IVV vs PDP
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Momentum ETF
Which is better, IVV or PDP?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 3Y and 5Y, PDP over 1Y and the full window. PDP is less concentrated, with 24.2% of the fund in its ten largest positions against 37.9%.
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 | PDP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.62% |
| AUM | $886.7B | $1.4B |
| Dividend Yield | 1.10% | 0.09% |
| Holdings | 508 | 103 |
| YTD Return | +12.70% | +15.28%Best |
| 1Y Return | +19.36% | +20.33%Best |
| 3Y Return (annualized) | +21.16%Best | +19.67% |
| 5Y Return (annualized) | +12.75%Best | +8.10% |
| Volatility (annualized) | 15.5%Best | 18.3% |
| Max Drawdown | -56.5%Best | -59.3% |
| $10,000 over 5 years | $18,221Best | $14,761 |
| Top 10 Weight | 37.9% | 24.2%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Mar 1, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Mar 1, 2007 to Sep 8, 2026 (19.5 years).
IVV vs PDP 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 19.5 years both funds cover.
IVV vs PDP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Momentum ETF (PDP) is an ETF from Invesco (US). Over the past year IVV returned +19.36% while PDP returned +20.33%. Year to date, IVV is up 12.70% versus a gain of 15.28% for PDP.
Over three years, IVV compounded at +21.16% per year against +19.67% for PDP; over five years the annualized figures are +12.75% and +8.10% respectively. Across the full 20-year window we track, PDP has the edge at +9.67% annualized vs +9.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDP has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 15.5% 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 -59.3% for PDP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PDP charges 0.62%. On a $10,000 position that is $3 vs $62 annually, a gap of $59 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.09% for PDP.
Holdings Overlap
24.6% of IVV's money is in holdings PDP also owns. 65.6% of PDP's money is in holdings IVV also owns.
The two portfolios partly overlap.
60 positions in common, counted across the 504 positions we hold weights for in IVV and 101 in PDP, against full books of 508 and 103.
What only one of them owns
Our book lists 40 positions for PDP that do not appear in our book for IVV (33.5% of the fund), and 434 for IVV that do not appear in PDP (74.6%).
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 PDP | Difference |
|---|---|---|---|
| AAPLApple Inc Ord | 6.86% | 3.29% | 3.57% |
| GOOGL Alphabet Inc. Class A | 3.19% | 1.26% | 1.93% |
| APHAmphenol Corp. Class A | 0.32% | 3.08% | 2.76% |
| MUMicron Technology, Inc. | 1.51% | 1.80% | 0.29% |
| TRGPTarga Resources Inc | 0.08% | 2.70% | 2.62% |
| FIXComfort Systems Usa Inc Common Stock | 0.09% | 2.55% | 2.46% |
| AMATApplied Materials, Inc. | 0.64% | 1.86% | 1.22% |
| SNDKSandisk Corp | 0.30% | 2.20% | 1.90% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.27% | 1.97% | 1.70% |
| AMDAdvanced Micro Devices Inc | 1.18% | 1.05% | 0.13% |
65.6% of PDP 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 PDP?
IVV has an expense ratio of 0.03% while PDP charges 0.62%. IVV is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, IVV or PDP?
Over the past year IVV returned +19.36% vs +20.33% for PDP, so PDP leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.52% vs +9.67% for PDP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PDP?
PDP has been the more volatile fund at 18.3% annualized versus 15.5% for IVV. Worst drawdown: IVV -56.5% vs PDP -59.3%.
Should I hold both IVV and PDP?
IVV and PDP have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PDP?
65.6% of PDP's money is in holdings IVV also owns. 65.6% of PDP's is in holdings IVV also owns. They hold 60 positions in common, counted across the 504 positions we hold weights for in IVV and 101 in PDP.
Which pays a higher dividend, IVV or PDP?
IVV yields 1.10% while PDP yields 0.09%, so IVV currently pays the higher dividend yield.
Is PDP better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and 5Y, PDP over 1Y and the full window. PDP is less concentrated, with 24.2% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.