IVV vs PGRO
IVV vs PGRO
iShares Core S&P 500 ETF vs Putnam Focused Large Cap Growth 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 | PGRO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $865.2B | $202M | |
| Dividend Yield | 1.09% | 0.02% | |
| Holdings | 508 | 38 | |
| YTD Return | +13.31% | +6.78% | |
| 1Y Return | +24.00% | +13.58% | |
| 3Y Return (annualized) | +21.16% | +22.13% | |
| 5Y Return (annualized) | +13.34% | +11.12% | |
| Volatility (annualized) | 15.1% | 19.8% | |
| Max Drawdown | -56.5% | -34.7% | |
| Fund Family | iShares by BlackRock (US) | Putnam Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 25, 2021 |
IVV vs PGRO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Putnam Focused Large Cap Growth ETF (PGRO) is a ETF from Putnam Investments. Over the past year IVV returned +24.00% while PGRO returned +13.58%. Year to date, IVV is up 13.31% versus a gain of 6.78% for PGRO.
Over three years, IVV compounded at +21.16% per year against +22.13% for PGRO; over five years the annualized figures are +13.34% and +11.12% respectively. Across the full 5-year window we track, PGRO has the edge at +13.21% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGRO has been the more volatile fund, with annualized monthly volatility of 19.8% 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 -34.7% for PGRO. 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 0.92. 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 PGRO charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.02% for PGRO.
Holdings Overlap
IVV and PGRO share 30 holdings out of 508 unique holdings combined, representing a 43.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PGRO | Difference |
|---|---|---|---|
| NVDA | 7.76% | 14.01% | 6.25% |
| AAPL | 7.44% | 10.15% | 2.71% |
| MSFT | 4.57% | 7.86% | 3.29% |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
See all 10 holdings IVV shares with PGRO 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 PGRO?
IVV has an expense ratio of 0.03% while PGRO charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or PGRO?
Over the past year IVV returned +24.00% vs +13.58% for PGRO, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.03% vs +13.21% for PGRO. Past performance does not guarantee future results.
Which is riskier, IVV or PGRO?
PGRO has been the more volatile fund at 19.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PGRO -34.7%.
Should I hold both IVV and PGRO?
IVV and PGRO have a monthly-return correlation of 0.92, 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 PGRO?
IVV and PGRO share 30 common holdings with a 43.2% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or PGRO?
IVV yields 1.09% while PGRO yields 0.02%, so IVV currently pays the higher dividend yield.
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