IVV vs PFM
IVV vs PFM
iShares Core S&P 500 ETF vs Invesco Dividend Achievers 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 | PFM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.52% | |
| AUM | $865.2B | $792M | |
| Dividend Yield | 1.09% | 1.34% | |
| Holdings | 508 | 433 | |
| YTD Return | +11.54% | +10.31% | |
| 1Y Return | +21.48% | +18.00% | |
| 3Y Return (annualized) | +20.86% | +15.74% | |
| 5Y Return (annualized) | +13.02% | +10.57% | |
| Volatility (annualized) | 15.1% | 13.4% | |
| Max Drawdown | -56.5% | -54.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 15, 2005 |
IVV vs PFM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Dividend Achievers ETF (PFM) is a ETF from Invesco (US). Over the past year IVV returned +21.48% while PFM returned +18.00%. Year to date, IVV is up 11.54% versus a gain of 10.31% for PFM.
Over three years, IVV compounded at +20.86% per year against +15.74% for PFM; over five years the annualized figures are +13.02% and +10.57% respectively. Across the full 21-year window we track, PFM has the edge at +7.11% annualized vs +6.97%. 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 13.4% for PFM. 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 -54.7% for PFM. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PFM charges 0.52%. On a $10,000 position that is $3 vs $52 annually, a gap of $49 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.34% for PFM.
Holdings Overlap
IVV and PFM share 207 holdings out of 728 unique holdings combined, representing a 41.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PFM | Difference |
|---|---|---|---|
| AAPL | 7.44% | 3.59% | 3.85% |
| MSFT | 4.57% | 3.25% | 1.32% |
| AVGO | 2.83% | 3.32% | 0.49% |
| LLY | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings IVV shares with PFM 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 PFM?
IVV has an expense ratio of 0.03% while PFM charges 0.52%. IVV is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, IVV or PFM?
Over the past year IVV returned +21.48% vs +18.00% for PFM, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +6.97% vs +7.11% for PFM. Past performance does not guarantee future results.
Which is riskier, IVV or PFM?
IVV has been the more volatile fund at 15.1% annualized versus 13.4% for PFM. Worst drawdown: IVV -56.5% vs PFM -54.7%.
Should I hold both IVV and PFM?
IVV and PFM have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and PFM?
IVV and PFM share 207 common holdings with a 41.9% weight overlap. Combined, they hold 728 unique securities.
Which pays a higher dividend, IVV or PFM?
IVV yields 1.09% while PFM yields 1.34%, so PFM currently pays the higher dividend yield.
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