IVV vs PPIE
iShares Core S&P 500 ETF vs Putnam PanAgora ESG International Equity ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PPIE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $865.2B | $4M | |
| Dividend Yield | 1.09% | 12.07% | |
| Holdings | 508 | 142 | |
| YTD Return | +13.72% | +7.54% | |
| 1Y Return | +21.64% | +19.80% | |
| 3Y Return (annualized) | +21.55% | +18.19% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 12.1% | |
| Max Drawdown | -56.5% | -13.6% | |
| Fund Family | iShares by BlackRock (US) | Putnam Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 19, 2023 |
IVV vs PPIE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Putnam PanAgora ESG International Equity ETF (PPIE) is a ETF from Putnam Investments. Over the past year IVV returned +21.64% while PPIE returned +19.80%. Year to date, IVV is up 13.72% versus a gain of 7.54% for PPIE.
Over three years, IVV compounded at +21.55% per year against +18.19% for PPIE. Across the full 3-year window we track, PPIE has the edge at +16.94% annualized vs +7.04%. 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 12.1% for PPIE. 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 -13.6% for PPIE. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PPIE charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 12.07% for PPIE.
Holdings Overlap
IVV and PPIE share 0 holdings out of 642 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PPIE?
IVV has an expense ratio of 0.03% while PPIE charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or PPIE?
Over the past year IVV returned +21.64% vs +19.80% for PPIE, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +16.94% for PPIE. Past performance does not guarantee future results.
Which is riskier, IVV or PPIE?
IVV has been the more volatile fund at 15.1% annualized versus 12.1% for PPIE. Worst drawdown: IVV -56.5% vs PPIE -13.6%.
Should I hold both IVV and PPIE?
IVV and PPIE have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PPIE?
IVV and PPIE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 642 unique securities.
Which pays a higher dividend, IVV or PPIE?
IVV yields 1.09% while PPIE yields 12.07%, so PPIE currently pays the higher dividend yield.
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