IVV vs PPEM
iShares Core S&P 500 ETF vs Putnam PanAgora ESG Emerging Markets Equity ETF
Quick Verdict
IVV has a lower expense ratio. PPEM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PPEM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $2M | |
| Dividend Yield | 1.09% | 49.41% | |
| Holdings | 508 | 116 | |
| YTD Return | +13.80% | +28.48% | |
| 1Y Return | +23.70% | +55.32% | |
| 3Y Return (annualized) | +21.49% | +24.92% | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 16.7% | |
| Max Drawdown | -56.5% | -18.4% | |
| Fund Family | iShares by BlackRock (US) | Putnam Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 19, 2023 |
IVV vs PPEM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is a ETF from Putnam Investments. Over the past year IVV returned +23.70% while PPEM returned +55.32%. Year to date, IVV is up 13.80% versus a gain of 28.48% for PPEM.
Over three years, IVV compounded at +21.49% per year against +24.92% for PPEM. Across the full 3-year window we track, PPEM has the edge at +21.29% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PPEM has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -18.4% for PPEM. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PPEM 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 1.09% against 49.41% for PPEM.
Holdings Overlap
IVV and PPEM share 1 holdings out of 613 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PPEM | Difference |
|---|---|---|---|
| TEL | 0.09% | 0.24% | 0.15% |
Frequently Asked Questions
Which is cheaper, IVV or PPEM?
IVV has an expense ratio of 0.03% while PPEM charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or PPEM?
Over the past year IVV returned +23.70% vs +55.32% for PPEM, so PPEM leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.05% vs +21.29% for PPEM. Past performance does not guarantee future results.
Which is riskier, IVV or PPEM?
PPEM has been the more volatile fund at 16.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PPEM -18.4%.
Should I hold both IVV and PPEM?
IVV and PPEM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PPEM?
IVV and PPEM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 613 unique securities.
Which pays a higher dividend, IVV or PPEM?
IVV yields 1.09% while PPEM yields 49.41%, so PPEM currently pays the higher dividend yield.
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