IVV vs PBD
iShares Core S&P 500 ETF vs Invesco Global Clean Energy ETF
Quick Verdict
IVV has a lower expense ratio. PBD delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PBD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $865.2B | $186M | |
| Dividend Yield | 1.09% | 1.55% | |
| Holdings | 508 | 126 | |
| YTD Return | +13.72% | +11.97% | |
| 1Y Return | +21.64% | +37.04% | |
| 3Y Return (annualized) | +21.55% | +3.20% | |
| 5Y Return (annualized) | +13.27% | -6.91% | |
| Volatility (annualized) | 15.1% | 29.4% | |
| Max Drawdown | -56.5% | -79.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 13, 2007 |
IVV vs PBD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Global Clean Energy ETF (PBD) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while PBD returned +37.04%. Year to date, IVV is up 13.72% versus a gain of 11.97% for PBD.
Over three years, IVV compounded at +21.55% per year against +3.20% for PBD; over five years the annualized figures are +13.27% and -6.91% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs -1.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBD has been the more volatile fund, with annualized monthly volatility of 29.4% 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 -79.3% for PBD. 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 0.76. 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 1.09% against 1.55% for PBD.
Holdings Overlap
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. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or PBD?
Over the past year IVV returned +21.64% vs +37.04% for PBD, so PBD leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.04% vs -1.01% for PBD. Past performance does not guarantee future results.
Which is riskier, IVV or PBD?
PBD has been the more volatile fund at 29.4% annualized versus 15.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PBD?
IVV and PBD share 2 common holdings with a 0.1% weight overlap. Combined, they hold 613 unique securities.
Which pays a higher dividend, IVV or PBD?
IVV yields 1.09% while PBD yields 1.55%, so PBD currently pays the higher dividend yield.
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