IVV vs PMBS
IVV vs PMBS
iShares Core S&P 500 ETF vs PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund
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 | PMBS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.71% | |
| AUM | $865.2B | $1.4B | |
| Dividend Yield | 1.09% | 4.97% | |
| Holdings | 508 | 1,126 | |
| YTD Return | +9.93% | -0.04% | |
| 1Y Return | +19.59% | +4.49% | |
| 3Y Return (annualized) | +19.41% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -3.1% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 20, 2024 |
IVV vs PMBS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is a ETF from PIMCO (US). Over the past year IVV returned +19.59% while PMBS returned +4.49%. Year to date, IVV is up 9.93% versus a loss of 0.04% for PMBS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.5% for PMBS. 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 -3.1% for PMBS. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PMBS charges 0.71%. On a $10,000 position that is $3 vs $71 annually, a gap of $68 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.97% for PMBS.
Holdings Overlap
IVV and PMBS share 0 holdings out of 648 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 PMBS?
IVV has an expense ratio of 0.03% while PMBS charges 0.71%. IVV is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, IVV or PMBS?
Over the past year IVV returned +19.59% vs +4.49% for PMBS, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.91% vs +5.02% for PMBS. Past performance does not guarantee future results.
Which is riskier, IVV or PMBS?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for PMBS. Worst drawdown: IVV -56.5% vs PMBS -3.1%.
Should I hold both IVV and PMBS?
IVV and PMBS have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PMBS?
IVV and PMBS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 648 unique securities.
Which pays a higher dividend, IVV or PMBS?
IVV yields 1.09% while PMBS yields 4.97%, so PMBS currently pays the higher dividend yield.
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