IVV vs PFFV
iShares Core S&P 500 ETF vs Global X Variable Rate 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 | PFFV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $304M | |
| Dividend Yield | 1.09% | 8.19% | |
| Holdings | 508 | 56 | |
| YTD Return | +13.80% | +2.15% | |
| 1Y Return | +23.01% | +2.66% | |
| 3Y Return (annualized) | +21.77% | +6.58% | |
| 5Y Return (annualized) | +13.39% | +2.03% | |
| Volatility (annualized) | 15.1% | 8.1% | |
| Max Drawdown | -56.5% | -19.0% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Jun 22, 2020 |
IVV vs PFFV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X Variable Rate Preferred ETF (PFFV) is a ETF from Global X by mirae Asset. Over the past year IVV returned +23.01% while PFFV returned +2.66%. Year to date, IVV is up 13.80% versus a gain of 2.15% for PFFV.
Over three years, IVV compounded at +21.77% per year against +6.58% for PFFV; over five years the annualized figures are +13.39% and +2.03% respectively. Across the full 6-year window we track, IVV has the edge at +7.04% annualized vs +4.12%. 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 8.1% for PFFV. 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 -19.0% for PFFV. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PFFV charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.19% for PFFV.
Holdings Overlap
IVV and PFFV share 6 holdings out of 524 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PFFV?
IVV has an expense ratio of 0.03% while PFFV charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or PFFV?
Over the past year IVV returned +23.01% vs +2.66% for PFFV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.04% vs +4.12% for PFFV. Past performance does not guarantee future results.
Which is riskier, IVV or PFFV?
IVV has been the more volatile fund at 15.1% annualized versus 8.1% for PFFV. Worst drawdown: IVV -56.5% vs PFFV -19.0%.
Should I hold both IVV and PFFV?
IVV and PFFV have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFFV?
IVV and PFFV share 6 common holdings with a 0.6% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, IVV or PFFV?
IVV yields 1.09% while PFFV yields 8.19%, so PFFV currently pays the higher dividend yield.
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