IVV vs PABU
iShares Core S&P 500 ETF vs iShares Paris-Aligned Climate Optimized MSCI USA ETF
Which is better, IVV or PABU?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 47.8%.
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 | IVV | PABU |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.10% |
| AUM | $876.4B | $2.5B |
| Dividend Yield | 1.06% | 0.90% |
| Holdings | 508 | 97 |
| YTD Return | +12.27%Best | +8.69% |
| 1Y Return | +17.04%Best | +11.62% |
| 3Y Return (annualized) | +21.24%Best | +18.44% |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 15.2%Best | 16.5% |
| Max Drawdown | -19.2%Best | -20.8% |
| $10,000 over 4.4 years | $18,193Best | $16,765 |
| Top 10 Weight | 37.8%Best | 47.8% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Feb 8, 2022 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 20, 2022 to Sep 17, 2026 (4.4 years).
IVV vs PABU 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 4.4 years both funds cover.
IVV vs PABU Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.04% while PABU returned +11.62%. Year to date, IVV is up 12.27% versus a gain of 8.69% for PABU.
Over three years, IVV compounded at +21.24% per year against +18.44% for PABU. Across the full 4-year window we track, IVV has the edge at +14.57% annualized vs +12.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PABU has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 15.2% 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 -19.2% for IVV and -20.8% for PABU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PABU charges 0.10%. On a $10,000 position that is $3 vs $10 annually, a gap of $7 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.90% for PABU.
Holdings Overlap
50.2% of IVV's money is in holdings PABU also owns. 93.7% of PABU's money is in holdings IVV also owns.
Most of PABU is already inside IVV. Owning both mostly buys the same companies twice.
77 positions in common, counted across the 490 positions we hold weights for in IVV and 87 in PABU, against full books of 508 and 97.
What only one of them owns
Our book lists 10 positions for PABU that do not appear in our book for IVV (6.3% of the fund), and 405 for IVV that do not appear in PABU (48.5%).
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 IVV | Weight in PABU | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 9.55% | 1.48% |
| AAPLApple, Inc | 7.02% | 7.09% | 0.07% |
| MSFTMicrosoft Corp | 5.69% | 7.68% | 1.99% |
| AVGOBroadcom Inc | 2.65% | 3.63% | 0.98% |
| GOOGAlphabet Inc | 2.39% | 3.80% | 1.41% |
| AMZNAmazon.Com Inc | 3.84% | 1.88% | 1.96% |
| TSLATesla Inc | 1.56% | 3.28% | 1.72% |
| GOOGLAlphabet Inc,class A | 3.00% | 1.72% | 1.28% |
| LLYEli Lilly & Co. | 1.38% | 3.23% | 1.85% |
| AMDAdvanced Micro Devices Inc | 1.16% | 3.31% | 2.15% |
93.7% of PABU is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PABU?
IVV has an expense ratio of 0.03% while PABU charges 0.10%. IVV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, IVV or PABU?
Over the past year IVV returned +17.04% vs +11.62% for PABU, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +14.57% vs +12.46% for PABU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PABU?
PABU has been the more volatile fund at 16.5% annualized versus 15.2% for IVV. Worst drawdown: IVV -19.2% vs PABU -20.8%.
Should I hold both IVV and PABU?
IVV and PABU have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and PABU?
93.7% of PABU's money is in holdings IVV also owns. 93.7% of PABU's is in holdings IVV also owns. They hold 77 positions in common, counted across the 490 positions we hold weights for in IVV and 87 in PABU.
Which pays a higher dividend, IVV or PABU?
IVV yields 1.06% while PABU yields 0.90%, so IVV currently pays the higher dividend yield.
Is PABU better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.