IVV vs PCM
iShares Core S&P 500 ETF vs PCM Fund Inc.
Which is better, IVV or PCM?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | PCM |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.63% |
| AUM | $876.4B | $69M |
| Dividend Yield | 1.06% | 13.99% |
| Holdings | 508 | 318 |
| YTD Return | +14.15%Best | -8.92% |
| 1Y Return | +17.31%Best | -13.99% |
| 3Y Return (annualized) | +23.17%Best | -7.60% |
| 5Y Return (annualized) | +13.85%Best | -4.77% |
| Volatility (annualized) | 15.1%Best | 17.2% |
| Max Drawdown | -56.5%Best | -73.2% |
| $10,000 over 5 years | $19,128Best | $7,832 |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Sep 2, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 21, 2026 (26.3 years).
IVV vs PCM 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 26.3 years both funds cover.
IVV vs PCM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PCM Fund Inc. (PCM) is an ETF from PIMCO (US). Over the past year IVV returned +17.31% while PCM returned -13.99%. Year to date, IVV is up 14.15% versus a loss of 8.92% for PCM.
Over three years, IVV compounded at +23.17% per year against -7.60% for PCM; over five years the annualized figures are +13.85% and -4.77% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs -0.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PCM has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.1% for IVV. 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 -73.2% for PCM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PCM charges 1.63%. On a $10,000 position that is $3 vs $163 annually, a gap of $160 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 13.99% for PCM.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 16 in PCM, totalling 99.3% and 7.7% of the two funds. That is not enough of PCM to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 335 days apart, IVV as of Aug 31, 2026 and PCM as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 490 positions we hold weights for in IVV and 16 in PCM, against full books of 508 and 318.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PCM | Difference |
|---|---|---|---|
| VICIVici Properties Inc | 0.04% | 0.60% | 0.56% |
You are not choosing between two funds in isolation.
Whichever of IVV and PCM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PCM?
IVV has an expense ratio of 0.03% while PCM charges 1.63%. IVV is the cheaper option, by $160 a year on a $10,000 investment.
Which performed better, IVV or PCM?
Over the past year IVV returned +17.31% vs -13.99% for PCM, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.02% vs -0.90% for PCM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PCM?
PCM has been the more volatile fund at 17.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PCM -73.2%.
Should I hold both IVV and PCM?
IVV and PCM have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or PCM?
IVV yields 1.06% while PCM yields 13.99%, so PCM currently pays the higher dividend yield.
Is PCM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.