IVV vs PCMM
iShares Core S&P 500 ETF vs BondBloxx Private Credit CLO ETF
Which is better, IVV or PCMM?
Large Cap Blend against Bank Loan.
IVV has a lower expense ratio. IVV led over 1Y 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 | PCMM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.68% |
| AUM | $876.4B | $209M |
| Dividend Yield | 1.06% | 6.36% |
| Holdings | 508 | 82 |
| YTD Return | +13.85%Best | +3.85% |
| 1Y Return | +18.57%Best | +5.13% |
| 3Y Return (annualized) | +23.50% | - |
| 5Y Return (annualized) | +13.34% | - |
| Volatility (annualized) | 12.6% | 2.5%Best |
| Max Drawdown | -18.8% | -4.0%Best |
| $10,000 over 1.8 years | $13,062Best | $11,335 |
| Fund Family | iShares by BlackRock (US) | BondBloxx |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Bank Loan |
| Inception | May 15, 2000 | Dec 2, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 3, 2024 to Sep 25, 2026 (1.8 years).
IVV vs PCMM 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 1.8 years both funds cover.
IVV vs PCMM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and BondBloxx Private Credit CLO ETF (PCMM) is an ETF from BondBloxx. Over the past year IVV returned +18.57% while PCMM returned +5.13%. Year to date, IVV is up 13.85% versus a gain of 3.85% for PCMM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 2.5% for PCMM. 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 -18.8% for IVV and -4.0% for PCMM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PCMM charges 0.68%. On a $10,000 position that is $3 vs $68 annually, a gap of $65 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 6.36% for PCMM.
You are not choosing between two funds in isolation.
Whichever of IVV and PCMM 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 PCMM?
IVV has an expense ratio of 0.03% while PCMM charges 0.68%. IVV is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, IVV or PCMM?
Over the past year IVV returned +18.57% vs +5.13% for PCMM, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +16.00% vs +7.21% for PCMM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PCMM?
IVV has been the more volatile fund at 12.6% annualized versus 2.5% for PCMM. Worst drawdown: IVV -18.8% vs PCMM -4.0%.
Should I hold both IVV and PCMM?
IVV and PCMM have a monthly-return correlation of 0.38, 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 PCMM?
IVV yields 1.06% while PCMM yields 6.36%, so PCMM currently pays the higher dividend yield.
Is PCMM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.