IVV vs PAXS
iShares Core S&P 500 ETF vs PIMCO Access Income Fund
Which is better, IVV or PAXS?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window.
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 | PAXS |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.09% |
| AUM | $876.4B | $694M |
| Dividend Yield | 1.06% | 12.33% |
| Holdings | 508 | 443 |
| YTD Return | +11.57%Best | -1.15% |
| 1Y Return | +17.57%Best | -3.87% |
| 3Y Return (annualized) | +20.71%Best | +11.29% |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 15.7%Best | 15.9% |
| Max Drawdown | -22.1%Best | -22.3% |
| $10,000 over 4.6 years | $18,688Best | $11,877 |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Jan 31, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Jan 27, 2022 to Sep 10, 2026 (4.6 years).
IVV vs PAXS 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 4.6 years both funds cover.
IVV vs PAXS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO Access Income Fund (PAXS) is an ETF from PIMCO (US). Over the past year IVV returned +17.57% while PAXS returned -3.87%. Year to date, IVV is up 11.57% versus a loss of 1.15% for PAXS.
Over three years, IVV compounded at +20.71% per year against +11.29% for PAXS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAXS has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.7% 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 -22.1% for IVV and -22.3% for PAXS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PAXS charges 2.09%. On a $10,000 position that is $3 vs $209 annually, a gap of $206 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 12.33% for PAXS.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 9 in PAXS, totalling 100.0% and 8.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 309 days apart, IVV as of Aug 5, 2026 and PAXS as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 9 in PAXS, against full books of 508 and 443.
You are not choosing between two funds in isolation.
Whichever of IVV and PAXS 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, IVV or PAXS?
IVV has an expense ratio of 0.03% while PAXS charges 2.09%. IVV is the cheaper option, by $206 a year on a $10,000 investment.
Which performed better, IVV or PAXS?
Over the past year IVV returned +17.57% vs -3.87% for PAXS, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PAXS?
PAXS has been the more volatile fund at 15.9% annualized versus 15.7% for IVV. Worst drawdown: IVV -22.1% vs PAXS -22.3%.
Should I hold both IVV and PAXS?
IVV and PAXS have a monthly-return correlation of 0.61, 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, IVV or PAXS?
IVV yields 1.06% while PAXS yields 12.33%, so PAXS currently pays the higher dividend yield.
Is PAXS better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.