IVV vs PDO
iShares Core S&P 500 ETF vs PIMCO Dynamic Income Opportunities Fund
Which is better, IVV or PDO?
IVV has been ahead.
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 | PDO |
|---|---|---|
| Expense Ratio | 0.03%Best | 5.22% |
| AUM | $886.7B | $1.9B |
| Dividend Yield | 1.10% | 12.02% |
| Holdings | 508 | 635 |
| YTD Return | +12.70%Best | -2.46% |
| 1Y Return | +19.36%Best | +0.16% |
| 3Y Return (annualized) | +21.16%Best | +12.07% |
| 5Y Return (annualized) | +12.75%Best | +1.58% |
| Volatility (annualized) | 15.2%Best | 17.2% |
| Max Drawdown | -24.5%Best | -36.8% |
| $10,000 over 5 years | $18,221Best | $10,815 |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Jan 29, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 27, 2021 to Sep 8, 2026 (5.6 years).
IVV vs PDO 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 5.6 years both funds cover.
IVV vs PDO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO Dynamic Income Opportunities Fund (PDO) is an ETF from PIMCO (US). Over the past year IVV returned +19.36% while PDO returned +0.16%. Year to date, IVV is up 12.70% versus a loss of 2.46% for PDO.
Over three years, IVV compounded at +21.16% per year against +12.07% for PDO; over five years the annualized figures are +12.75% and +1.58% respectively. Across the full 6-year window we track, IVV has the edge at +15.17% annualized vs +3.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDO has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.2% 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 -24.5% for IVV and -36.8% for PDO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PDO charges 5.22%. On a $10,000 position that is $3 vs $522 annually, a gap of $519 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 12.02% for PDO.
Holdings Overlap
We hold position weights for 504 holdings in IVV and 17 in PDO, totalling 100.0% and 9.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 309 days apart, IVV as of Aug 5, 2026 and PDO as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 504 positions we hold weights for in IVV and 17 in PDO, against full books of 508 and 635.
You are not choosing between two funds in isolation.
Whichever of IVV and PDO 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 PDO?
IVV has an expense ratio of 0.03% while PDO charges 5.22%. IVV is the cheaper option, by $519 a year on a $10,000 investment.
Which performed better, IVV or PDO?
Over the past year IVV returned +19.36% vs +0.16% for PDO, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.17% vs +3.43% for PDO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PDO?
PDO has been the more volatile fund at 17.2% annualized versus 15.2% for IVV. Worst drawdown: IVV -24.5% vs PDO -36.8%.
Should I hold both IVV and PDO?
IVV and PDO have a monthly-return correlation of 0.64, 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 PDO?
IVV yields 1.10% while PDO yields 12.02%, so PDO currently pays the higher dividend yield.
Is PDO 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.