IVV vs PFI
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Financial Momentum 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 | PFI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $60M | |
| Dividend Yield | 1.09% | 1.01% | |
| Holdings | 508 | 51 | |
| YTD Return | +13.72% | +9.16% | |
| 1Y Return | +21.64% | +13.09% | |
| 3Y Return (annualized) | +21.55% | +15.38% | |
| 5Y Return (annualized) | +13.27% | +5.10% | |
| Volatility (annualized) | 15.1% | 18.4% | |
| Max Drawdown | -56.5% | -60.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 12, 2006 |
IVV vs PFI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Financial Momentum ETF (PFI) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while PFI returned +13.09%. Year to date, IVV is up 13.72% versus a gain of 9.16% for PFI.
Over three years, IVV compounded at +21.55% per year against +15.38% for PFI; over five years the annualized figures are +13.27% and +5.10% respectively. Across the full 20-year window we track, IVV has the edge at +7.04% annualized vs +5.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFI has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.1% 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 -60.3% for PFI. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PFI charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.01% for PFI.
Holdings Overlap
IVV and PFI share 16 holdings out of 538 unique holdings combined, representing a 3.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PFI?
IVV has an expense ratio of 0.03% while PFI charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or PFI?
Over the past year IVV returned +21.64% vs +13.09% for PFI, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs +5.26% for PFI. Past performance does not guarantee future results.
Which is riskier, IVV or PFI?
PFI has been the more volatile fund at 18.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PFI -60.3%.
Should I hold both IVV and PFI?
IVV and PFI have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFI?
IVV and PFI share 16 common holdings with a 3.8% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, IVV or PFI?
IVV yields 1.09% while PFI yields 1.01%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.