IVV vs PFI
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Financial Momentum ETF
Which is better, IVV or PFI?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. PFI is less concentrated, with 37.1% of the fund in its ten largest positions against 37.9%.
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 | PFI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $886.7B | $59M |
| Dividend Yield | 1.10% | 0.98% |
| Holdings | 508 | 50 |
| YTD Return | +12.70%Best | +7.22% |
| 1Y Return | +19.36%Best | +10.10% |
| 3Y Return (annualized) | +21.16%Best | +15.42% |
| 5Y Return (annualized) | +12.75%Best | +4.87% |
| Volatility (annualized) | 15.4%Best | 18.4% |
| Max Drawdown | -56.5%Best | -60.3% |
| $10,000 over 5 years | $18,221Best | $12,684 |
| Top 10 Weight | 37.9% | 37.1%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Oct 12, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2006 to Sep 8, 2026 (19.9 years).
IVV vs PFI 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 19.9 years both funds cover.
IVV vs PFI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Financial Momentum ETF (PFI) is an ETF from Invesco (US). Over the past year IVV returned +19.36% while PFI returned +10.10%. Year to date, IVV is up 12.70% versus a gain of 7.22% for PFI.
Over three years, IVV compounded at +21.16% per year against +15.42% for PFI; over five years the annualized figures are +12.75% and +4.87% respectively. Across the full 20-year window we track, IVV has the edge at +9.49% annualized vs +5.15%.
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 15.4% 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 what each fund did in the worst stretch of the window measured above.
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 1.10% against 0.98% for PFI.
Holdings Overlap
3.1% of IVV's money is in holdings PFI also owns. 33.4% of PFI's money is in holdings IVV also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 504 positions we hold weights for in IVV and 38 in PFI, against full books of 508 and 50.
What only one of them owns
Our book lists 27 positions for PFI that do not appear in our book for IVV (64.2% of the fund), and 483 for IVV that do not appear in PFI (96.1%).
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 PFI | Difference |
|---|---|---|---|
| JPMJpmorgan Chase & Co. | 1.45% | 4.26% | 2.81% |
| MSMorgan Stanley | 0.39% | 3.57% | 3.18% |
| IBKRInteractive Brokers Group Inc | 0.06% | 3.56% | 3.50% |
| STTStt Un Equity | 0.08% | 3.47% | 3.39% |
| GSGoldman Sachs Group Inc. | 0.47% | 2.98% | 2.51% |
| BKBank Of New York Mellon Corp/The Bk Us Equity | 0.16% | 3.19% | 3.03% |
| CCitigroup, Inc. | 0.35% | 2.91% | 2.56% |
| SPGSimon Property Group Inc. Reit Com | 0.11% | 3.15% | 3.04% |
| PFGPrincipal Financial Group Inc. | 0.03% | 3.22% | 3.19% |
| KEYKeycorp | 0.03% | 3.13% | 3.10% |
33.4% of PFI 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 PFI?
IVV has an expense ratio of 0.03% while PFI charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or PFI?
Over the past year IVV returned +19.36% vs +10.10% for PFI, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.49% vs +5.15% for PFI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PFI?
PFI has been the more volatile fund at 18.4% annualized versus 15.4% 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 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 PFI?
33.4% of PFI's money is in holdings IVV also owns. 33.4% of PFI's is in holdings IVV also owns. They hold 10 positions in common, counted across the 504 positions we hold weights for in IVV and 38 in PFI.
Which pays a higher dividend, IVV or PFI?
IVV yields 1.10% while PFI yields 0.98%, so IVV currently pays the higher dividend yield.
Is PFI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. PFI is less concentrated, with 37.1% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.