IVV vs PBJ
iShares Core S&P 500 ETF vs Invesco Food and Beverage ETF
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 | PBJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.61% | |
| AUM | $907.0B | $91M | |
| Dividend Yield | 1.10% | 1.26% | |
| Holdings | 508 | 32 | |
| YTD Return | +14.29% | +8.12% | |
| 1Y Return | +21.79% | +2.56% | |
| 3Y Return (annualized) | +22.19% | +4.04% | |
| 5Y Return (annualized) | +13.28% | +3.76% | |
| Volatility (annualized) | 15.1% | 13.0% | |
| Max Drawdown | -56.5% | -41.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 23, 2005 |
IVV vs PBJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Food and Beverage ETF (PBJ) is a ETF from Invesco (US). Over the past year IVV returned +21.79% while PBJ returned +2.56%. Year to date, IVV is up 14.29% versus a gain of 8.12% for PBJ.
Over three years, IVV compounded at +22.19% per year against +4.04% for PBJ; over five years the annualized figures are +13.28% and +3.76% respectively. Across the full 21-year window we track, IVV has the edge at +7.06% annualized vs +6.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.0% for PBJ. 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 -41.7% for PBJ. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PBJ charges 0.61%. On a $10,000 position that is $3 vs $61 annually, a gap of $58 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.26% for PBJ.
Holdings Overlap
IVV and PBJ share 10 holdings out of 526 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PBJ?
IVV has an expense ratio of 0.03% while PBJ charges 0.61%. IVV is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, IVV or PBJ?
Over the past year IVV returned +21.79% vs +2.56% for PBJ, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.06% vs +6.10% for PBJ. Past performance does not guarantee future results.
Which is riskier, IVV or PBJ?
IVV has been the more volatile fund at 15.1% annualized versus 13.0% for PBJ. Worst drawdown: IVV -56.5% vs PBJ -41.7%.
Should I hold both IVV and PBJ?
IVV and PBJ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PBJ?
IVV and PBJ share 10 common holdings with a 1.4% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, IVV or PBJ?
IVV yields 1.10% while PBJ yields 1.26%, so PBJ currently pays the higher dividend yield.
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