IVV vs PJFV
iShares Core S&P 500 ETF vs PGIM Jennison Focused Value ETF
Which is better, IVV or PJFV?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 41.1%.
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 | PJFV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.33% |
| AUM | $882.6B | $162M |
| Dividend Yield | 1.06% | 0.57% |
| Holdings | 508 | 37 |
| YTD Return | +12.76% | +19.06%Best |
| 1Y Return | +15.57% | +25.67%Best |
| 3Y Return (annualized) | +22.95% | +25.48%Best |
| 5Y Return (annualized) | +13.54% | - |
| Volatility (annualized) | 12.4% | 11.8%Best |
| Max Drawdown | -18.8% | -18.1%Best |
| $10,000 over 3.8 years | $20,210 | $20,550Best |
| Top 10 Weight | 38.1%Best | 41.1% |
| Fund Family | iShares by BlackRock (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Dec 12, 2022 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 14, 2022 to Oct 1, 2026 (3.8 years).
IVV vs PJFV 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 3.8 years both funds cover.
IVV vs PJFV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments. Over the past year IVV returned +15.57% while PJFV returned +25.67%. Year to date, IVV is up 12.76% versus a gain of 19.06% for PJFV.
Over three years, IVV compounded at +22.95% per year against +25.48% for PJFV. Across the full 4-year window we track, PJFV has the edge at +20.87% annualized vs +20.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 11.8% 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 -18.8% for IVV and -18.1% for PJFV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. 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 1.06% against 0.57% for PJFV.
Holdings Overlap
34.4% of IVV's money is in holdings PJFV also owns. 80.3% of PJFV's money is in holdings IVV also owns.
Most of PJFV is already inside IVV. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 505 positions we hold weights for in IVV and 35 in PJFV, against full books of 508 and 37.
What only one of them owns
Our book lists 3 positions for PJFV that do not appear in our book for IVV (8.4% of the fund), and 469 for IVV that do not appear in PJFV (64.8%).
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 PJFV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.39% | 5.61% | 1.78% |
| MSFTMicrosoft Corp | 5.57% | 6.00% | 0.43% |
| AMZNAmazon.Com Inc | 3.80% | 4.74% | 0.94% |
| JPMJpmorgan Chase | 1.44% | 4.56% | 3.12% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.97% | 0.03% |
| XOMExxon Mobil Corp. | 1.04% | 4.04% | 3.00% |
| METAMeta Platforms Inc | 2.15% | 2.10% | 0.05% |
| WMTWalmart, Inc. | 0.71% | 3.49% | 2.78% |
| LLYEli Lilly & Co. | 1.34% | 2.72% | 1.38% |
| AMDAdvanced Micro Devices Inc | 1.27% | 2.39% | 1.12% |
80.3% of PJFV 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 PJFV?
IVV has an expense ratio of 0.03% while PJFV charges 0.33%. IVV is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, IVV or PJFV?
Over the past year IVV returned +15.57% vs +25.67% for PJFV, so PJFV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +20.34% vs +20.87% for PJFV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PJFV?
IVV has been the more volatile fund at 12.4% annualized versus 11.8% for PJFV. Worst drawdown: IVV -18.8% vs PJFV -18.1%.
Should I hold both IVV and PJFV?
IVV and PJFV have a monthly-return correlation of 0.87, 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 PJFV?
80.3% of PJFV's money is in holdings IVV also owns. 80.3% of PJFV's is in holdings IVV also owns. They hold 28 positions in common, counted across the 505 positions we hold weights for in IVV and 35 in PJFV.
Which pays a higher dividend, IVV or PJFV?
IVV yields 1.06% while PJFV yields 0.57%, so IVV currently pays the higher dividend yield.
Is PJFV better than IVV?
IVV has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.