IVV vs PIPE
iShares Core S&P 500 ETF vs Invesco SteelPath MLP & Energy Infrastructure ETF
Which is better, IVV or PIPE?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over the full window, PIPE over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 55.0%.
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 | PIPE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $876.4B | $68M |
| Dividend Yield | 1.06% | 3.67% |
| Holdings | 508 | 29 |
| YTD Return | +12.27% | +24.20%Best |
| 1Y Return | +17.04% | +25.95%Best |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 13.1%Best | 14.3% |
| Max Drawdown | -18.4% | -15.7%Best |
| $10,000 over 1.6 years | $12,775Best | $12,556 |
| Top 10 Weight | 37.8%Best | 55.0% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Feb 20, 2025 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 20, 2025 to Sep 17, 2026 (1.6 years).
IVV vs PIPE 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 covers the 1.6 years both funds cover.
IVV vs PIPE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is an ETF from Invesco (US). Over the past year IVV returned +17.04% while PIPE returned +25.95%. Year to date, IVV is up 12.27% versus a gain of 24.20% for PIPE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIPE has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 13.1% 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 -18.4% for IVV and -15.7% for PIPE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.12. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while PIPE charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.67% for PIPE.
Holdings Overlap
0.4% of IVV's money is in holdings PIPE also owns. 24.0% of PIPE's money is in holdings IVV also owns.
PIPE and IVV share little of their money.
4 positions in common, counted across the 490 positions we hold weights for in IVV and 26 in PIPE, against full books of 508 and 29.
What only one of them owns
Our book lists 16 positions for PIPE that do not appear in our book for IVV (55.0% of the fund), and 478 for IVV that do not appear in PIPE (98.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
24.0% of PIPE is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PIPE?
IVV has an expense ratio of 0.03% while PIPE charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, IVV or PIPE?
Over the past year IVV returned +17.04% vs +25.95% for PIPE, so PIPE leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +16.54% vs +15.29% for PIPE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PIPE?
PIPE has been the more volatile fund at 14.3% annualized versus 13.1% for IVV. Worst drawdown: IVV -18.4% vs PIPE -15.7%.
Should I hold both IVV and PIPE?
IVV and PIPE have a monthly-return correlation of -0.12, 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 PIPE?
24.0% of PIPE's money is in holdings IVV also owns. 24.0% of PIPE's is in holdings IVV also owns. They hold 4 positions in common, counted across the 490 positions we hold weights for in IVV and 26 in PIPE.
Which pays a higher dividend, IVV or PIPE?
IVV yields 1.06% while PIPE yields 3.67%, so PIPE currently pays the higher dividend yield.
Is PIPE better than IVV?
IVV has a lower expense ratio. IVV led over the full window, PIPE over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 55.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.