APRP vs IVV
PGIM S&P 500 Buffer 12 ETF - April vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | APRP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $29M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 7 | 508 | |
| YTD Return | +11.46% | +12.71% | |
| 1Y Return | +16.05% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 6.4% | 15.1% | |
| Max Drawdown | -13.7% | -56.5% | |
| Fund Family | PGIM Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 29, 2024 | May 15, 2000 |
APRP vs IVV Performance
PGIM S&P 500 Buffer 12 ETF - April (APRP) is a ETF from PGIM Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year APRP returned +16.05% while IVV returned +21.89%. Year to date, APRP is up 11.46% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.4% for APRP. 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 -13.7% for APRP and -56.5% for IVV. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
APRP charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, APRP currently yields 0.00% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, APRP or IVV?
APRP has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, APRP or IVV?
Over the past year APRP returned +16.05% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), APRP annualized +12.56% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, APRP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.4% for APRP. Worst drawdown: APRP -13.7% vs IVV -56.5%.
Should I hold both APRP and IVV?
APRP and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, APRP or IVV?
APRP yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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