IVV vs PCR
iShares Core S&P 500 ETF vs Simplify VettaFi Private Credit Strategy ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PCR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.76% | |
| AUM | $886.7B | $2M | |
| Dividend Yield | 1.10% | 10.24% | |
| Holdings | 508 | 270 | |
| YTD Return | +12.64% | -9.18% | |
| 1Y Return | +20.92% | -14.60% | |
| 3Y Return (annualized) | +21.07% | - | |
| 5Y Return (annualized) | +12.62% | - | |
| Volatility (annualized) | 15.1% | 16.2% | |
| Max Drawdown | -56.5% | -20.1% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 22, 2025 |
IVV vs PCR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify VettaFi Private Credit Strategy ETF (PCR) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +20.92% while PCR returned -14.60%. Year to date, IVV is up 12.64% versus a loss of 9.18% for PCR.
Risk: Volatility and Drawdowns
PCR 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 -20.1% for PCR. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PCR charges 0.76%. On a $10,000 position that is $3 vs $76 annually, a gap of $73 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 10.24% for PCR.
Holdings Overlap
IVV and PCR share 119 holdings out of 643 unique holdings combined, representing a 14.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PCR?
IVV has an expense ratio of 0.03% while PCR charges 0.76%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, IVV or PCR?
Over the past year IVV returned +20.92% vs -14.60% for PCR, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, IVV or PCR?
PCR has been the more volatile fund at 16.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PCR -20.1%.
Should I hold both IVV and PCR?
IVV and PCR have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PCR?
IVV and PCR share 119 common holdings with a 14.5% weight overlap. Combined, they hold 643 unique securities.
Which pays a higher dividend, IVV or PCR?
IVV yields 1.10% while PCR yields 10.24%, so PCR currently pays the higher dividend yield.
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