IVV vs PBE
iShares Core S&P 500 ETF vs Invesco Biotechnology and Genome ETF
Quick Verdict
IVV has a lower expense ratio. PBE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PBE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.58% | |
| AUM | $865.2B | $283M | |
| Dividend Yield | 1.09% | 1.73% | |
| Holdings | 508 | 33 | |
| YTD Return | +13.80% | +15.19% | |
| 1Y Return | +23.01% | +47.27% | |
| 3Y Return (annualized) | +21.77% | +15.54% | |
| 5Y Return (annualized) | +13.39% | +4.86% | |
| Volatility (annualized) | 15.1% | 21.2% | |
| Max Drawdown | -56.5% | -45.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 23, 2005 |
IVV vs PBE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Biotechnology and Genome ETF (PBE) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while PBE returned +47.27%. Year to date, IVV is up 13.80% versus a gain of 15.19% for PBE.
Over three years, IVV compounded at +21.77% per year against +15.54% for PBE; over five years the annualized figures are +13.39% and +4.86% respectively. Across the full 21-year window we track, PBE has the edge at +9.27% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBE has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -45.7% for PBE. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PBE charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.73% for PBE.
Holdings Overlap
IVV and PBE share 7 holdings out of 529 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 PBE?
IVV has an expense ratio of 0.03% while PBE charges 0.58%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, IVV or PBE?
Over the past year IVV returned +23.01% vs +47.27% for PBE, so PBE leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.04% vs +9.27% for PBE. Past performance does not guarantee future results.
Which is riskier, IVV or PBE?
PBE has been the more volatile fund at 21.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PBE -45.7%.
Should I hold both IVV and PBE?
IVV and PBE have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PBE?
IVV and PBE share 7 common holdings with a 0.9% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, IVV or PBE?
IVV yields 1.09% while PBE yields 1.73%, so PBE currently pays the higher dividend yield.
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