IVV vs PGX
iShares Core S&P 500 ETF vs Invesco Preferred ETF
Which is better, IVV or PGX?
Large Cap Blend against Preferred Stock.
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 | PGX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $3.7B |
| Dividend Yield | 1.06% | 6.51% |
| Holdings | 508 | 270 |
| YTD Return | +13.85%Best | -5.93% |
| 1Y Return | +18.57%Best | -7.13% |
| 3Y Return (annualized) | +23.50%Best | +3.75% |
| 5Y Return (annualized) | +13.34%Best | -1.85% |
| Volatility (annualized) | 15.6% | 14.4%Best |
| Max Drawdown | -52.4%Best | -69.5% |
| $10,000 over 5 years | $18,703Best | $9,109 |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Preferred Stock |
| Inception | May 15, 2000 | Jan 31, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 31, 2008 to Sep 25, 2026 (18.7 years).
IVV vs PGX 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 PGX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Preferred ETF (PGX) is an ETF from Invesco (US). Over the past year IVV returned +18.57% while PGX returned -7.13%. Year to date, IVV is up 13.85% versus a loss of 5.93% for PGX.
Over three years, IVV compounded at +23.50% per year against +3.75% for PGX; over five years the annualized figures are +13.34% and -1.85% respectively. Across the full 19-year window we track, IVV has the edge at +10.18% annualized vs -1.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.4% for PGX. 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 -52.4% for IVV and -69.5% for PGX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PGX charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 6.51% for PGX.
Holdings Overlap
At least 3.8% of IVV's money is in holdings PGX also owns.
Stated as a floor: for PGX, our book for it covers 90.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and PGX share little of their money.
24 positions in common, counted across the 490 positions we hold weights for in IVV and 233 in PGX, against full books of 508 and 270.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PGX | Difference |
|---|---|---|---|
| BACBank of America Corp.: Financials | 0.61% | 1.27% | 0.66% |
| TBBAt&t Inc | 0.27% | 1.00% | 0.73% |
| MSMorgan Stanley | 0.39% | 0.84% | 0.45% |
| CCitigroup Inc. | 0.34% | 0.75% | 0.41% |
| NEENextera Energy Inc | 0.26% | 0.81% | 0.55% |
| COFCapital One Financial Corp. | 0.20% | 0.83% | 0.63% |
| SCHWSchwab Strategic T | 0.27% | 0.69% | 0.42% |
| ALLAllstate Corp. | 0.10% | 0.84% | 0.74% |
| XELXcel Energy Inc. | 0.07% | 0.79% | 0.72% |
| MTBM&T Bank Corp | 0.05% | 0.78% | 0.73% |
You are not choosing between two funds in isolation.
Whichever of IVV and PGX 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 PGX?
IVV has an expense ratio of 0.03% while PGX charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or PGX?
Over the past year IVV returned +18.57% vs -7.13% for PGX, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +10.18% vs -1.93% for PGX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PGX?
IVV has been the more volatile fund at 15.6% annualized versus 14.4% for PGX. Worst drawdown: IVV -52.4% vs PGX -69.5%.
Should I hold both IVV and PGX?
IVV and PGX have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PGX?
At least 3.8% of IVV's money is in holdings PGX also owns. Our book for PGX is partial, so the real figure is this or higher. They hold 24 positions in common, counted across the 490 positions we hold weights for in IVV and 233 in PGX.
Which pays a higher dividend, IVV or PGX?
IVV yields 1.06% while PGX yields 6.51%, so PGX currently pays the higher dividend yield.
Is PGX 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.