IVV vs PPT
IVV vs PPT
iShares Core S&P 500 ETF vs Putnam Premier Income Trust
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 | PPT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.93% | |
| AUM | $865.2B | $1,660.6 | |
| Dividend Yield | 1.09% | 8.41% | |
| Holdings | 508 | 766 | |
| YTD Return | +13.13% | +2.07% | |
| 1Y Return | +22.90% | +2.05% | |
| 3Y Return (annualized) | +21.08% | +7.13% | |
| 5Y Return (annualized) | +13.27% | +2.49% | |
| Volatility (annualized) | 15.1% | 11.5% | |
| Max Drawdown | -56.5% | -65.9% | |
| Fund Family | iShares by BlackRock (US) | Putnam Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 29, 1988 |
IVV vs PPT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Putnam Premier Income Trust (PPT) is a ETF from Putnam Investments. Over the past year IVV returned +22.90% while PPT returned +2.05%. Year to date, IVV is up 13.13% versus a gain of 2.07% for PPT.
Over three years, IVV compounded at +21.08% per year against +7.13% for PPT; over five years the annualized figures are +13.27% and +2.49% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs -1.13%. 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 11.5% for PPT. 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 -65.9% for PPT. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PPT charges 0.93%. On a $10,000 position that is $3 vs $93 annually, a gap of $90 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.41% for PPT.
Holdings Overlap
IVV and PPT share 0 holdings out of 509 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 PPT?
IVV has an expense ratio of 0.03% while PPT charges 0.93%. IVV is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, IVV or PPT?
Over the past year IVV returned +22.90% vs +2.05% for PPT, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.02% vs -1.13% for PPT. Past performance does not guarantee future results.
Which is riskier, IVV or PPT?
IVV has been the more volatile fund at 15.1% annualized versus 11.5% for PPT. Worst drawdown: IVV -56.5% vs PPT -65.9%.
Should I hold both IVV and PPT?
IVV and PPT have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PPT?
IVV and PPT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or PPT?
IVV yields 1.09% while PPT yields 8.41%, so PPT currently pays the higher dividend yield.
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