IVV vs PEJ
iShares Core S&P 500 ETF vs Invesco Leisure and Entertainment ETF
Which is better, IVV or PEJ?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 45.9%.
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 | PEJ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.58% |
| AUM | $882.6B | $358M |
| Dividend Yield | 1.06% | 0.51% |
| Holdings | 508 | 66 |
| YTD Return | +13.60%Best | +2.24% |
| 1Y Return | +16.32%Best | +4.15% |
| 3Y Return (annualized) | +23.81%Best | +19.31% |
| 5Y Return (annualized) | +14.03%Best | +4.31% |
| Volatility (annualized) | 14.9%Best | 22.1% |
| Max Drawdown | -56.5%Best | -67.3% |
| $10,000 over 5 years | $19,279Best | $12,349 |
| Top 10 Weight | 38.1%Best | 45.9% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Jun 23, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Oct 2, 2026 (21.3 years).
IVV vs PEJ 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 21.3 years both funds cover.
IVV vs PEJ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Leisure and Entertainment ETF (PEJ) is an ETF from Invesco (US). Over the past year IVV returned +16.32% while PEJ returned +4.15%. Year to date, IVV is up 13.60% versus a gain of 2.24% for PEJ.
Over three years, IVV compounded at +23.81% per year against +19.31% for PEJ; over five years the annualized figures are +14.03% and +4.31% respectively. Across the full 21-year window we track, IVV has the edge at +9.56% annualized vs +7.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEJ has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 14.9% 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 -67.3% for PEJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PEJ charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.51% for PEJ.
Holdings Overlap
0.6% of IVV's money is in holdings PEJ also owns. 35.0% of PEJ's money is in holdings IVV also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in PEJ, against full books of 508 and 66.
What only one of them owns
Our book lists 22 positions for PEJ that do not appear in our book for IVV (59.3% of the fund), and 490 for IVV that do not appear in PEJ (98.6%).
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 PEJ | Difference |
|---|---|---|---|
| SYYSysco Corp | 0.06% | 5.41% | 5.35% |
| DALDl Co., Ltd. | 0.08% | 5.18% | 5.10% |
| SBUXStarbucks Corp | 0.17% | 5.06% | 4.89% |
| MARMarriott International, Inc. | 0.11% | 5.08% | 4.97% |
| LYVLive Nation Entertainment Inc | 0.04% | 4.94% | 4.90% |
| ABNBAirbnb Inc | 0.11% | 4.84% | 4.73% |
| EXPEExpedia Group Inc (consumer Discretionary) | 0.05% | 4.52% | 4.47% |
35.0% of PEJ 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 PEJ?
IVV has an expense ratio of 0.03% while PEJ charges 0.58%. IVV is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, IVV or PEJ?
Over the past year IVV returned +16.32% vs +4.15% for PEJ, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +9.56% vs +7.11% for PEJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PEJ?
PEJ has been the more volatile fund at 22.1% annualized versus 14.9% for IVV. Worst drawdown: IVV -56.5% vs PEJ -67.3%.
Should I hold both IVV and PEJ?
IVV and PEJ have a monthly-return correlation of 0.81, 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 PEJ?
35.0% of PEJ's money is in holdings IVV also owns. 35.0% of PEJ's is in holdings IVV also owns. They hold 7 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in PEJ.
Which pays a higher dividend, IVV or PEJ?
IVV yields 1.06% while PEJ yields 0.51%, so IVV currently pays the higher dividend yield.
Is PEJ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 45.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.