IVV vs PBJN
iShares Core S&P 500 ETF vs PGIM S&P 500 Buffer 20 ETF - June
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 | PBJN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $57M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 8 | |
| YTD Return | +12.28% | +4.30% | |
| 1Y Return | +20.94% | +7.90% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 4.9% | |
| Max Drawdown | -56.5% | -8.7% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | May 31, 2024 |
IVV vs PBJN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM S&P 500 Buffer 20 ETF - June (PBJN) is a ETF from PGIM Investments. Over the past year IVV returned +20.94% while PBJN returned +7.90%. Year to date, IVV is up 12.28% versus a gain of 4.30% for PBJN.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.9% for PBJN. 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 -8.7% for PBJN. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PBJN 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 1.10% against 0.00% for PBJN.
Frequently Asked Questions
Which is cheaper, IVV or PBJN?
IVV has an expense ratio of 0.03% while PBJN charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or PBJN?
Over the past year IVV returned +20.94% vs +7.90% for PBJN, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +10.51% for PBJN. Past performance does not guarantee future results.
Which is riskier, IVV or PBJN?
IVV has been the more volatile fund at 15.1% annualized versus 4.9% for PBJN. Worst drawdown: IVV -56.5% vs PBJN -8.7%.
Should I hold both IVV and PBJN?
IVV and PBJN have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or PBJN?
IVV yields 1.10% while PBJN yields 0.00%, so IVV currently pays the higher dividend yield.
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