.43% | +8.50% | |
| Volatility (annualized) | 15.1% | 18.4% | |
| Max Drawdown | -56.5% | -59.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 1, 2007 |
IVV vs PDP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Momentum ETF (PDP) is a ETF from Invesco (US). Over the past year IVV returned +23.70% while PDP returned +23.86%. Year to date, IVV is up 13.80% versus a gain of 16.82% for PDP.
Over three years, IVV compounded at +21.49% per year against +20.66% for PDP; over five years the annualized figures are +13.43% and +8.50% respectively. Across the full 19-year window we track, PDP has the edge at +9.79% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDP has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.1% for IVV. 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 -59.3% for PDP. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PDP charges 0.62%. On a $10,000 position that is $3 vs $62 annually, a gap of $59 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.07% for PDP.
Holdings Overlap
IVV and PDP share 60 holdings out of 546 unique holdings combined, representing a 16.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PDP | Difference |
|---|---|---|---|
| AAPL | 7.44% | 2.82% | 4.62% |
| MU | 1.69% | 3.05% | 1.36% |
| GOOGL | 3.15% | 1.32% | 1.83% |
| WDC | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| APH | Pro | Pro | Pro |
| FIX | Pro | Pro | Pro |
| STX | Pro | Pro | Pro |
| TRGP | Pro | Pro | Pro |
| PWR | Pro | Pro | Pro |
See all 10 holdings IVV shares with PDP Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or PDP?
IVV has an expense ratio of 0.03% while PDP charges 0.62%. IVV is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, IVV or PDP?
Over the past year IVV returned +23.70% vs +23.86% for PDP, so PDP leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.05% vs +9.79% for PDP. Past performance does not guarantee future results.
Which is riskier, IVV or PDP?
PDP has been the more volatile fund at 18.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PDP -59.3%.
Should I hold both IVV and PDP?
IVV and PDP have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PDP?
IVV and PDP share 60 common holdings with a 16.3% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, IVV or PDP?
IVV yields 1.09% while PDP yields 0.07%, so IVV currently pays the higher dividend yield.
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