IVV vs PGHY
iShares Core S&P 500 ETF vs Invesco Global ex US High Yield Corporate Bond ETF
Which is better, IVV or PGHY?
Large Cap Blend against High Yield Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | PGHY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $227M |
| Dividend Yield | 1.06% | 7.18% |
| Holdings | 508 | 594 |
| YTD Return | +12.51%Best | +2.79% |
| 1Y Return | +17.57%Best | +3.53% |
| 3Y Return (annualized) | +21.27%Best | +8.32% |
| 5Y Return (annualized) | +12.95%Best | +4.59% |
| Volatility (annualized) | 14.5% | 5.3%Best |
| Max Drawdown | -33.9% | -28.6%Best |
| $10,000 over 5 years | $18,384Best | $12,516 |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | High Yield Bond |
| Inception | May 15, 2000 | Jun 20, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 21, 2013 to Sep 11, 2026 (13.2 years).
IVV vs PGHY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs PGHY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Global ex US High Yield Corporate Bond ETF (PGHY) is an ETF from Invesco (US). Over the past year IVV returned +17.57% while PGHY returned +3.53%. Year to date, IVV is up 12.51% versus a gain of 2.79% for PGHY.
Over three years, IVV compounded at +21.27% per year against +8.32% for PGHY; over five years the annualized figures are +12.95% and +4.59% respectively. Across the full 13-year window we track, IVV has the edge at +13.21% annualized vs +1.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 5.3% for PGHY. 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 -33.9% for IVV and -28.6% for PGHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PGHY charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.18% for PGHY.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 365 in PGHY, totalling 100.0% and 62.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 365 in PGHY, against full books of 508 and 594.
You are not choosing between two funds in isolation.
Whichever of IVV and PGHY 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 PGHY?
IVV has an expense ratio of 0.03% while PGHY charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or PGHY?
Over the past year IVV returned +17.57% vs +3.53% for PGHY, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +13.21% vs +1.10% for PGHY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PGHY?
IVV has been the more volatile fund at 14.5% annualized versus 5.3% for PGHY. Worst drawdown: IVV -33.9% vs PGHY -28.6%.
Should I hold both IVV and PGHY?
IVV and PGHY have a monthly-return correlation of 0.66, 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 PGHY?
IVV yields 1.06% while PGHY yields 7.18%, so PGHY currently pays the higher dividend yield.
Is PGHY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.