IVV vs PJFM
iShares Core S&P 500 ETF vs PGIM Jennison Focused Mid-Cap 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 | PJFM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $907.0B | $21M | |
| Dividend Yield | 1.10% | 0.58% | |
| Holdings | 508 | 45 | |
| YTD Return | +12.71% | +7.83% | |
| 1Y Return | +21.89% | +13.85% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 15.5% | |
| Max Drawdown | -56.5% | -22.8% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 14, 2023 |
IVV vs PJFM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Jennison Focused Mid-Cap ETF (PJFM) is a ETF from PGIM Investments. Over the past year IVV returned +21.89% while PJFM returned +13.85%. Year to date, IVV is up 12.71% versus a gain of 7.83% for PJFM.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -22.8% for PJFM. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PJFM charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.58% for PJFM.
Holdings Overlap
IVV and PJFM share 10 holdings out of 542 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PJFM?
IVV has an expense ratio of 0.03% while PJFM charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or PJFM?
Over the past year IVV returned +21.89% vs +13.85% for PJFM, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +11.39% for PJFM. Past performance does not guarantee future results.
Which is riskier, IVV or PJFM?
PJFM has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PJFM -22.8%.
Should I hold both IVV and PJFM?
IVV and PJFM have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PJFM?
IVV and PJFM share 10 common holdings with a 0.6% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, IVV or PJFM?
IVV yields 1.10% while PJFM yields 0.58%, so IVV currently pays the higher dividend yield.
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