IVV vs PFFD
iShares Core S&P 500 ETF vs Global X US Preferred ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PFFD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.23% | |
| AUM | $865.2B | $2.1B | |
| Dividend Yield | 1.09% | 6.43% | |
| Holdings | 508 | 228 | |
| YTD Return | +13.80% | +0.31% | |
| 1Y Return | +23.70% | +3.40% | |
| 3Y Return (annualized) | +21.49% | +5.00% | |
| 5Y Return (annualized) | +13.43% | -0.71% | |
| Volatility (annualized) | 15.1% | 10.6% | |
| Max Drawdown | -56.5% | -31.3% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Sep 11, 2017 |
IVV vs PFFD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X US Preferred ETF (PFFD) is a ETF from Global X by mirae Asset. Over the past year IVV returned +23.70% while PFFD returned +3.40%. Year to date, IVV is up 13.80% versus a gain of 0.31% for PFFD.
Over three years, IVV compounded at +21.49% per year against +5.00% for PFFD; over five years the annualized figures are +13.43% and -0.71% respectively. Across the full 9-year window we track, IVV has the edge at +7.05% annualized vs +0.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.6% for PFFD. 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 -31.3% for PFFD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PFFD charges 0.23%. On a $10,000 position that is $3 vs $23 annually, a gap of $20 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.43% for PFFD.
Holdings Overlap
IVV and PFFD share 15 holdings out of 550 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PFFD?
IVV has an expense ratio of 0.03% while PFFD charges 0.23%. IVV is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, IVV or PFFD?
Over the past year IVV returned +23.70% vs +3.40% for PFFD, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.05% vs +0.24% for PFFD. Past performance does not guarantee future results.
Which is riskier, IVV or PFFD?
IVV has been the more volatile fund at 15.1% annualized versus 10.6% for PFFD. Worst drawdown: IVV -56.5% vs PFFD -31.3%.
Should I hold both IVV and PFFD?
IVV and PFFD have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFFD?
IVV and PFFD share 15 common holdings with a 1.6% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, IVV or PFFD?
IVV yields 1.09% while PFFD yields 6.43%, so PFFD currently pays the higher dividend yield.
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