IPKW vs IVV
Invesco International BuyBack Achievers ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IPKW delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IPKW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $539M | $865.2B | |
| Dividend Yield | 3.62% | 1.09% | |
| Holdings | 178 | 508 | |
| YTD Return | +12.03% | +13.80% | |
| 1Y Return | +26.47% | +23.70% | |
| 3Y Return (annualized) | +25.24% | +21.49% | |
| 5Y Return (annualized) | +11.70% | +13.43% | |
| Volatility (annualized) | 16.5% | 15.1% | |
| Max Drawdown | -50.3% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 24, 2014 | May 15, 2000 |
IPKW vs IVV Performance
Invesco International BuyBack Achievers ETF (IPKW) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IPKW returned +26.47% while IVV returned +23.70%. Year to date, IPKW is up 12.03% versus a gain of 13.80% for IVV.
Over three years, IPKW compounded at +25.24% per year against +21.49% for IVV; over five years the annualized figures are +11.70% and +13.43% respectively. Across the full 12-year window we track, IPKW has the edge at +9.55% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPKW has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -50.3% for IPKW 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPKW charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, IPKW currently yields 3.62% against 1.09% for IVV.
Holdings Overlap
IPKW and IVV share 0 holdings out of 664 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, IPKW or IVV?
IPKW has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IPKW or IVV?
Over the past year IPKW returned +26.47% vs +23.70% for IVV, so IPKW leads on 1-year performance. Over the longest common window we track (12 years), IPKW annualized +9.55% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, IPKW or IVV?
IPKW has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: IPKW -50.3% vs IVV -56.5%.
Should I hold both IPKW and IVV?
IPKW and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPKW and IVV?
IPKW and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 664 unique securities.
Which pays a higher dividend, IPKW or IVV?
IPKW yields 3.62% while IVV yields 1.09%, so IPKW currently pays the higher dividend yield.
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