IVV vs PSQA
IVV vs PSQA
iShares Core S&P 500 ETF vs Palmer Square CLO Senior Debt 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 | PSQA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.21% | |
| AUM | $865.2B | $147M | |
| Dividend Yield | 1.09% | 4.77% | |
| Holdings | 508 | 90 | |
| YTD Return | +11.54% | +2.89% | |
| 1Y Return | +21.48% | +5.53% | |
| 3Y Return (annualized) | +20.86% | - | |
| 5Y Return (annualized) | +13.02% | - | |
| Volatility (annualized) | 15.1% | 1.3% | |
| Max Drawdown | -56.5% | -1.3% | |
| Fund Family | iShares by BlackRock (US) | Palmer Square Capital Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 11, 2024 |
IVV vs PSQA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Palmer Square CLO Senior Debt ETF (PSQA) is a ETF from Palmer Square Capital Management. Over the past year IVV returned +21.48% while PSQA returned +5.53%. Year to date, IVV is up 11.54% versus a gain of 2.89% for PSQA.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.3% for PSQA. 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 -1.3% for PSQA. 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 0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PSQA charges 0.21%. On a $10,000 position that is $3 vs $21 annually, a gap of $18 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.77% for PSQA.
Holdings Overlap
IVV and PSQA share 0 holdings out of 522 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 PSQA?
IVV has an expense ratio of 0.03% while PSQA charges 0.21%. IVV is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, IVV or PSQA?
Over the past year IVV returned +21.48% vs +5.53% for PSQA, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.97% vs +5.63% for PSQA. Past performance does not guarantee future results.
Which is riskier, IVV or PSQA?
IVV has been the more volatile fund at 15.1% annualized versus 1.3% for PSQA. Worst drawdown: IVV -56.5% vs PSQA -1.3%.
Should I hold both IVV and PSQA?
IVV and PSQA have a monthly-return correlation of 0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PSQA?
IVV and PSQA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, IVV or PSQA?
IVV yields 1.09% while PSQA yields 4.77%, so PSQA currently pays the higher dividend yield.
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