IVV vs PCM
iShares Core S&P 500 ETF vs PCM Fund Inc.
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 | PCM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.63% | |
| AUM | $865.2B | $71M | |
| Dividend Yield | 1.09% | 13.82% | |
| Holdings | 508 | 318 | |
| YTD Return | +13.43% | +0.32% | |
| 1Y Return | +22.61% | +1.92% | |
| 3Y Return (annualized) | +21.47% | -5.33% | |
| 5Y Return (annualized) | +13.26% | -3.73% | |
| Volatility (annualized) | 15.1% | 16.2% | |
| Max Drawdown | -56.5% | -73.2% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 2, 1993 |
IVV vs PCM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PCM Fund Inc. (PCM) is a ETF from PIMCO (US). Over the past year IVV returned +22.61% while PCM returned +1.92%. Year to date, IVV is up 13.43% versus a gain of 0.32% for PCM.
Over three years, IVV compounded at +21.47% per year against -5.33% for PCM; over five years the annualized figures are +13.26% and -3.73% respectively. Across the full 26-year window we track, IVV has the edge at +7.03% annualized vs -0.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PCM has been the more volatile fund, with annualized monthly volatility of 16.2% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 13.82% for PCM.
Holdings Overlap
IVV and PCM share 1 holdings out of 520 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PCM | Difference |
|---|---|---|---|
| VICI | 0.04% | 0.60% | 0.56% |
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. On a $10,000 investment, that is $160 per year of difference.
Which performed better, IVV or PCM?
Over the past year IVV returned +22.61% vs +1.92% for PCM, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.03% vs -0.65% for PCM. Past performance does not guarantee future results.
Which is riskier, IVV or PCM?
PCM has been the more volatile fund at 16.2% 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 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PCM?
IVV and PCM share 1 common holdings with a 0.0% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or PCM?
IVV yields 1.09% while PCM yields 13.82%, so PCM currently pays the higher dividend yield.
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