IVV vs PKW
iShares Core S&P 500 ETF vs Invesco BuyBack Achievers 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 | PKW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.62% | |
| AUM | $907.0B | $1.8B | |
| Dividend Yield | 1.10% | 0.77% | |
| Holdings | 508 | 227 | |
| YTD Return | +12.28% | +10.77% | |
| 1Y Return | +20.94% | +17.15% | |
| 3Y Return (annualized) | +21.81% | +18.95% | |
| 5Y Return (annualized) | +13.05% | +11.18% | |
| Volatility (annualized) | 15.1% | 17.1% | |
| Max Drawdown | -56.5% | -55.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 20, 2006 |
IVV vs PKW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco BuyBack Achievers ETF (PKW) is a ETF from Invesco (US). Over the past year IVV returned +20.94% while PKW returned +17.15%. Year to date, IVV is up 12.28% versus a gain of 10.77% for PKW.
Over three years, IVV compounded at +21.81% per year against +18.95% for PKW; over five years the annualized figures are +13.05% and +11.18% respectively. Across the full 20-year window we track, PKW has the edge at +9.84% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PKW has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -55.3% for PKW. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PKW charges 0.62%. On a $10,000 position that is $3 vs $62 annually, a gap of $59 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.77% for PKW.
Holdings Overlap
IVV and PKW share 41 holdings out of 690 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PKW?
IVV has an expense ratio of 0.03% while PKW charges 0.62%. IVV is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, IVV or PKW?
Over the past year IVV returned +20.94% vs +17.15% for PKW, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +6.98% vs +9.84% for PKW. Past performance does not guarantee future results.
Which is riskier, IVV or PKW?
PKW has been the more volatile fund at 17.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PKW -55.3%.
Should I hold both IVV and PKW?
IVV and PKW have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and PKW?
IVV and PKW share 41 common holdings with a 2.7% weight overlap. Combined, they hold 690 unique securities.
Which pays a higher dividend, IVV or PKW?
IVV yields 1.10% while PKW yields 0.77%, so IVV currently pays the higher dividend yield.
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