IVV vs PJFV
iShares Core S&P 500 ETF vs PGIM Jennison Focused Value ETF
Quick Verdict
IVV has a lower expense ratio. PJFV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PJFV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.33% | |
| AUM | $865.2B | $125M | |
| Dividend Yield | 1.09% | 0.57% | |
| Holdings | 508 | 38 | |
| YTD Return | +14.50% | +22.07% | |
| 1Y Return | +22.02% | +34.20% | |
| 3Y Return (annualized) | +21.80% | +24.93% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 11.9% | |
| Max Drawdown | -56.5% | -18.1% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 12, 2022 |
IVV vs PJFV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Jennison Focused Value ETF (PJFV) is a ETF from PGIM Investments. Over the past year IVV returned +22.02% while PJFV returned +34.20%. Year to date, IVV is up 14.50% versus a gain of 22.07% for PJFV.
Over three years, IVV compounded at +21.80% per year against +24.93% for PJFV. Across the full 4-year window we track, PJFV has the edge at +22.54% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.9% for PJFV. 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 -18.1% for PJFV. 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 PJFV charges 0.33%. On a $10,000 position that is $3 vs $33 annually, a gap of $30 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.57% for PJFV.
Holdings Overlap
IVV and PJFV share 27 holdings out of 513 unique holdings combined, representing a 20.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PJFV?
IVV has an expense ratio of 0.03% while PJFV charges 0.33%. IVV is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, IVV or PJFV?
Over the past year IVV returned +22.02% vs +34.20% for PJFV, so PJFV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.07% vs +22.54% for PJFV. Past performance does not guarantee future results.
Which is riskier, IVV or PJFV?
IVV has been the more volatile fund at 15.1% annualized versus 11.9% for PJFV. Worst drawdown: IVV -56.5% vs PJFV -18.1%.
Should I hold both IVV and PJFV?
IVV and PJFV 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 PJFV?
IVV and PJFV share 27 common holdings with a 20.5% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or PJFV?
IVV yields 1.09% while PJFV yields 0.57%, so IVV currently pays the higher dividend yield.
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