GPRF vs IVV
Goldman Sachs Access US Preferred Stock and Hybrid Securities ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GPRF offers more diversification with 510 holdings.
Side-by-Side Comparison
| Metric | GPRF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $146M | $886.7B | |
| Dividend Yield | 5.66% | 1.10% | |
| Holdings | 510 | 508 | |
| YTD Return | +0.48% | +12.13% | |
| 1Y Return | +2.32% | +20.37% | |
| 3Y Return (annualized) | - | +20.91% | |
| 5Y Return (annualized) | - | +12.59% | |
| Volatility (annualized) | 3.9% | 15.1% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 30, 2024 | May 15, 2000 |
GPRF vs IVV Performance
Goldman Sachs Access US Preferred Stock and Hybrid Securities ETF (GPRF) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GPRF returned +2.32% while IVV returned +20.37%. Year to date, GPRF is up 0.48% versus a gain of 12.13% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.9% for GPRF. 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 -4.2% for GPRF 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPRF charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, GPRF currently yields 5.66% against 1.10% for IVV.
Holdings Overlap
GPRF and IVV share 20 holdings out of 919 unique holdings combined, representing a 3.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GPRF or IVV?
GPRF has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, GPRF or IVV?
Over the past year GPRF returned +2.32% vs +20.37% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GPRF annualized +4.67% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, GPRF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.9% for GPRF. Worst drawdown: GPRF -4.2% vs IVV -56.5%.
Should I hold both GPRF and IVV?
GPRF and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPRF and IVV?
GPRF and IVV share 20 common holdings with a 3.1% weight overlap. Combined, they hold 919 unique securities.
Which pays a higher dividend, GPRF or IVV?
GPRF yields 5.66% while IVV yields 1.10%, so GPRF currently pays the higher dividend yield.
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