IVV vs PCOV
iShares Core S&P 500 ETF vs Principal Equity Premium Income ETF
Which is better, IVV or PCOV?
IVV costs less.
IVV has a lower expense ratio. PCOV is less concentrated, with 32.6% 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 | PCOV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.34% |
| AUM | $876.4B | $10M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 49 |
| YTD Return | +11.51%Best | -3.61% |
| 1Y Return | +15.96% | - |
| 3Y Return (annualized) | +21.01% | - |
| 5Y Return (annualized) | +12.66% | - |
| Top 10 Weight | 37.8% | 32.6%Best |
| Fund Family | iShares by BlackRock (US) | PRINCIPAL EXCHANGE-TRADED FUNDS |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Aug 18, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs PCOV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs PCOV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Principal Equity Premium Income ETF (PCOV) is an ETF from PRINCIPAL EXCHANGE-TRADED FUNDS. Year to date, IVV is up 11.51% versus a loss of 3.61% for PCOV.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while PCOV charges 0.34%. On a $10,000 position that is $3 vs $34 annually, a gap of $31 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for PCOV.
Holdings Overlap
29.8% of IVV's money is in holdings PCOV also owns. 88.2% of PCOV's money is in holdings IVV also owns.
Most of PCOV is already inside IVV. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 490 positions we hold weights for in IVV and 49 in PCOV, against full books of 508 and 49.
What only one of them owns
Our book lists 3 positions for PCOV that do not appear in our book for IVV (5.1% of the fund), and 440 for IVV that do not appear in PCOV (68.8%).
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 PCOV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 4.54% | 2.48% |
| MSFTMicrosoft Corp | 5.69% | 4.09% | 1.60% |
| JPMJpmorgan Chase | 1.44% | 4.02% | 2.58% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.33% | 0.67% |
| AVGOBroadcom Inc | 2.65% | 2.24% | 0.41% |
| MSMorgan Stanley | 0.39% | 3.23% | 2.84% |
| COSTCostco Wholesale Corp. | 0.63% | 2.86% | 2.23% |
| MRKMerck & Company Inc | 0.55% | 2.70% | 2.15% |
| WMTWalmart, Inc. | 0.69% | 2.52% | 1.83% |
| LLYEli Lilly & Co. | 1.38% | 1.82% | 0.44% |
88.2% of PCOV is already inside IVV.
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 PCOV?
IVV has an expense ratio of 0.03% while PCOV charges 0.34%. IVV is the cheaper option, by $31 a year on a $10,000 investment.
What is the holdings overlap between IVV and PCOV?
88.2% of PCOV's money is in holdings IVV also owns. 88.2% of PCOV's is in holdings IVV also owns. They hold 42 positions in common, counted across the 490 positions we hold weights for in IVV and 49 in PCOV.
Which pays a higher dividend, IVV or PCOV?
IVV yields 1.06% while PCOV yields 0.00%, so IVV currently pays the higher dividend yield.
Is PCOV better than IVV?
IVV has a lower expense ratio. PCOV is less concentrated, with 32.6% 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.