IVV vs PJFG
iShares Core S&P 500 ETF vs PGIM Jennison Focused Growth 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 | PJFG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $907.0B | $143M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 35 | |
| YTD Return | +12.71% | +5.80% | |
| 1Y Return | +21.89% | +12.65% | |
| 3Y Return (annualized) | +22.08% | +22.67% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 18.5% | |
| Max Drawdown | -56.5% | -24.2% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 12, 2022 |
IVV vs PJFG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Jennison Focused Growth ETF (PJFG) is a ETF from PGIM Investments. Over the past year IVV returned +21.89% while PJFG returned +12.65%. Year to date, IVV is up 12.71% versus a gain of 5.80% for PJFG.
Over three years, IVV compounded at +22.08% per year against +22.67% for PJFG. Across the full 4-year window we track, PJFG has the edge at +25.81% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFG has been the more volatile fund, with annualized monthly volatility of 18.5% 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 -24.2% for PJFG. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PJFG 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 1.10% against 0.00% for PJFG.
Holdings Overlap
IVV and PJFG share 30 holdings out of 512 unique holdings combined, representing a 43.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PJFG?
IVV has an expense ratio of 0.03% while PJFG charges 0.75%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or PJFG?
Over the past year IVV returned +21.89% vs +12.65% for PJFG, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.00% vs +25.81% for PJFG. Past performance does not guarantee future results.
Which is riskier, IVV or PJFG?
PJFG has been the more volatile fund at 18.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PJFG -24.2%.
Should I hold both IVV and PJFG?
IVV and PJFG have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PJFG?
IVV and PJFG share 30 common holdings with a 43.2% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, IVV or PJFG?
IVV yields 1.10% while PJFG yields 0.00%, so IVV currently pays the higher dividend yield.
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