FEBP vs IVV
PGIM S&P 500 Buffer 12 ETF - February 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 505 holdings.
Side-by-Side Comparison
| Metric | FEBP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $25M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 7 | 508 | |
| YTD Return | +8.79% | +13.80% | |
| 1Y Return | +15.69% | +23.01% | |
| 3Y Return (annualized) | - | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 6.5% | 15.1% | |
| Max Drawdown | -12.1% | -56.5% | |
| Fund Family | PGIM Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 31, 2024 | May 15, 2000 |
FEBP vs IVV Performance
PGIM S&P 500 Buffer 12 ETF - February (FEBP) 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 FEBP returned +15.69% while IVV returned +23.01%. Year to date, FEBP is up 8.79% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.5% for FEBP. 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 -12.1% for FEBP 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEBP 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, FEBP currently yields 0.00% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, FEBP or IVV?
FEBP 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, FEBP or IVV?
Over the past year FEBP returned +15.69% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), FEBP annualized +13.51% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FEBP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.5% for FEBP. Worst drawdown: FEBP -12.1% vs IVV -56.5%.
Should I hold both FEBP and IVV?
FEBP and IVV 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.
Which pays a higher dividend, FEBP or IVV?
FEBP yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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