IVV vs PKB
iShares Core S&P 500 ETF vs Invesco Building and Construction 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 | PKB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.57% | |
| AUM | $907.0B | $373M | |
| Dividend Yield | 1.10% | 0.20% | |
| Holdings | 508 | 32 | |
| YTD Return | +14.29% | +10.66% | |
| 1Y Return | +21.79% | +15.65% | |
| 3Y Return (annualized) | +22.19% | +23.18% | |
| 5Y Return (annualized) | +13.28% | +15.89% | |
| Volatility (annualized) | 15.1% | 24.7% | |
| Max Drawdown | -56.5% | -65.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 26, 2005 |
IVV vs PKB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Building and Construction ETF (PKB) is a ETF from Invesco (US). Over the past year IVV returned +21.79% while PKB returned +15.65%. Year to date, IVV is up 14.29% versus a gain of 10.66% for PKB.
Over three years, IVV compounded at +22.19% per year against +23.18% for PKB; over five years the annualized figures are +13.28% and +15.89% respectively. Across the full 21-year window we track, PKB has the edge at +9.79% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PKB has been the more volatile fund, with annualized monthly volatility of 24.7% 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 -65.3% for PKB. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PKB 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 0.20% for PKB.
Holdings Overlap
IVV and PKB share 7 holdings out of 529 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PKB?
IVV has an expense ratio of 0.03% while PKB charges 0.57%. IVV is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, IVV or PKB?
Over the past year IVV returned +21.79% vs +15.65% for PKB, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.06% vs +9.79% for PKB. Past performance does not guarantee future results.
Which is riskier, IVV or PKB?
PKB has been the more volatile fund at 24.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PKB -65.3%.
Should I hold both IVV and PKB?
IVV and PKB have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PKB?
IVV and PKB share 7 common holdings with a 1.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, IVV or PKB?
IVV yields 1.10% while PKB yields 0.20%, so IVV currently pays the higher dividend yield.
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