IVV vs PIEQ
iShares Core S&P 500 ETF vs Principal International Equity ETF
Quick Verdict
IVV has a lower expense ratio. PIEQ delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PIEQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.48% | |
| AUM | $865.2B | $1.3B | |
| Dividend Yield | 1.09% | 1.19% | |
| Holdings | 508 | 50 | |
| YTD Return | +13.72% | +10.36% | |
| 1Y Return | +21.64% | +23.27% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 9.9% | |
| Max Drawdown | -56.5% | -15.2% | |
| Fund Family | iShares by BlackRock (US) | Principal Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 6, 2024 |
IVV vs PIEQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Principal International Equity ETF (PIEQ) is a ETF from Principal Funds. Over the past year IVV returned +21.64% while PIEQ returned +23.27%. Year to date, IVV is up 13.72% versus a gain of 10.36% for PIEQ.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.9% for PIEQ. 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 -15.2% for PIEQ. 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 PIEQ charges 0.48%. On a $10,000 position that is $3 vs $48 annually, a gap of $45 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.19% for PIEQ.
Holdings Overlap
IVV and PIEQ share 0 holdings out of 544 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 PIEQ?
IVV has an expense ratio of 0.03% while PIEQ charges 0.48%. IVV is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, IVV or PIEQ?
Over the past year IVV returned +21.64% vs +23.27% for PIEQ, so PIEQ leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +25.13% for PIEQ. Past performance does not guarantee future results.
Which is riskier, IVV or PIEQ?
IVV has been the more volatile fund at 15.1% annualized versus 9.9% for PIEQ. Worst drawdown: IVV -56.5% vs PIEQ -15.2%.
Should I hold both IVV and PIEQ?
IVV and PIEQ 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 PIEQ?
IVV and PIEQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, IVV or PIEQ?
IVV yields 1.09% while PIEQ yields 1.19%, so PIEQ currently pays the higher dividend yield.
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