IVV vs PFRL
iShares Core S&P 500 ETF vs PGIM Floating Rate Income ETF
Which is better, IVV or PFRL?
Large Cap Blend against Long Term High Quality.
IVV has a lower expense ratio. IVV led over 1Y, 3Y 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 | PFRL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.72% |
| AUM | $876.4B | $126M |
| Dividend Yield | 1.06% | 7.46% |
| Holdings | 508 | 473 |
| YTD Return | +11.57%Best | +4.17% |
| 1Y Return | +17.57%Best | +5.62% |
| 3Y Return (annualized) | +20.71%Best | +7.72% |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 15.3% | 3.5%Best |
| Max Drawdown | -18.8% | -8.8%Best |
| $10,000 over 4.3 years | $20,442Best | $13,939 |
| Fund Family | iShares by BlackRock (US) | PGIM Investments |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term High Quality |
| Inception | May 15, 2000 | May 17, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: May 24, 2022 to Sep 10, 2026 (4.3 years).
IVV vs PFRL 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 4.3 years both funds cover.
IVV vs PFRL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PGIM Floating Rate Income ETF (PFRL) is an ETF from PGIM Investments. Over the past year IVV returned +17.57% while PFRL returned +5.62%. Year to date, IVV is up 11.57% versus a gain of 4.17% for PFRL.
Over three years, IVV compounded at +20.71% per year against +7.72% for PFRL. Across the full 4-year window we track, IVV has the edge at +18.09% annualized vs +8.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.5% for PFRL. 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 -18.8% for IVV and -8.8% for PFRL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PFRL charges 0.72%. On a $10,000 position that is $3 vs $72 annually, a gap of $69 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.46% for PFRL.
Holdings Overlap
At least 0.3% of IVV's money is in holdings PFRL also owns.
Stated as a floor: for PFRL, our book for it covers 8.9% 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.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 35 in PFRL, against full books of 508 and 473.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PFRL | Difference |
|---|---|---|---|
| CCitigroup Inc 6.875 11/73 6.88 2173-11-15 | 0.35% | 0.12% | 0.23% |
You are not choosing between two funds in isolation.
Whichever of IVV and PFRL 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 PFRL?
IVV has an expense ratio of 0.03% while PFRL charges 0.72%. IVV is the cheaper option, by $69 a year on a $10,000 investment.
Which performed better, IVV or PFRL?
Over the past year IVV returned +17.57% vs +5.62% for PFRL, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +18.09% vs +8.03% for PFRL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PFRL?
IVV has been the more volatile fund at 15.3% annualized versus 3.5% for PFRL. Worst drawdown: IVV -18.8% vs PFRL -8.8%.
Should I hold both IVV and PFRL?
IVV and PFRL have a monthly-return correlation of 0.73, 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 PFRL?
IVV yields 1.06% while PFRL yields 7.46%, so PFRL currently pays the higher dividend yield.
Is PFRL better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.