IVV vs PAXS
iShares Core S&P 500 ETF vs PIMCO Access Income Fund
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 | PAXS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.09% | |
| AUM | $907.0B | $694M | |
| Dividend Yield | 1.10% | 12.25% | |
| Holdings | 508 | 443 | |
| YTD Return | +14.29% | +1.11% | |
| 1Y Return | +21.79% | +2.74% | |
| 3Y Return (annualized) | +22.19% | +11.35% | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 16.1% | |
| Max Drawdown | -56.5% | -22.3% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 31, 2022 |
IVV vs PAXS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO Access Income Fund (PAXS) is a ETF from PIMCO (US). Over the past year IVV returned +21.79% while PAXS returned +2.74%. Year to date, IVV is up 14.29% versus a gain of 1.11% for PAXS.
Over three years, IVV compounded at +22.19% per year against +11.35% for PAXS. Across the full 5-year window we track, IVV has the edge at +7.06% annualized vs +4.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAXS has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -22.3% for PAXS. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 12.25% for PAXS.
Holdings Overlap
IVV and PAXS share 0 holdings out of 514 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, IVV or PAXS?
IVV has an expense ratio of 0.03% while PAXS charges 2.09%. IVV is the cheaper option. On a $10,000 investment, that is $206 per year of difference.
Which performed better, IVV or PAXS?
Over the past year IVV returned +21.79% vs +2.74% for PAXS, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.06% vs +4.40% for PAXS. Past performance does not guarantee future results.
Which is riskier, IVV or PAXS?
PAXS has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PAXS -22.3%.
Should I hold both IVV and PAXS?
IVV and PAXS have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PAXS?
IVV and PAXS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or PAXS?
IVV yields 1.10% while PAXS yields 12.25%, so PAXS currently pays the higher dividend yield.
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