IVV vs PJP
iShares Core S&P 500 ETF vs Invesco Pharmaceuticals ETF
Which is better, IVV or PJP?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y and 5Y, PJP over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 48.8%.
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 | PJP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.57% |
| AUM | $886.7B | $529M |
| Dividend Yield | 1.10% | 0.87% |
| Holdings | 508 | 32 |
| YTD Return | +13.39% | +24.41%Best |
| 1Y Return | +20.08% | +41.39%Best |
| 3Y Return (annualized) | +21.29%Best | +20.08% |
| 5Y Return (annualized) | +12.88%Best | +10.85% |
| Volatility (annualized) | 15.0%Best | 15.7% |
| Max Drawdown | -56.5% | -42.4%Best |
| $10,000 over 5 years | $18,327Best | $16,737 |
| Top 10 Weight | 37.9%Best | 48.8% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jun 23, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Sep 4, 2026 (21.2 years).
IVV vs PJP 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 21.2 years both funds cover.
IVV vs PJP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Pharmaceuticals ETF (PJP) is an ETF from Invesco (US). Over the past year IVV returned +20.08% while PJP returned +41.39%. Year to date, IVV is up 13.39% versus a gain of 24.41% for PJP.
Over three years, IVV compounded at +21.29% per year against +20.08% for PJP; over five years the annualized figures are +12.88% and +10.85% respectively. Across the full 21-year window we track, PJP has the edge at +11.02% annualized vs +9.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJP has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.0% 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 -42.4% for PJP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PJP charges 0.57%. On a $10,000 position that is $3 vs $57 annually, a gap of $54 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.87% for PJP.
Holdings Overlap
4.9% of IVV's money is in holdings PJP also owns. 52.0% of PJP's money is in holdings IVV also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in PJP, against full books of 508 and 32.
What only one of them owns
Measured across the 505 and 30 positions we hold weights for.
IVV holds 485 positions PJP does not, 94.4% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in IVV | Weight in PJP | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 1.39% | 4.82% | 3.43% |
| JNJJohnson & Johnson - Common | 0.93% | 5.09% | 4.16% |
| ABBVAbbvie Inc. | 0.65% | 5.29% | 4.64% |
| ABTAbbott Laboratories | 0.28% | 5.62% | 5.34% |
| AMGNAmgen Inc. | 0.33% | 5.34% | 5.01% |
| MRKMerck & Company Inc | 0.48% | 4.91% | 4.43% |
| GILDGilead Sciences | 0.25% | 4.65% | 4.40% |
| PFEPfizer Inc | 0.22% | 4.59% | 4.37% |
| REGNRegeneron Pharmaceuticals, Inc. | 0.12% | 3.10% | 2.98% |
| BMYBristol-Myers Squibb Co. | 0.20% | 2.94% | 2.74% |
52.0% of PJP 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 PJP?
IVV has an expense ratio of 0.03% while PJP charges 0.57%. IVV is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, IVV or PJP?
Over the past year IVV returned +20.08% vs +41.39% for PJP, so PJP leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +9.59% vs +11.02% for PJP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PJP?
PJP has been the more volatile fund at 15.7% annualized versus 15.0% for IVV. Worst drawdown: IVV -56.5% vs PJP -42.4%.
Should I hold both IVV and PJP?
IVV and PJP have a monthly-return correlation of 0.67, 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 PJP?
52.0% of PJP's money is in holdings IVV also owns. 52.0% of PJP's is in holdings IVV also owns. They hold 12 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in PJP.
Which pays a higher dividend, IVV or PJP?
IVV yields 1.10% while PJP yields 0.87%, so IVV currently pays the higher dividend yield.
Is PJP better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and 5Y, PJP over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.