IVV vs PJFM
iShares Core S&P 500 ETF vs PGIM Jennison Focused Mid-Cap ETF
Which is better, IVV or PJFM?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. PJFM is less concentrated, with 32.7% of the fund in its ten largest positions against 37.9%.
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 | PJFM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $876.4B | $20M |
| Dividend Yield | 1.06% | 0.58% |
| Holdings | 508 | 51 |
| YTD Return | +11.57%Best | +5.06% |
| 1Y Return | +17.57%Best | +9.12% |
| 3Y Return (annualized) | +20.71% | - |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 11.9%Best | 15.3% |
| Max Drawdown | -18.8%Best | -22.8% |
| $10,000 over 2.7 years | $16,397Best | $12,963 |
| Top 10 Weight | 37.9% | 32.7%Best |
| Fund Family | iShares by BlackRock (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Dec 14, 2023 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 19, 2023 to Sep 10, 2026 (2.7 years).
IVV vs PJFM 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 2.7 years both funds cover.
IVV vs PJFM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PGIM Jennison Focused Mid-Cap ETF (PJFM) is an ETF from PGIM Investments. Over the past year IVV returned +17.57% while PJFM returned +9.12%. Year to date, IVV is up 11.57% versus a gain of 5.06% for PJFM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.9% 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 -18.8% for IVV and -22.8% for PJFM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.58% for PJFM.
Holdings Overlap
0.5% of IVV's money is in holdings PJFM also owns. 23.9% of PJFM's money is in holdings IVV also owns.
PJFM and IVV share little of their money.
10 positions in common, counted across the 505 positions we hold weights for in IVV and 50 in PJFM, against full books of 508 and 51.
What only one of them owns
Our book lists 34 positions for PJFM that do not appear in our book for IVV (61.7% of the fund), and 485 for IVV that do not appear in PJFM (98.8%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PJFM | Difference |
|---|---|---|---|
| NINisource Inc. | 0.03% | 4.43% | 4.40% |
| CBRECbre Group Inc. Class A | 0.07% | 3.37% | 3.30% |
| MCHPMicrochip Technology Inc. | 0.06% | 2.90% | 2.84% |
| KEYSKeysight Technologies Inc. | 0.09% | 2.58% | 2.49% |
| CMSCms Energy Corp. | 0.03% | 2.56% | 2.53% |
| LITELumentum Holdings Inc | 0.10% | 2.42% | 2.32% |
| GNRCGenerac Holdings, Inc. | 0.02% | 1.70% | 1.68% |
| NDSNNordson Corp | 0.02% | 1.58% | 1.56% |
| RLRalph Lauren Corp. Class A | 0.02% | 1.36% | 1.34% |
| AMEAmetek Inc. | 0.09% | 0.97% | 0.88% |
23.9% of PJFM 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 PJFM?
IVV has an expense ratio of 0.03% while PJFM charges 0.49%. IVV is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, IVV or PJFM?
Over the past year IVV returned +17.57% vs +9.12% for PJFM, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PJFM?
PJFM has been the more volatile fund at 15.3% annualized versus 11.9% for IVV. Worst drawdown: IVV -18.8% vs PJFM -22.8%.
Should I hold both IVV and PJFM?
IVV and PJFM have a monthly-return correlation of 0.77, 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 PJFM?
23.9% of PJFM's money is in holdings IVV also owns. 23.9% of PJFM's is in holdings IVV also owns. They hold 10 positions in common, counted across the 505 positions we hold weights for in IVV and 50 in PJFM.
Which pays a higher dividend, IVV or PJFM?
IVV yields 1.06% while PJFM yields 0.58%, so IVV currently pays the higher dividend yield.
Is PJFM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. PJFM is less concentrated, with 32.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.