IVV vs PBTP
iShares Core S&P 500 ETF vs Invesco 0-5 Yr US TIPS 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 | PBTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.07% | |
| AUM | $907.0B | $130M | |
| Dividend Yield | 1.10% | 4.80% | |
| Holdings | 508 | 26 | |
| YTD Return | +12.28% | -0.54% | |
| 1Y Return | +20.94% | -0.76% | |
| 3Y Return (annualized) | +21.81% | +3.91% | |
| 5Y Return (annualized) | +13.05% | +2.40% | |
| Volatility (annualized) | 15.1% | 2.7% | |
| Max Drawdown | -56.5% | -5.4% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 19, 2017 |
IVV vs PBTP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco 0-5 Yr US TIPS ETF (PBTP) is a ETF from Invesco (US). Over the past year IVV returned +20.94% while PBTP returned -0.76%. Year to date, IVV is up 12.28% versus a loss of 0.54% for PBTP.
Over three years, IVV compounded at +21.81% per year against +3.91% for PBTP; over five years the annualized figures are +13.05% and +2.40% respectively. Across the full 9-year window we track, IVV has the edge at +6.98% annualized vs +2.90%. 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 2.7% for PBTP. 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 -5.4% for PBTP. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PBTP charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.80% for PBTP.
Holdings Overlap
IVV and PBTP share 0 holdings out of 529 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 PBTP?
IVV has an expense ratio of 0.03% while PBTP charges 0.07%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IVV or PBTP?
Over the past year IVV returned +20.94% vs -0.76% for PBTP, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +6.98% vs +2.90% for PBTP. Past performance does not guarantee future results.
Which is riskier, IVV or PBTP?
IVV has been the more volatile fund at 15.1% annualized versus 2.7% for PBTP. Worst drawdown: IVV -56.5% vs PBTP -5.4%.
Should I hold both IVV and PBTP?
IVV and PBTP have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PBTP?
IVV and PBTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, IVV or PBTP?
IVV yields 1.10% while PBTP yields 4.80%, so PBTP currently pays the higher dividend yield.
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