IVV vs PEX
iShares Core S&P 500 ETF vs ProShares Global Listed Private Equity ETF
Which is better, IVV or PEX?
Large Cap Blend against Small Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 64.3%.
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 | PEX |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.95% |
| AUM | $876.4B | $12M |
| Dividend Yield | 1.06% | 8.54% |
| Holdings | 508 | 31 |
| YTD Return | +12.39%Best | -5.57% |
| 1Y Return | +16.61%Best | -12.76% |
| 3Y Return (annualized) | +21.38%Best | +4.02% |
| 5Y Return (annualized) | +13.51%Best | -0.63% |
| Volatility (annualized) | 14.3%Best | 114.8% |
| Max Drawdown | -33.9%Best | -77.9% |
| $10,000 over 5 years | $18,844Best | $9,689 |
| Top 10 Weight | 37.8%Best | 64.3% |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| Inception | May 15, 2000 | Feb 26, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Feb 28, 2013 to Sep 18, 2026 (13.6 years).
IVV vs PEX 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 13.6 years both funds cover.
IVV vs PEX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Global Listed Private Equity ETF (PEX) is an ETF from ProShares. Over the past year IVV returned +16.61% while PEX returned -12.76%. Year to date, IVV is up 12.39% versus a loss of 5.57% for PEX.
Over three years, IVV compounded at +21.38% per year against +4.02% for PEX; over five years the annualized figures are +13.51% and -0.63% respectively. Across the full 14-year window we track, IVV has the edge at +13.30% annualized vs +5.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEX has been the more volatile fund, with annualized monthly volatility of 114.8% compared with 14.3% 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 -77.9% for PEX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.05. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while PEX charges 2.95%. On a $10,000 position that is $3 vs $295 annually, a gap of $292 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 8.54% for PEX.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 30 in PEX, totalling 99.3% and 99.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 30 in PEX, against full books of 508 and 31.
What only one of them owns
Our book lists 15 positions for PEX that do not appear in our book for IVV (47.9% of the fund), and 482 for IVV that do not appear in PEX (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.
You are not choosing between two funds in isolation.
Whichever of IVV and PEX 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 PEX?
IVV has an expense ratio of 0.03% while PEX charges 2.95%. IVV is the cheaper option, by $292 a year on a $10,000 investment.
Which performed better, IVV or PEX?
Over the past year IVV returned +16.61% vs -12.76% for PEX, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.30% vs +5.05% for PEX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PEX?
PEX has been the more volatile fund at 114.8% annualized versus 14.3% for IVV. Worst drawdown: IVV -33.9% vs PEX -77.9%.
Should I hold both IVV and PEX?
IVV and PEX have a monthly-return correlation of 0.05, 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 PEX?
IVV yields 1.06% while PEX yields 8.54%, so PEX currently pays the higher dividend yield.
Is PEX better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 64.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.