IVV vs PAWZ
iShares Core S&P 500 ETF vs Proshares Pet Care ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PAWZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $34M | |
| Dividend Yield | 1.10% | 0.69% | |
| Holdings | 508 | 28 | |
| YTD Return | +12.71% | -2.61% | |
| 1Y Return | +21.89% | -8.17% | |
| 3Y Return (annualized) | +22.08% | +2.66% | |
| 5Y Return (annualized) | +12.96% | -8.03% | |
| Volatility (annualized) | 15.1% | 21.8% | |
| Max Drawdown | -56.5% | -50.1% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 5, 2018 |
IVV vs PAWZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Proshares Pet Care ETF (PAWZ) is a ETF from ProShares. Over the past year IVV returned +21.89% while PAWZ returned -8.17%. Year to date, IVV is up 12.71% versus a loss of 2.61% for PAWZ.
Over three years, IVV compounded at +22.08% per year against +2.66% for PAWZ; over five years the annualized figures are +12.96% and -8.03% respectively. Across the full 8-year window we track, IVV has the edge at +7.00% annualized vs +4.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAWZ has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -56.5% for IVV and -50.1% for PAWZ. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PAWZ charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.69% for PAWZ.
Holdings Overlap
IVV and PAWZ share 8 holdings out of 524 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PAWZ?
IVV has an expense ratio of 0.03% while PAWZ charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or PAWZ?
Over the past year IVV returned +21.89% vs -8.17% for PAWZ, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.00% vs +4.07% for PAWZ. Past performance does not guarantee future results.
Which is riskier, IVV or PAWZ?
PAWZ has been the more volatile fund at 21.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PAWZ -50.1%.
Should I hold both IVV and PAWZ?
IVV and PAWZ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PAWZ?
IVV and PAWZ share 8 common holdings with a 0.9% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, IVV or PAWZ?
IVV yields 1.10% while PAWZ yields 0.69%, so IVV currently pays the higher dividend yield.
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