IVV vs PRFD
IVV vs PRFD
iShares Core S&P 500 ETF vs PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
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 | PRFD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.73% | |
| AUM | $865.2B | $235M | |
| Dividend Yield | 1.09% | 5.72% | |
| Holdings | 508 | 223 | |
| YTD Return | +13.80% | +1.07% | |
| 1Y Return | +23.70% | +4.79% | |
| 3Y Return (annualized) | +21.49% | +8.39% | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 6.9% | |
| Max Drawdown | -56.5% | -11.9% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jan 18, 2023 |
IVV vs PRFD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (PRFD) is a ETF from PIMCO (US). Over the past year IVV returned +23.70% while PRFD returned +4.79%. Year to date, IVV is up 13.80% versus a gain of 1.07% for PRFD.
Over three years, IVV compounded at +21.49% per year against +8.39% for PRFD. Across the full 4-year window we track, IVV has the edge at +7.05% annualized vs +5.98%. 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 6.9% for PRFD. 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 -11.9% for PRFD. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PRFD charges 0.73%. On a $10,000 position that is $3 vs $73 annually, a gap of $70 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.72% for PRFD.
Holdings Overlap
IVV and PRFD share 1 holdings out of 620 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PRFD | Difference |
|---|---|---|---|
| BK | 0.17% | 0.20% | 0.03% |
Frequently Asked Questions
Which is cheaper, IVV or PRFD?
IVV has an expense ratio of 0.03% while PRFD charges 0.73%. IVV is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, IVV or PRFD?
Over the past year IVV returned +23.70% vs +4.79% for PRFD, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.05% vs +5.98% for PRFD. Past performance does not guarantee future results.
Which is riskier, IVV or PRFD?
IVV has been the more volatile fund at 15.1% annualized versus 6.9% for PRFD. Worst drawdown: IVV -56.5% vs PRFD -11.9%.
Should I hold both IVV and PRFD?
IVV and PRFD have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PRFD?
IVV and PRFD share 1 common holdings with a 0.2% weight overlap. Combined, they hold 620 unique securities.
Which pays a higher dividend, IVV or PRFD?
IVV yields 1.09% while PRFD yields 5.72%, so PRFD currently pays the higher dividend yield.
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