IVV vs PPIE
iShares Core S&P 500 ETF vs Putnam PanAgora ESG International Equity ETF
Which is better, IVV or PPIE?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over the full window, PPIE over 1Y. PPIE is less concentrated, with 26.8% of the fund in its ten largest positions against 37.9%.
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 | PPIE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $886.7B | $4M |
| Dividend Yield | 1.10% | 12.07% |
| Holdings | 508 | 142 |
| Volatility (annualized) | 12.9% | 12.1%Best |
| Max Drawdown | -18.8% | -13.6%Best |
| $10,000 over 3.4 years | $19,542Best | $17,025 |
| Top 10 Weight | 37.9% | 26.8%Best |
| Fund Family | iShares by BlackRock (US) | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jan 19, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 87 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 4, 2026 and PPIE through Jun 9, 2026.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Jan 20, 2023 to Jun 9, 2026 (3.4 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.9% 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 -18.8% for IVV and -13.6% for PPIE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
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 1.10% against 12.07% for PPIE.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 137 in PPIE, totalling 100.0% and 97.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 159 days apart, IVV as of Aug 5, 2026 and PPIE as of Feb 27, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 137 in PPIE, against full books of 508 and 142.
What only one of them owns
Our book lists 6 positions for PPIE that do not appear in our book for IVV (6.6% of the fund), and 497 for IVV that do not appear in PPIE (99.3%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and PPIE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $46 a year on a $10,000 investment.
Which is riskier, IVV or PPIE?
IVV has been the more volatile fund at 12.9% annualized versus 12.1% for PPIE. Worst drawdown: IVV -18.8% vs PPIE -13.6%.
Should I hold both IVV and PPIE?
IVV and PPIE have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or PPIE?
IVV yields 1.10% while PPIE yields 12.07%, so PPIE currently pays the higher dividend yield.
Is PPIE better than IVV?
IVV has a lower expense ratio. IVV led over the full window, PPIE over 1Y. PPIE is less concentrated, with 26.8% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.