IVV vs PBJ
iShares Core S&P 500 ETF vs Invesco Food and Beverage ETF
Which is better, IVV or PBJ?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.7%.
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 | PBJ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.61% |
| AUM | $886.7B | $94M |
| Dividend Yield | 1.10% | 1.26% |
| Holdings | 508 | 32 |
| YTD Return | +12.70%Best | +6.63% |
| 1Y Return | +19.36%Best | +1.37% |
| 3Y Return (annualized) | +21.16%Best | +4.00% |
| 5Y Return (annualized) | +12.75%Best | +3.71% |
| Volatility (annualized) | 15.0% | 13.0%Best |
| Max Drawdown | -56.5% | -41.7%Best |
| $10,000 over 5 years | $18,221Best | $11,998 |
| Top 10 Weight | 37.9%Best | 46.7% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Jun 23, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Sep 8, 2026 (21.2 years).
IVV vs PBJ 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 21.2 years both funds cover.
IVV vs PBJ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Food and Beverage ETF (PBJ) is an ETF from Invesco (US). Over the past year IVV returned +19.36% while PBJ returned +1.37%. Year to date, IVV is up 12.70% versus a gain of 6.63% for PBJ.
Over three years, IVV compounded at +21.16% per year against +4.00% for PBJ; over five years the annualized figures are +12.75% and +3.71% respectively. Across the full 21-year window we track, IVV has the edge at +9.55% annualized vs +6.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.0% 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 what each fund did in the worst stretch of the window measured above.
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
1.4% of IVV's money is in holdings PBJ also owns. 45.0% of PBJ's money is in holdings IVV also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 504 positions we hold weights for in IVV and 31 in PBJ, against full books of 508 and 32.
What only one of them owns
Measured across the 504 and 31 positions we hold weights for.
IVV holds 483 positions PBJ does not, 97.9% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in IVV | Weight in PBJ | Difference |
|---|---|---|---|
| KOCoca-cola Co. | 0.51% | 5.41% | 4.90% |
| MNSTMonster Beverage Corp. | 0.10% | 5.41% | 5.31% |
| SBUXStarbucks Corp 2.45 6/26 | 0.18% | 5.20% | 5.02% |
| ADMArcher-Daniels-Midland Co. | 0.06% | 5.14% | 5.08% |
| PEPPepsico Inc. | 0.29% | 4.80% | 4.51% |
| CTVACorteva Inc. | 0.08% | 4.97% | 4.89% |
| HSYHershey Co. | 0.04% | 4.71% | 4.67% |
| KRKroger Co. | 0.05% | 4.50% | 4.45% |
| TSNTyson Foods Inc. Class A | 0.02% | 2.47% | 2.45% |
| BGBunge Global Sa Common Shares | 0.02% | 2.43% | 2.41% |
45.0% of PBJ is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $58 a year on a $10,000 investment.
Which performed better, IVV or PBJ?
Over the past year IVV returned +19.36% vs +1.37% for PBJ, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +9.55% vs +6.01% for PBJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PBJ?
IVV has been the more volatile fund at 15.0% 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 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 PBJ?
45.0% of PBJ's money is in holdings IVV also owns. 45.0% of PBJ's is in holdings IVV also owns. They hold 10 positions in common, counted across the 504 positions we hold weights for in IVV and 31 in PBJ.
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.
Is PBJ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.