IVV vs PY
IVV vs PY
iShares Core S&P 500 ETF vs Principal Value 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 | PY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $235M | |
| Dividend Yield | 1.09% | 2.14% | |
| Holdings | 508 | 100 | |
| YTD Return | +13.31% | +10.44% | |
| 1Y Return | +24.00% | +16.72% | |
| 3Y Return (annualized) | +21.16% | +13.52% | |
| 5Y Return (annualized) | +13.34% | +9.03% | |
| Volatility (annualized) | 15.1% | 19.2% | |
| Max Drawdown | -56.5% | -45.5% | |
| Fund Family | iShares by BlackRock (US) | Principal Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 21, 2016 |
IVV vs PY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Principal Value ETF (PY) is a ETF from Principal Funds. Over the past year IVV returned +24.00% while PY returned +16.72%. Year to date, IVV is up 13.31% versus a gain of 10.44% for PY.
Over three years, IVV compounded at +21.16% per year against +13.52% for PY; over five years the annualized figures are +13.34% and +9.03% respectively. Across the full 10-year window we track, PY has the edge at +9.84% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PY has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -45.5% for PY. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PY charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.14% for PY.
Holdings Overlap
IVV and PY share 93 holdings out of 511 unique holdings combined, representing a 29.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PY | Difference |
|---|---|---|---|
| AAPL | 7.44% | 8.97% | 1.53% |
| AMZN | 3.75% | 2.86% | 0.89% |
| WMT | 0.75% | 2.22% | 1.47% |
| BAC | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings IVV shares with PY 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 PY?
IVV has an expense ratio of 0.03% while PY charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or PY?
Over the past year IVV returned +24.00% vs +16.72% for PY, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.03% vs +9.84% for PY. Past performance does not guarantee future results.
Which is riskier, IVV or PY?
PY has been the more volatile fund at 19.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PY -45.5%.
Should I hold both IVV and PY?
IVV and PY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PY?
IVV and PY share 93 common holdings with a 29.1% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, IVV or PY?
IVV yields 1.09% while PY yields 2.14%, so PY currently pays the higher dividend yield.
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