IPKW vs IVV
Invesco International BuyBack Achievers ETF vs iShares Core S&P 500 ETF
Which is better, IPKW or IVV?
Each has led over a different period.
IVV has a lower expense ratio. IPKW led over 1Y and 3Y, IVV over 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 44.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IPKW | IVV |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $565M | $876.4B |
| Dividend Yield | 3.37% | 1.06% |
| Holdings | 178 | 508 |
| YTD Return | +9.50% | +12.39%Best |
| 1Y Return | +18.71%Best | +16.61% |
| 3Y Return (annualized) | +23.46%Best | +21.38% |
| 5Y Return (annualized) | +11.43% | +13.51%Best |
| Volatility (annualized) | 16.4% | 14.6%Best |
| Max Drawdown | -50.3% | -33.9%Best |
| $10,000 over 5 years | $17,180 | $18,844Best |
| Top 10 Weight | 44.3% | 37.8%Best |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 24, 2014 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Feb 27, 2014 to Sep 18, 2026 (12.6 years).
IPKW vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.6 years both funds cover.
IPKW vs IVV Performance
Invesco International BuyBack Achievers ETF (IPKW) is an ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IPKW returned +18.71% while IVV returned +16.61%. Year to date, IPKW is up 9.50% versus a gain of 12.39% for IVV.
Over three years, IPKW compounded at +23.46% per year against +21.38% for IVV; over five years the annualized figures are +11.43% and +13.51% respectively. Across the full 13-year window we track, IVV has the edge at +12.59% annualized vs +9.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPKW has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 14.6% 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 -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
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 3.37% against 1.06% for IVV.
Holdings Overlap
0.2% of IPKW's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 175 positions we hold weights for in IPKW and 490 in IVV, against full books of 178 and 508.
What only one of them owns
Our book lists 481 positions for IVV that do not appear in our book for IPKW (98.6% of the fund), and 3 for IPKW that do not appear in IVV (5.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IPKW | Weight in IVV | Difference |
|---|---|---|---|
| RFRegions Financial Corp. | 0.23% | 0.04% | 0.19% |
You are not choosing between two funds in isolation.
Whichever of IPKW and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $52 a year on a $10,000 investment.
Which performed better, IPKW or IVV?
Over the past year IPKW returned +18.71% vs +16.61% for IVV, so IPKW leads on 1-year performance. Over the longest common window we track (13 years), IPKW annualized +9.26% vs +12.59% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IPKW or IVV?
IPKW has been the more volatile fund at 16.4% annualized versus 14.6% for IVV. Worst drawdown: IPKW -50.3% vs IVV -33.9%.
Should I hold both IPKW and IVV?
IPKW and IVV have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IPKW or IVV?
IPKW yields 3.37% while IVV yields 1.06%, so IPKW currently pays the higher dividend yield.
Is IVV better than IPKW?
IVV has a lower expense ratio. IPKW led over 1Y and 3Y, IVV over 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 44.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.