IVV vs PML
iShares Core S&P 500 ETF vs PIMCO Municipal Income Fund II
Which is better, IVV or PML?
Large Cap Blend against Municipal Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | PML |
|---|---|---|
| Expense Ratio | 0.03%Best | 4.81% |
| AUM | $876.4B | $1.0B |
| Dividend Yield | 1.06% | 6.15% |
| Holdings | 508 | 364 |
| YTD Return | +11.57%Best | -3.17% |
| 1Y Return | +17.57%Best | -0.39% |
| 3Y Return (annualized) | +20.71%Best | -0.12% |
| 5Y Return (annualized) | +12.80%Best | -8.86% |
| Volatility (annualized) | 14.8%Best | 15.5% |
| Max Drawdown | -56.5%Best | -67.4% |
| $10,000 over 5 years | $18,262Best | $6,288 |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Jun 28, 2002 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 26, 2002 to Sep 10, 2026 (24.2 years).
IVV vs PML 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs PML Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO Municipal Income Fund II (PML) is an ETF from PIMCO (US). Over the past year IVV returned +17.57% while PML returned -0.39%. Year to date, IVV is up 11.57% versus a loss of 3.17% for PML.
Over three years, IVV compounded at +20.71% per year against -0.12% for PML; over five years the annualized figures are +12.80% and -8.86% respectively. Across the full 24-year window we track, IVV has the edge at +9.20% annualized vs -1.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PML has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.8% 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 -67.4% for PML. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PML charges 4.81%. On a $10,000 position that is $3 vs $481 annually, a gap of $478 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 6.15% for PML.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 148 in PML, totalling 100.0% and 72.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 127 days apart, IVV as of Aug 5, 2026 and PML as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 148 in PML, against full books of 508 and 364.
You are not choosing between two funds in isolation.
Whichever of IVV and PML you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PML?
IVV has an expense ratio of 0.03% while PML charges 4.81%. IVV is the cheaper option, by $478 a year on a $10,000 investment.
Which performed better, IVV or PML?
Over the past year IVV returned +17.57% vs -0.39% for PML, so IVV leads on 1-year performance. Over the longest common window we track (24 years), IVV annualized +9.20% vs -1.80% for PML. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PML?
PML has been the more volatile fund at 15.5% annualized versus 14.8% for IVV. Worst drawdown: IVV -56.5% vs PML -67.4%.
Should I hold both IVV and PML?
IVV and PML have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or PML?
IVV yields 1.06% while PML yields 6.15%, so PML currently pays the higher dividend yield.
Is PML better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.