IVV vs PFIG
iShares Core S&P 500 ETF vs Invesco Fundamental Investment Grade Corporate Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. PFIG offers more diversification with 733 holdings.
Side-by-Side Comparison
| Metric | IVV | PFIG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.22% | |
| AUM | $865.2B | $116M | |
| Dividend Yield | 1.09% | 4.41% | |
| Holdings | 508 | 803 | |
| YTD Return | +13.43% | +0.13% | |
| 1Y Return | +22.61% | +2.68% | |
| 3Y Return (annualized) | +21.47% | +5.48% | |
| 5Y Return (annualized) | +13.26% | +1.22% | |
| Volatility (annualized) | 15.1% | 4.3% | |
| Max Drawdown | -56.5% | -15.6% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 15, 2011 |
IVV vs PFIG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is a ETF from Invesco (US). Over the past year IVV returned +22.61% while PFIG returned +2.68%. Year to date, IVV is up 13.43% versus a gain of 0.13% for PFIG.
Over three years, IVV compounded at +21.47% per year against +5.48% for PFIG; over five years the annualized figures are +13.26% and +1.22% respectively. Across the full 15-year window we track, IVV has the edge at +7.03% annualized vs +1.08%. 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 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 -56.5% for IVV and -15.6% for PFIG. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 4.41% for PFIG.
Holdings Overlap
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. On a $10,000 investment, that is $19 per year of difference.
Which performed better, IVV or PFIG?
Over the past year IVV returned +22.61% vs +2.68% for PFIG, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.03% vs +1.08% for PFIG. Past performance does not guarantee future results.
Which is riskier, IVV or PFIG?
IVV has been the more volatile fund at 15.1% annualized versus 4.3% for PFIG. Worst drawdown: IVV -56.5% vs PFIG -15.6%.
Should I hold both IVV and PFIG?
IVV and PFIG have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFIG?
IVV and PFIG share 2 common holdings with a 0.2% weight overlap. Combined, they hold 1236 unique securities.
Which pays a higher dividend, IVV or PFIG?
IVV yields 1.09% while PFIG yields 4.41%, so PFIG currently pays the higher dividend yield.
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