IVV vs PPI
iShares Core S&P 500 ETF vs Astoria Real Assets ETF
Quick Verdict
IVV has a lower expense ratio. PPI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.57% | |
| AUM | $886.7B | $162M | |
| Dividend Yield | 1.10% | 1.31% | |
| Holdings | 508 | 86 | |
| YTD Return | +12.92% | +12.28% | |
| 1Y Return | +21.22% | +24.63% | |
| 3Y Return (annualized) | +20.95% | +18.55% | |
| 5Y Return (annualized) | +12.76% | - | |
| Volatility (annualized) | 15.1% | 19.0% | |
| Max Drawdown | -56.5% | -24.5% | |
| Fund Family | iShares by BlackRock (US) | AXS Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 30, 2021 |
IVV vs PPI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Astoria Real Assets ETF (PPI) is a ETF from AXS Investments. Over the past year IVV returned +21.22% while PPI returned +24.63%. Year to date, IVV is up 12.92% versus a gain of 12.28% for PPI.
Over three years, IVV compounded at +20.95% per year against +18.55% for PPI. Across the full 5-year window we track, PPI has the edge at +14.16% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PPI has been the more volatile fund, with annualized monthly volatility of 19.0% 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 -24.5% for PPI. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PPI charges 0.57%. On a $10,000 position that is $3 vs $57 annually, a gap of $54 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.31% for PPI.
Holdings Overlap
IVV and PPI share 29 holdings out of 554 unique holdings combined, representing a 3.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PPI?
IVV has an expense ratio of 0.03% while PPI charges 0.57%. IVV is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, IVV or PPI?
Over the past year IVV returned +21.22% vs +24.63% for PPI, so PPI leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +14.16% for PPI. Past performance does not guarantee future results.
Which is riskier, IVV or PPI?
PPI has been the more volatile fund at 19.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PPI -24.5%.
Should I hold both IVV and PPI?
IVV and PPI have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PPI?
IVV and PPI share 29 common holdings with a 3.8% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, IVV or PPI?
IVV yields 1.10% while PPI yields 1.31%, so PPI currently pays the higher dividend yield.
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