IVV vs PDI
iShares Core S&P 500 ETF vs PIMCO Dynamic Income Fund
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 | PDI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 5.12% | |
| AUM | $865.2B | $7.4B | |
| Dividend Yield | 1.09% | 16.61% | |
| Holdings | 508 | 1,822 | |
| YTD Return | +14.50% | -3.34% | |
| 1Y Return | +22.02% | -5.02% | |
| 3Y Return (annualized) | +21.80% | +8.17% | |
| 5Y Return (annualized) | +13.37% | +2.03% | |
| Volatility (annualized) | 15.1% | 14.6% | |
| Max Drawdown | -56.5% | -48.0% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 25, 2012 |
IVV vs PDI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO Dynamic Income Fund (PDI) is a ETF from PIMCO (US). Over the past year IVV returned +22.02% while PDI returned -5.02%. Year to date, IVV is up 14.50% versus a loss of 3.34% for PDI.
Over three years, IVV compounded at +21.80% per year against +8.17% for PDI; over five years the annualized figures are +13.37% and +2.03% respectively. Across the full 14-year window we track, IVV has the edge at +7.07% annualized vs +2.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.6% for PDI. 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 -48.0% for PDI. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PDI charges 5.12%. On a $10,000 position that is $3 vs $512 annually, a gap of $509 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 16.61% for PDI.
Holdings Overlap
IVV and PDI share 1 holdings out of 529 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 PDI | Difference |
|---|---|---|---|
| VICI | 0.04% | 0.33% | 0.29% |
Frequently Asked Questions
Which is cheaper, IVV or PDI?
IVV has an expense ratio of 0.03% while PDI charges 5.12%. IVV is the cheaper option. On a $10,000 investment, that is $509 per year of difference.
Which performed better, IVV or PDI?
Over the past year IVV returned +22.02% vs -5.02% for PDI, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +7.07% vs +2.07% for PDI. Past performance does not guarantee future results.
Which is riskier, IVV or PDI?
IVV has been the more volatile fund at 15.1% annualized versus 14.6% for PDI. Worst drawdown: IVV -56.5% vs PDI -48.0%.
Should I hold both IVV and PDI?
IVV and PDI have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PDI?
IVV and PDI share 1 common holdings with a 0.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, IVV or PDI?
IVV yields 1.09% while PDI yields 16.61%, so PDI currently pays the higher dividend yield.
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