IVV vs PFIX
iShares Core S&P 500 ETF vs Simplify Interest Rate Hedge ETF
Which is better, IVV or PFIX?
Opposite sides of the same exposure.
IVV has a lower expense ratio. IVV led over 3Y, PFIX over 1Y, 5Y and the full window. The two move opposite each other, correlation -0.54, so holding both offsets the exposure while paying both fees.
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 | PFIX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $180M |
| Dividend Yield | 1.06% | 6.75% |
| Holdings | 508 | 30 |
| YTD Return | +12.39%Best | +10.11% |
| 1Y Return | +16.61% | +21.79%Best |
| 3Y Return (annualized) | +21.38%Best | +12.16% |
| 5Y Return (annualized) | +13.51% | +24.86%Best |
| Volatility (annualized) | 15.4%Best | 36.0% |
| Max Drawdown | -24.5%Best | -36.2% |
| $10,000 over 5 years | $18,844 | $30,347Best |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | May 10, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 11, 2021 to Sep 18, 2026 (5.4 years).
IVV vs PFIX 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 5.4 years both funds cover.
IVV vs PFIX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Simplify Interest Rate Hedge ETF (PFIX) is an ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +16.61% while PFIX returned +21.79%. Year to date, IVV is up 12.39% versus a gain of 10.11% for PFIX.
Over three years, IVV compounded at +21.38% per year against +12.16% for PFIX; over five years the annualized figures are +13.51% and +24.86% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFIX has been the more volatile fund, with annualized monthly volatility of 36.0% 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 -24.5% for IVV and -36.2% for PFIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.54. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
IVV charges 0.03% per year while PFIX charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 6.75% for PFIX.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in PFIX, totalling 99.3% and 14.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 1 in PFIX, against full books of 508 and 30.
You are not choosing between two funds in isolation.
Whichever of IVV and PFIX 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 PFIX?
IVV has an expense ratio of 0.03% while PFIX charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or PFIX?
Over the past year IVV returned +16.61% vs +21.79% for PFIX, so PFIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PFIX?
PFIX has been the more volatile fund at 36.0% annualized versus 15.4% for IVV. Worst drawdown: IVV -24.5% vs PFIX -36.2%.
Should I hold both IVV and PFIX?
IVV and PFIX have a monthly-return correlation of -0.54, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, IVV or PFIX?
IVV yields 1.06% while PFIX yields 6.75%, so PFIX currently pays the higher dividend yield.
Is PFIX better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, PFIX over 1Y, 5Y and the full window. The two move opposite each other, correlation -0.54, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.