IVV vs PFIX
iShares Core S&P 500 ETF vs Simplify Interest Rate Hedge ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PFIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $178M | |
| Dividend Yield | 1.10% | 7.77% | |
| Holdings | 508 | 30 | |
| YTD Return | +13.25% | +3.94% | |
| 1Y Return | +19.95% | -1.51% | |
| 3Y Return (annualized) | +21.26% | +12.53% | |
| 5Y Return (annualized) | +12.82% | +23.04% | |
| Volatility (annualized) | 15.1% | 36.3% | |
| Max Drawdown | -56.5% | -36.2% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 10, 2021 |
IVV vs PFIX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify Interest Rate Hedge ETF (PFIX) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +19.95% while PFIX returned -1.51%. Year to date, IVV is up 13.25% versus a gain of 3.94% for PFIX.
Over three years, IVV compounded at +21.26% per year against +12.53% for PFIX; over five years the annualized figures are +12.82% and +23.04% respectively. Across the full 5-year window we track, PFIX has the edge at +16.18% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFIX has been the more volatile fund, with annualized monthly volatility of 36.3% 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 -36.2% for PFIX. 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 -0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 7.77% for PFIX.
Holdings Overlap
IVV and PFIX share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or PFIX?
Over the past year IVV returned +19.95% vs -1.51% for PFIX, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.01% vs +16.18% for PFIX. Past performance does not guarantee future results.
Which is riskier, IVV or PFIX?
PFIX has been the more volatile fund at 36.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PFIX -36.2%.
Should I hold both IVV and PFIX?
IVV and PFIX have a monthly-return correlation of -0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFIX?
IVV and PFIX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or PFIX?
IVV yields 1.10% while PFIX yields 7.77%, so PFIX currently pays the higher dividend yield.
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