IVV vs PGF
iShares Core S&P 500 ETF vs Invesco Financial Preferred 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 | PGF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $907.0B | $664M | |
| Dividend Yield | 1.10% | 6.42% | |
| Holdings | 508 | 102 | |
| YTD Return | +13.74% | -2.61% | |
| 1Y Return | +21.54% | -1.16% | |
| 3Y Return (annualized) | +22.61% | +4.86% | |
| 5Y Return (annualized) | +13.31% | -1.16% | |
| Volatility (annualized) | 15.1% | 17.7% | |
| Max Drawdown | -56.5% | -79.2% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Dec 1, 2006 |
IVV vs PGF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Financial Preferred ETF (PGF) is a ETF from Invesco (US). Over the past year IVV returned +21.54% while PGF returned -1.16%. Year to date, IVV is up 13.74% versus a loss of 2.61% for PGF.
Over three years, IVV compounded at +22.61% per year against +4.86% for PGF; over five years the annualized figures are +13.31% and -1.16% respectively. Across the full 20-year window we track, IVV has the edge at +7.04% annualized vs -1.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGF has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -79.2% for PGF. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PGF charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.42% for PGF.
Holdings Overlap
IVV and PGF share 11 holdings out of 587 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PGF?
IVV has an expense ratio of 0.03% while PGF charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IVV or PGF?
Over the past year IVV returned +21.54% vs -1.16% for PGF, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs -1.59% for PGF. Past performance does not guarantee future results.
Which is riskier, IVV or PGF?
PGF has been the more volatile fund at 17.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PGF -79.2%.
Should I hold both IVV and PGF?
IVV and PGF have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PGF?
IVV and PGF share 11 common holdings with a 1.7% weight overlap. Combined, they hold 587 unique securities.
Which pays a higher dividend, IVV or PGF?
IVV yields 1.10% while PGF yields 6.42%, so PGF currently pays the higher dividend yield.
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