IVV vs PDI
iShares Core S&P 500 ETF vs PIMCO Dynamic Income Fund
Which is better, IVV or PDI?
Large Cap Blend against Diversified Sectoral Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | PDI |
|---|---|---|
| Expense Ratio | 0.03%Best | 5.12% |
| AUM | $876.4B | $7.5B |
| Dividend Yield | 1.06% | 16.96% |
| Holdings | 508 | 1,822 |
| YTD Return | +11.57%Best | -7.00% |
| 1Y Return | +17.57%Best | -12.72% |
| 3Y Return (annualized) | +20.71%Best | +8.94% |
| 5Y Return (annualized) | +12.80%Best | +2.08% |
| Volatility (annualized) | 14.1%Best | 14.6% |
| Max Drawdown | -33.9%Best | -48.0% |
| $10,000 over 5 years | $18,262Best | $11,084 |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Diversified Sectoral Bond |
| Inception | May 15, 2000 | May 25, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 25, 2012 to Sep 10, 2026 (14.3 years).
IVV vs PDI 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 PDI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO Dynamic Income Fund (PDI) is an ETF from PIMCO (US). Over the past year IVV returned +17.57% while PDI returned -12.72%. Year to date, IVV is up 11.57% versus a loss of 7.00% for PDI.
Over three years, IVV compounded at +20.71% per year against +8.94% for PDI; over five years the annualized figures are +12.80% and +2.08% respectively. Across the full 14-year window we track, IVV has the edge at +13.62% annualized vs +1.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDI has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.1% 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 -33.9% for IVV and -48.0% for PDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
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 1.06% against 16.96% for PDI.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 25 in PDI, totalling 100.0% and 6.4% of the two funds. That is not enough of PDI to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 309 days apart, IVV as of Aug 5, 2026 and PDI as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 25 in PDI, against full books of 508 and 1,822.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PDI | Difference |
|---|---|---|---|
| VICIVici Properties Inc | 0.04% | 0.33% | 0.29% |
You are not choosing between two funds in isolation.
Whichever of IVV and PDI 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 PDI?
IVV has an expense ratio of 0.03% while PDI charges 5.12%. IVV is the cheaper option, by $509 a year on a $10,000 investment.
Which performed better, IVV or PDI?
Over the past year IVV returned +17.57% vs -12.72% for PDI, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.62% vs +1.78% for PDI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PDI?
PDI has been the more volatile fund at 14.6% annualized versus 14.1% for IVV. Worst drawdown: IVV -33.9% vs PDI -48.0%.
Should I hold both IVV and PDI?
IVV and PDI have a monthly-return correlation of 0.60, 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 PDI?
IVV yields 1.06% while PDI yields 16.96%, so PDI currently pays the higher dividend yield.
Is PDI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.