IVV vs PFIG
iShares Core S&P 500 ETF vs Invesco Fundamental Investment Grade Corporate Bond ETF
Which is better, IVV or PFIG?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | PFIG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.22% |
| AUM | $876.4B | $124M |
| Dividend Yield | 1.06% | 4.46% |
| Holdings | 508 | 811 |
| YTD Return | +12.39%Best | -0.85% |
| 1Y Return | +16.61%Best | +0.41% |
| 3Y Return (annualized) | +21.38%Best | +5.12% |
| 5Y Return (annualized) | +13.51%Best | +0.93% |
| Volatility (annualized) | 14.2% | 4.3%Best |
| Max Drawdown | -33.9% | -15.6%Best |
| $10,000 over 5 years | $18,844Best | $10,474 |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Sep 15, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2011 to Sep 18, 2026 (15 years).
IVV vs PFIG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs PFIG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is an ETF from Invesco (US). Over the past year IVV returned +16.61% while PFIG returned +0.41%. Year to date, IVV is up 12.39% versus a loss of 0.85% for PFIG.
Over three years, IVV compounded at +21.38% per year against +5.12% for PFIG; over five years the annualized figures are +13.51% and +0.93% respectively. Across the full 15-year window we track, IVV has the edge at +13.62% annualized vs +1.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 4.3% for PFIG. 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 -15.6% for PFIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PFIG charges 0.22%. On a $10,000 position that is $3 vs $22 annually, a gap of $19 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 4.46% for PFIG.
Holdings Overlap
At least 0.7% of IVV's money is in holdings PFIG also owns.
Stated as a floor: for PFIG, our book for it covers 90.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
3 positions in common, counted across the 490 positions we hold weights for in IVV and 717 in PFIG, against full books of 508 and 811.
You are not choosing between two funds in isolation.
Whichever of IVV and PFIG 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 PFIG?
IVV has an expense ratio of 0.03% while PFIG charges 0.22%. IVV is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, IVV or PFIG?
Over the past year IVV returned +16.61% vs +0.41% for PFIG, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +13.62% vs +1.01% for PFIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PFIG?
IVV has been the more volatile fund at 14.2% annualized versus 4.3% for PFIG. Worst drawdown: IVV -33.9% vs PFIG -15.6%.
Should I hold both IVV and PFIG?
IVV and PFIG have a monthly-return correlation of 0.53, 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 PFIG?
IVV yields 1.06% while PFIG yields 4.46%, so PFIG currently pays the higher dividend yield.
Is PFIG better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.