IVV vs PGX
iShares Core S&P 500 ETF vs Invesco 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 | PGX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $3.8B | |
| Dividend Yield | 1.10% | 6.38% | |
| Holdings | 508 | 270 | |
| YTD Return | +12.96% | -3.24% | |
| 1Y Return | +20.70% | -2.01% | |
| 3Y Return (annualized) | +22.10% | +4.98% | |
| 5Y Return (annualized) | +13.40% | -1.30% | |
| Volatility (annualized) | 15.1% | 14.4% | |
| Max Drawdown | -56.5% | -69.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Jan 31, 2008 |
IVV vs PGX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Preferred ETF (PGX) is a ETF from Invesco (US). Over the past year IVV returned +20.70% while PGX returned -2.01%. Year to date, IVV is up 12.96% versus a loss of 3.24% for PGX.
Over three years, IVV compounded at +22.10% per year against +4.98% for PGX; over five years the annualized figures are +13.40% and -1.30% respectively. Across the full 19-year window we track, IVV has the edge at +7.01% annualized vs -1.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV and -69.5% for PGX. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 6.38% for PGX.
Holdings Overlap
IVV and PGX share 21 holdings out of 711 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or PGX?
Over the past year IVV returned +20.70% vs -2.01% for PGX, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.01% vs -1.79% for PGX. Past performance does not guarantee future results.
Which is riskier, IVV or PGX?
IVV has been the more volatile fund at 15.1% annualized versus 14.4% for PGX. Worst drawdown: IVV -56.5% vs PGX -69.5%.
Should I hold both IVV and PGX?
IVV and PGX have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PGX?
IVV and PGX share 21 common holdings with a 3.0% weight overlap. Combined, they hold 711 unique securities.
Which pays a higher dividend, IVV or PGX?
IVV yields 1.10% while PGX yields 6.38%, so PGX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.