IVV vs PGP
iShares Core S&P 500 ETF vs PIMCO Global StockPlus & Income Fund
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 | PGP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.64% | |
| AUM | $865.2B | $103M | |
| Dividend Yield | 1.09% | 9.11% | |
| Holdings | 508 | 417 | |
| YTD Return | +13.80% | -1.05% | |
| 1Y Return | +23.70% | +12.37% | |
| 3Y Return (annualized) | +21.49% | +16.69% | |
| 5Y Return (annualized) | +13.43% | +4.94% | |
| Volatility (annualized) | 15.1% | 26.3% | |
| Max Drawdown | -56.5% | -81.3% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 31, 2005 |
IVV vs PGP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO Global StockPlus & Income Fund (PGP) is a ETF from PIMCO (US). Over the past year IVV returned +23.70% while PGP returned +12.37%. Year to date, IVV is up 13.80% versus a loss of 1.05% for PGP.
Over three years, IVV compounded at +21.49% per year against +16.69% for PGP; over five years the annualized figures are +13.43% and +4.94% respectively. Across the full 21-year window we track, IVV has the edge at +7.05% annualized vs -2.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGP has been the more volatile fund, with annualized monthly volatility of 26.3% 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 -81.3% for PGP. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PGP charges 2.64%. On a $10,000 position that is $3 vs $264 annually, a gap of $261 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 9.11% for PGP.
Holdings Overlap
IVV and PGP share 0 holdings out of 530 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PGP?
IVV has an expense ratio of 0.03% while PGP charges 2.64%. IVV is the cheaper option. On a $10,000 investment, that is $261 per year of difference.
Which performed better, IVV or PGP?
Over the past year IVV returned +23.70% vs +12.37% for PGP, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.05% vs -2.40% for PGP. Past performance does not guarantee future results.
Which is riskier, IVV or PGP?
PGP has been the more volatile fund at 26.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PGP -81.3%.
Should I hold both IVV and PGP?
IVV and PGP have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PGP?
IVV and PGP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, IVV or PGP?
IVV yields 1.09% while PGP yields 9.11%, so PGP currently pays the higher dividend yield.
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