IVV vs PBL
iShares Core S&P 500 ETF vs PGIM Portfolio Ballast ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PBL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.45% | |
| AUM | $865.2B | $77M | |
| Dividend Yield | 1.09% | 2.07% | |
| Holdings | 508 | 12 | |
| YTD Return | +13.43% | +9.85% | |
| 1Y Return | +22.61% | +13.40% | |
| 3Y Return (annualized) | +21.47% | +13.55% | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 9.0% | |
| Max Drawdown | -56.5% | -11.8% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Dec 12, 2022 |
IVV vs PBL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Portfolio Ballast ETF (PBL) is a ETF from PGIM Investments. Over the past year IVV returned +22.61% while PBL returned +13.40%. Year to date, IVV is up 13.43% versus a gain of 9.85% for PBL.
Over three years, IVV compounded at +21.47% per year against +13.55% for PBL. Across the full 4-year window we track, PBL has the edge at +12.69% annualized vs +7.03%. 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 9.0% for PBL. 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 -11.8% for PBL. 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 0.98. 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 PBL charges 0.45%. On a $10,000 position that is $3 vs $45 annually, a gap of $42 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.07% for PBL.
Holdings Overlap
IVV and PBL share 0 holdings out of 512 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PBL?
IVV has an expense ratio of 0.03% while PBL charges 0.45%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, IVV or PBL?
Over the past year IVV returned +22.61% vs +13.40% for PBL, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.03% vs +12.69% for PBL. Past performance does not guarantee future results.
Which is riskier, IVV or PBL?
IVV has been the more volatile fund at 15.1% annualized versus 9.0% for PBL. Worst drawdown: IVV -56.5% vs PBL -11.8%.
Should I hold both IVV and PBL?
IVV and PBL have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and PBL?
IVV and PBL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, IVV or PBL?
IVV yields 1.09% while PBL yields 2.07%, so PBL currently pays the higher dividend yield.
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