IVV vs PBFR
iShares Core S&P 500 ETF vs PGIM Laddered S&P 500 Buffer 20 ETF
Which is better, IVV or PBFR?
Large Cap Blend against Option Writing.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 83.3%.
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 | PBFR |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $219M |
| Dividend Yield | 1.06% | 0.01% |
| Holdings | 508 | 16 |
| YTD Return | +12.39%Best | +6.69% |
| 1Y Return | +16.61%Best | +9.33% |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 11.9% | 4.3%Best |
| Max Drawdown | -18.8% | -8.5%Best |
| $10,000 over 2.3 years | $14,559Best | $12,477 |
| Top 10 Weight | 37.8%Best | 83.3% |
| Fund Family | iShares by BlackRock (US) | PGIM Investments |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | May 15, 2000 | Jun 11, 2024 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 13, 2024 to Sep 18, 2026 (2.3 years).
IVV vs PBFR 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 2.3 years both funds cover.
IVV vs PBFR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) is an ETF from PGIM Investments. Over the past year IVV returned +16.61% while PBFR returned +9.33%. Year to date, IVV is up 12.39% versus a gain of 6.69% for PBFR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 4.3% for PBFR. 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 -18.8% for IVV and -8.5% for PBFR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PBFR charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.01% for PBFR.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 12 in PBFR, totalling 99.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 12 in PBFR, against full books of 508 and 16.
What only one of them owns
Our book lists 12 positions for PBFR that do not appear in our book for IVV (100.0% of the fund), and 482 for IVV that do not appear in PBFR (98.6%).
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 PBFR 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 PBFR?
IVV has an expense ratio of 0.03% while PBFR charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or PBFR?
Over the past year IVV returned +16.61% vs +9.33% for PBFR, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +17.74% vs +10.10% for PBFR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PBFR?
IVV has been the more volatile fund at 11.9% annualized versus 4.3% for PBFR. Worst drawdown: IVV -18.8% vs PBFR -8.5%.
Should I hold both IVV and PBFR?
IVV and PBFR have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or PBFR?
IVV yields 1.06% while PBFR yields 0.01%, so IVV currently pays the higher dividend yield.
Is PBFR better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 83.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.