IVV vs PBD
iShares Core S&P 500 ETF vs Invesco Global Clean Energy ETF
Which is better, IVV or PBD?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, PBD over 1Y. PBD is less concentrated, with 12.8% of the fund in its ten largest positions against 37.9%.
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 | PBD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $886.7B | $189M |
| Dividend Yield | 1.10% | 1.75% |
| Holdings | 508 | 124 |
| YTD Return | +13.39%Best | +6.93% |
| 1Y Return | +20.08% | +28.76%Best |
| 3Y Return (annualized) | +21.29%Best | +3.55% |
| 5Y Return (annualized) | +12.88%Best | -8.13% |
| Volatility (annualized) | 15.6%Best | 29.3% |
| Max Drawdown | -56.5%Best | -79.3% |
| $10,000 over 5 years | $18,327Best | $6,544 |
| Top 10 Weight | 37.9% | 12.8%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Jun 13, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2007 to Sep 4, 2026 (19.2 years).
IVV vs PBD 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 19.2 years both funds cover.
IVV vs PBD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Global Clean Energy ETF (PBD) is an ETF from Invesco (US). Over the past year IVV returned +20.08% while PBD returned +28.76%. Year to date, IVV is up 13.39% versus a gain of 6.93% for PBD.
Over three years, IVV compounded at +21.29% per year against +3.55% for PBD; over five years the annualized figures are +12.88% and -8.13% respectively. Across the full 19-year window we track, IVV has the edge at +9.26% annualized vs -1.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBD has been the more volatile fund, with annualized monthly volatility of 29.3% compared with 15.6% 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 -56.5% for IVV and -79.3% for PBD. 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
IVV charges 0.03% per year while PBD charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.75% for PBD.
Holdings Overlap
0.1% of IVV's money is in holdings PBD also owns. 2.3% of PBD's money is in holdings IVV also owns.
PBD and IVV share little of their money.
2 positions in common, counted across the 505 positions we hold weights for in IVV and 110 in PBD, against full books of 508 and 124.
What only one of them owns
Our book lists 27 positions for PBD that do not appear in our book for IVV (25.3% of the fund), and 495 for IVV that do not appear in PBD (99.3%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and PBD 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 PBD?
IVV has an expense ratio of 0.03% while PBD charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, IVV or PBD?
Over the past year IVV returned +20.08% vs +28.76% for PBD, so PBD leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +9.26% vs -1.24% for PBD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PBD?
PBD has been the more volatile fund at 29.3% annualized versus 15.6% for IVV. Worst drawdown: IVV -56.5% vs PBD -79.3%.
Should I hold both IVV and PBD?
IVV and PBD 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.
What is the holdings overlap between IVV and PBD?
2.3% of PBD's money is in holdings IVV also owns. 2.3% of PBD's is in holdings IVV also owns. They hold 2 positions in common, counted across the 505 positions we hold weights for in IVV and 110 in PBD.
Which pays a higher dividend, IVV or PBD?
IVV yields 1.10% while PBD yields 1.75%, so PBD currently pays the higher dividend yield.
Is PBD better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, PBD over 1Y. PBD is less concentrated, with 12.8% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.