IVV vs PFRL
iShares Core S&P 500 ETF vs PGIM Floating Rate Income 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 | PFRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.72% | |
| AUM | $907.0B | $125M | |
| Dividend Yield | 1.10% | 7.67% | |
| Holdings | 508 | 429 | |
| YTD Return | +12.28% | +3.62% | |
| 1Y Return | +20.94% | +5.63% | |
| 3Y Return (annualized) | +21.81% | +7.97% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 3.5% | |
| Max Drawdown | -56.5% | -8.8% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 17, 2022 |
IVV vs PFRL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Floating Rate Income ETF (PFRL) is a ETF from PGIM Investments. Over the past year IVV returned +20.94% while PFRL returned +5.63%. Year to date, IVV is up 12.28% versus a gain of 3.62% for PFRL.
Over three years, IVV compounded at +21.81% per year against +7.97% for PFRL. Across the full 4-year window we track, PFRL has the edge at +8.01% annualized vs +6.98%. 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 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 -56.5% for IVV and -8.8% for PFRL. 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 0.73. 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 1.10% against 7.67% for PFRL.
Holdings Overlap
IVV and PFRL share 1 holdings out of 539 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PFRL | Difference |
|---|---|---|---|
| C | 0.35% | 0.12% | 0.23% |
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. On a $10,000 investment, that is $69 per year of difference.
Which performed better, IVV or PFRL?
Over the past year IVV returned +20.94% vs +5.63% for PFRL, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +8.01% for PFRL. Past performance does not guarantee future results.
Which is riskier, IVV or PFRL?
IVV has been the more volatile fund at 15.1% annualized versus 3.5% for PFRL. Worst drawdown: IVV -56.5% vs PFRL -8.8%.
Should I hold both IVV and PFRL?
IVV and PFRL have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFRL?
IVV and PFRL share 1 common holdings with a 0.1% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, IVV or PFRL?
IVV yields 1.10% while PFRL yields 7.67%, so PFRL currently pays the higher dividend yield.
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