IVV vs PNQI
iShares Core S&P 500 ETF vs Invesco Nasdaq Internet ETF
Which is better, IVV or PNQI?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, PNQI over the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.6%.
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 | PNQI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $876.4B | $544M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 80 |
| YTD Return | +12.27%Best | -4.24% |
| 1Y Return | +17.04%Best | -9.18% |
| 3Y Return (annualized) | +21.24%Best | +17.08% |
| 5Y Return (annualized) | +13.08%Best | +0.39% |
| Volatility (annualized) | 15.6%Best | 22.9% |
| Max Drawdown | -50.1%Best | -59.7% |
| $10,000 over 5 years | $18,490Best | $10,197 |
| Top 10 Weight | 37.8%Best | 58.6% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Jun 12, 2008 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2008 to Sep 17, 2026 (18.3 years).
IVV vs PNQI 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 18.3 years both funds cover.
IVV vs PNQI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Nasdaq Internet ETF (PNQI) is an ETF from Invesco (US). Over the past year IVV returned +17.04% while PNQI returned -9.18%. Year to date, IVV is up 12.27% versus a loss of 4.24% for PNQI.
Over three years, IVV compounded at +21.24% per year against +17.08% for PNQI; over five years the annualized figures are +13.08% and +0.39% respectively. Across the full 18-year window we track, PNQI has the edge at +13.71% annualized vs +10.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PNQI has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 15.6% 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 -50.1% for IVV and -59.7% for PNQI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PNQI charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for PNQI.
Holdings Overlap
23.4% of IVV's money is in holdings PNQI also owns. 75.1% of PNQI's money is in holdings IVV also owns.
Most of PNQI is already inside IVV. Owning both mostly buys the same companies twice.
23 positions in common, counted across the 490 positions we hold weights for in IVV and 77 in PNQI, against full books of 508 and 80.
What only one of them owns
Our book lists 42 positions for PNQI that do not appear in our book for IVV (12.6% of the fund), and 459 for IVV that do not appear in PNQI (75.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PNQI | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 7.61% | 0.59% |
| MSFTMicrosoft Corp | 5.69% | 8.46% | 2.77% |
| AMZNAmazon.Com Inc | 3.84% | 7.19% | 3.35% |
| GOOGAlphabet Inc | 2.39% | 6.68% | 4.29% |
| METAMeta Platforms Inc | 1.90% | 6.78% | 4.88% |
| CRMSalesforce Inc Crm Us Equity | 0.32% | 5.05% | 4.73% |
| BKNGBooking Holdings, Inc. | 0.23% | 4.20% | 3.97% |
| UBERUber Technologies Inc | 0.23% | 4.03% | 3.80% |
| DISWalt Disney Co | 0.28% | 3.96% | 3.68% |
| NFLXNetflix, Inc. | 0.51% | 3.53% | 3.02% |
75.1% of PNQI 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 PNQI?
IVV has an expense ratio of 0.03% while PNQI charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or PNQI?
Over the past year IVV returned +17.04% vs -9.18% for PNQI, so IVV leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +10.37% vs +13.71% for PNQI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PNQI?
PNQI has been the more volatile fund at 22.9% annualized versus 15.6% for IVV. Worst drawdown: IVV -50.1% vs PNQI -59.7%.
Should I hold both IVV and PNQI?
IVV and PNQI have a monthly-return correlation of 0.79, 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 PNQI?
75.1% of PNQI's money is in holdings IVV also owns. 75.1% of PNQI's is in holdings IVV also owns. They hold 23 positions in common, counted across the 490 positions we hold weights for in IVV and 77 in PNQI.
Which pays a higher dividend, IVV or PNQI?
IVV yields 1.06% while PNQI yields 0.00%, so IVV currently pays the higher dividend yield.
Is PNQI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, PNQI over the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.