IVV vs PRF
IVV vs PRF
iShares Core S&P 500 ETF vs Invesco RAFI US 1000 ETF
Quick Verdict
IVV has a lower expense ratio. PRF delivered stronger 1-year returns. PRF offers more diversification with 893 holdings.
Side-by-Side Comparison
| Metric | IVV | PRF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.34% | |
| AUM | $865.2B | $9.8B | |
| Dividend Yield | 1.09% | 1.37% | |
| Holdings | 508 | 1,004 | |
| YTD Return | +13.52% | +19.29% | |
| 1Y Return | +23.63% | +33.89% | |
| 3Y Return (annualized) | +21.26% | +20.44% | |
| 5Y Return (annualized) | +13.52% | +13.80% | |
| Volatility (annualized) | 15.1% | 16.6% | |
| Max Drawdown | -56.5% | -61.6% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 19, 2005 |
IVV vs PRF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco RAFI US 1000 ETF (PRF) is a ETF from Invesco (US). Over the past year IVV returned +23.63% while PRF returned +33.89%. Year to date, IVV is up 13.52% versus a gain of 19.29% for PRF.
Over three years, IVV compounded at +21.26% per year against +20.44% for PRF; over five years the annualized figures are +13.52% and +13.80% respectively. Across the full 21-year window we track, PRF has the edge at +9.27% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRF has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -61.6% for PRF. 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 0.95. 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 PRF charges 0.34%. On a $10,000 position that is $3 vs $34 annually, a gap of $31 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.37% for PRF.
Holdings Overlap
IVV and PRF share 453 holdings out of 945 unique holdings combined, representing a 59.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PRF | Difference |
|---|---|---|---|
| AAPL | 7.44% | 4.01% | 3.43% |
| NVDA | 7.76% | 0.59% | 7.17% |
| GOOGL | 3.15% | 3.68% | 0.53% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings IVV shares with PRF 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 PRF?
IVV has an expense ratio of 0.03% while PRF charges 0.34%. IVV is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, IVV or PRF?
Over the past year IVV returned +23.63% vs +33.89% for PRF, so PRF leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.04% vs +9.27% for PRF. Past performance does not guarantee future results.
Which is riskier, IVV or PRF?
PRF has been the more volatile fund at 16.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PRF -61.6%.
Should I hold both IVV and PRF?
IVV and PRF have a monthly-return correlation of 0.95, 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 PRF?
IVV and PRF share 453 common holdings with a 59.8% weight overlap. Combined, they hold 945 unique securities.
Which pays a higher dividend, IVV or PRF?
IVV yields 1.09% while PRF yields 1.37%, so PRF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.