IVV vs POWA
iShares Core S&P 500 ETF vs Invesco Bloomberg Pricing Power 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 | POWA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $907.0B | $184M | |
| Dividend Yield | 1.10% | 0.93% | |
| Holdings | 508 | 52 | |
| YTD Return | +12.71% | +2.26% | |
| 1Y Return | +21.89% | +3.97% | |
| 3Y Return (annualized) | +22.08% | +11.83% | |
| 5Y Return (annualized) | +12.96% | +6.83% | |
| Volatility (annualized) | 15.1% | 13.3% | |
| Max Drawdown | -56.5% | -47.9% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 15, 2006 |
IVV vs POWA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Bloomberg Pricing Power ETF (POWA) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while POWA returned +3.97%. Year to date, IVV is up 12.71% versus a gain of 2.26% for POWA.
Over three years, IVV compounded at +22.08% per year against +11.83% for POWA; over five years the annualized figures are +12.96% and +6.83% respectively. Across the full 20-year window we track, POWA has the edge at +8.64% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.3% for POWA. 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 -47.9% for POWA. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while POWA charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.93% for POWA.
Holdings Overlap
IVV and POWA share 41 holdings out of 515 unique holdings combined, representing a 6.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or POWA?
IVV has an expense ratio of 0.03% while POWA charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or POWA?
Over the past year IVV returned +21.89% vs +3.97% for POWA, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.00% vs +8.64% for POWA. Past performance does not guarantee future results.
Which is riskier, IVV or POWA?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for POWA. Worst drawdown: IVV -56.5% vs POWA -47.9%.
Should I hold both IVV and POWA?
IVV and POWA have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and POWA?
IVV and POWA share 41 common holdings with a 6.7% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or POWA?
IVV yields 1.10% while POWA yields 0.93%, so IVV currently pays the higher dividend yield.
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