IVV vs PBUS
iShares Core S&P 500 ETF vs Invesco MSCI USA ETF
Which is better, IVV or PBUS?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, PBUS over the full window. The two have moved almost in lockstep, correlation 0.99. PBUS is less concentrated, with 36.9% of the fund in its ten largest positions against 37.8%.
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 | PBUS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $876.4B | $11.6B |
| Dividend Yield | 1.06% | 1.03% |
| Holdings | 508 | 530 |
| YTD Return | +11.03%Best | +10.26% |
| 1Y Return | +15.62%Best | +14.28% |
| 3Y Return (annualized) | +20.81%Best | +20.56% |
| 5Y Return (annualized) | +12.61%Best | +11.91% |
| Volatility (annualized) | 16.2% | 16.1%Best |
| Max Drawdown | -33.9% | -33.2%Best |
| $10,000 over 5 years | $18,109Best | $17,553 |
| Top 10 Weight | 37.8% | 36.9%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 22, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2017 to Sep 16, 2026 (9 years).
IVV vs PBUS 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 9 years both funds cover.
IVV vs PBUS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco MSCI USA ETF (PBUS) is an ETF from Invesco (US). Over the past year IVV returned +15.62% while PBUS returned +14.28%. Year to date, IVV is up 11.03% versus a gain of 10.26% for PBUS.
Over three years, IVV compounded at +20.81% per year against +20.56% for PBUS; over five years the annualized figures are +12.61% and +11.91% respectively. Across the full 9-year window we track, PBUS has the edge at +14.72% annualized vs +13.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 16.1% for PBUS. 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 -33.9% for IVV and -33.2% for PBUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 PBUS charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.03% for PBUS.
Holdings Overlap
95.3% of IVV's money is in holdings PBUS also owns. 93.9% of PBUS's money is in holdings IVV also owns.
Most of IVV is already inside PBUS. Owning both mostly buys the same companies twice.
415 positions in common, counted across the 490 positions we hold weights for in IVV and 500 in PBUS, against full books of 508 and 530.
What only one of them owns
Our book lists 74 positions for PBUS that do not appear in our book for IVV (3.5% of the fund), and 69 for IVV that do not appear in PBUS (3.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PBUS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.70% | 0.37% |
| AAPLApple, Inc | 7.02% | 7.03% | 0.01% |
| MSFTMicrosoft Corp | 5.69% | 5.41% | 0.28% |
| AMZNAmazon.Com Inc | 3.84% | 3.80% | 0.04% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.98% | 0.02% |
| AVGOBroadcom Inc | 2.65% | 2.52% | 0.13% |
| GOOGAlphabet Inc | 2.39% | 2.34% | 0.05% |
| METAMeta Platforms Inc | 1.90% | 1.90% | 0.00% |
| MUMicron Technology, Inc. | 1.63% | 1.63% | 0.00% |
| TSLATesla Inc | 1.56% | 1.56% | 0.00% |
95.3% of IVV is already inside PBUS.
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 PBUS?
IVV has an expense ratio of 0.03% while PBUS charges 0.04%. IVV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, IVV or PBUS?
Over the past year IVV returned +15.62% vs +14.28% for PBUS, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +13.99% vs +14.72% for PBUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PBUS?
IVV has been the more volatile fund at 16.2% annualized versus 16.1% for PBUS. Worst drawdown: IVV -33.9% vs PBUS -33.2%.
Should I hold both IVV and PBUS?
IVV and PBUS have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and PBUS?
95.3% of IVV's money is in holdings PBUS also owns. 93.9% of PBUS's is in holdings IVV also owns. They hold 415 positions in common, counted across the 490 positions we hold weights for in IVV and 500 in PBUS.
Which pays a higher dividend, IVV or PBUS?
IVV yields 1.06% while PBUS yields 1.03%, so IVV currently pays the higher dividend yield.
Is PBUS better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, PBUS over the full window. The two have moved almost in lockstep, correlation 0.99. PBUS is less concentrated, with 36.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.