IVV vs PGZ
iShares Core S&P 500 ETF vs Principal Real Estate Income Fund
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 | PGZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.16% | |
| AUM | $907.0B | $74M | |
| Dividend Yield | 1.10% | 11.39% | |
| Holdings | 508 | 110 | |
| YTD Return | +12.96% | +8.23% | |
| 1Y Return | +20.70% | +7.94% | |
| 3Y Return (annualized) | +22.10% | +15.03% | |
| 5Y Return (annualized) | +13.40% | +2.33% | |
| Volatility (annualized) | 15.1% | 21.2% | |
| Max Drawdown | -56.5% | -68.8% | |
| Fund Family | iShares by BlackRock (US) | Principal Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 26, 2013 |
IVV vs PGZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Principal Real Estate Income Fund (PGZ) is a ETF from Principal Funds. Over the past year IVV returned +20.70% while PGZ returned +7.94%. Year to date, IVV is up 12.96% versus a gain of 8.23% for PGZ.
Over three years, IVV compounded at +22.10% per year against +15.03% for PGZ; over five years the annualized figures are +13.40% and +2.33% respectively. Across the full 20-year window we track, IVV has the edge at +7.01% annualized vs -1.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGZ has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -68.8% for PGZ. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PGZ charges 2.16%. On a $10,000 position that is $3 vs $216 annually, a gap of $213 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 11.39% for PGZ.
Holdings Overlap
IVV and PGZ share 13 holdings out of 553 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PGZ?
IVV has an expense ratio of 0.03% while PGZ charges 2.16%. IVV is the cheaper option. On a $10,000 investment, that is $213 per year of difference.
Which performed better, IVV or PGZ?
Over the past year IVV returned +20.70% vs +7.94% for PGZ, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.01% vs -1.63% for PGZ. Past performance does not guarantee future results.
Which is riskier, IVV or PGZ?
PGZ has been the more volatile fund at 21.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PGZ -68.8%.
Should I hold both IVV and PGZ?
IVV and PGZ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PGZ?
IVV and PGZ share 13 common holdings with a 1.1% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, IVV or PGZ?
IVV yields 1.10% while PGZ yields 11.39%, so PGZ currently pays the higher dividend yield.
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