IVV vs PFUT
iShares Core S&P 500 ETF vs Putnam Sustainable Future 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 | PFUT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.64% | |
| AUM | $865.2B | $4M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 72 | |
| YTD Return | +13.72% | +1.20% | |
| 1Y Return | +21.64% | +4.40% | |
| 3Y Return (annualized) | +21.55% | +10.99% | |
| 5Y Return (annualized) | +13.27% | +0.47% | |
| Volatility (annualized) | 15.1% | 20.0% | |
| Max Drawdown | -56.5% | -44.9% | |
| Fund Family | iShares by BlackRock (US) | Putnam Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 25, 2021 |
IVV vs PFUT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Putnam Sustainable Future ETF (PFUT) is a ETF from Putnam Investments. Over the past year IVV returned +21.64% while PFUT returned +4.40%. Year to date, IVV is up 13.72% versus a gain of 1.20% for PFUT.
Over three years, IVV compounded at +21.55% per year against +10.99% for PFUT; over five years the annualized figures are +13.27% and +0.47% respectively. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs +0.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFUT has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -44.9% for PFUT. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PFUT charges 0.64%. On a $10,000 position that is $3 vs $64 annually, a gap of $61 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for PFUT.
Holdings Overlap
IVV and PFUT share 36 holdings out of 537 unique holdings combined, representing a 5.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PFUT?
IVV has an expense ratio of 0.03% while PFUT charges 0.64%. IVV is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, IVV or PFUT?
Over the past year IVV returned +21.64% vs +4.40% for PFUT, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs +0.61% for PFUT. Past performance does not guarantee future results.
Which is riskier, IVV or PFUT?
PFUT has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PFUT -44.9%.
Should I hold both IVV and PFUT?
IVV and PFUT have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PFUT?
IVV and PFUT share 36 common holdings with a 5.8% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, IVV or PFUT?
IVV yields 1.09% while PFUT yields 0.00%, so IVV currently pays the higher dividend yield.
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