CORP vs IVV
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. CORP offers more diversification with 1,470 holdings.
Side-by-Side Comparison
| Metric | CORP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.03% | |
| AUM | $1.6B | $907.0B | |
| Dividend Yield | 4.48% | 1.10% | |
| Holdings | 1,470 | 508 | |
| YTD Return | -0.26% | +12.96% | |
| 1Y Return | +2.42% | +20.70% | |
| 3Y Return (annualized) | +5.90% | +22.10% | |
| 5Y Return (annualized) | +0.31% | +13.40% | |
| Volatility (annualized) | 6.1% | 15.1% | |
| Max Drawdown | -21.5% | -56.5% | |
| Fund Family | PIMCO (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 20, 2010 | May 15, 2000 |
CORP vs IVV Performance
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is a ETF from PIMCO (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CORP returned +2.42% while IVV returned +20.70%. Year to date, CORP is down 0.26% versus a gain of 12.96% for IVV.
Over three years, CORP compounded at +5.90% per year against +22.10% for IVV; over five years the annualized figures are +0.31% and +13.40% respectively. Across the full 16-year window we track, IVV has the edge at +7.01% annualized vs +1.05%. 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 6.1% for CORP. 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 -21.5% for CORP 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CORP charges 0.41% per year while IVV charges 0.03%. On a $10,000 position that is $41 vs $3 annually, a gap of $38 per year that compounds over a long holding period. On income, CORP currently yields 4.48% against 1.10% for IVV.
Holdings Overlap
CORP and IVV share 0 holdings out of 1689 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, CORP or IVV?
CORP has an expense ratio of 0.41% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, CORP or IVV?
Over the past year CORP returned +2.42% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), CORP annualized +1.05% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, CORP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.1% for CORP. Worst drawdown: CORP -21.5% vs IVV -56.5%.
Should I hold both CORP and IVV?
CORP and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CORP and IVV?
CORP and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1689 unique securities.
Which pays a higher dividend, CORP or IVV?
CORP yields 4.48% while IVV yields 1.10%, so CORP currently pays the higher dividend yield.
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