IVV vs PJIO
iShares Core S&P 500 ETF vs PGIM Jennison Focused International Equity 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 | PJIO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.54% | |
| AUM | $907.0B | $32M | |
| Dividend Yield | 1.10% | 0.19% | |
| Holdings | 508 | 35 | |
| YTD Return | +12.28% | +3.74% | |
| 1Y Return | +20.94% | +5.20% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 18.8% | |
| Max Drawdown | -56.5% | -19.4% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 14, 2023 |
IVV vs PJIO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Jennison Focused International Equity ETF (PJIO) is a ETF from PGIM Investments. Over the past year IVV returned +20.94% while PJIO returned +5.20%. Year to date, IVV is up 12.28% versus a gain of 3.74% for PJIO.
Risk: Volatility and Drawdowns
PJIO has been the more volatile fund, with annualized monthly volatility of 18.8% 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 -19.4% for PJIO. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PJIO charges 0.54%. On a $10,000 position that is $3 vs $54 annually, a gap of $51 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.19% for PJIO.
Holdings Overlap
IVV and PJIO share 0 holdings out of 541 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PJIO?
IVV has an expense ratio of 0.03% while PJIO charges 0.54%. IVV is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, IVV or PJIO?
Over the past year IVV returned +20.94% vs +5.20% for PJIO, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +6.98% vs +9.99% for PJIO. Past performance does not guarantee future results.
Which is riskier, IVV or PJIO?
PJIO has been the more volatile fund at 18.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PJIO -19.4%.
Should I hold both IVV and PJIO?
IVV and PJIO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PJIO?
IVV and PJIO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, IVV or PJIO?
IVV yields 1.10% while PJIO yields 0.19%, so IVV currently pays the higher dividend yield.
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