IVV vs PFLD
iShares Core S&P 500 ETF vs AAM Low Duration Preferred and Income Securities ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PFLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.45% | |
| AUM | $865.2B | $413M | |
| Dividend Yield | 1.09% | 5.47% | |
| Holdings | 508 | 324 | |
| YTD Return | +13.80% | +2.64% | |
| 1Y Return | +23.01% | +5.12% | |
| 3Y Return (annualized) | +21.77% | +4.36% | |
| 5Y Return (annualized) | +13.39% | +0.97% | |
| Volatility (annualized) | 15.1% | 9.1% | |
| Max Drawdown | -56.5% | -33.5% | |
| Fund Family | iShares by BlackRock (US) | Advisors Asset Management, Inc. | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Nov 19, 2019 |
IVV vs PFLD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and AAM Low Duration Preferred and Income Securities ETF (PFLD) is a ETF from Advisors Asset Management, Inc.. Over the past year IVV returned +23.01% while PFLD returned +5.12%. Year to date, IVV is up 13.80% versus a gain of 2.64% for PFLD.
Over three years, IVV compounded at +21.77% per year against +4.36% for PFLD; over five years the annualized figures are +13.39% and +0.97% respectively. Across the full 7-year window we track, IVV has the edge at +7.04% annualized vs +1.25%. 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 9.1% for PFLD. 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 -33.5% for PFLD. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PFLD charges 0.45%. On a $10,000 position that is $3 vs $45 annually, a gap of $42 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.47% for PFLD.
Holdings Overlap
IVV and PFLD share 24 holdings out of 711 unique holdings combined, representing a 4.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PFLD?
IVV has an expense ratio of 0.03% while PFLD charges 0.45%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, IVV or PFLD?
Over the past year IVV returned +23.01% vs +5.12% for PFLD, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +7.04% vs +1.25% for PFLD. Past performance does not guarantee future results.
Which is riskier, IVV or PFLD?
IVV has been the more volatile fund at 15.1% annualized versus 9.1% for PFLD. Worst drawdown: IVV -56.5% vs PFLD -33.5%.
Should I hold both IVV and PFLD?
IVV and PFLD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFLD?
IVV and PFLD share 24 common holdings with a 4.9% weight overlap. Combined, they hold 711 unique securities.
Which pays a higher dividend, IVV or PFLD?
IVV yields 1.09% while PFLD yields 5.47%, so PFLD currently pays the higher dividend yield.
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