IVV vs PSCM
iShares Core S&P 500 ETF vs Invesco S&P SmallCap Materials ETF
Quick Verdict
IVV has a lower expense ratio. PSCM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PSCM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $865.2B | $21M | |
| Dividend Yield | 1.09% | 0.97% | |
| Holdings | 508 | 27 | |
| YTD Return | +13.80% | +20.55% | |
| 1Y Return | +23.01% | +38.29% | |
| 3Y Return (annualized) | +21.77% | +15.71% | |
| 5Y Return (annualized) | +13.39% | +10.16% | |
| Volatility (annualized) | 15.1% | 24.4% | |
| Max Drawdown | -56.5% | -52.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 7, 2010 |
IVV vs PSCM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P SmallCap Materials ETF (PSCM) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while PSCM returned +38.29%. Year to date, IVV is up 13.80% versus a gain of 20.55% for PSCM.
Over three years, IVV compounded at +21.77% per year against +15.71% for PSCM; over five years the annualized figures are +13.39% and +10.16% respectively. Across the full 16-year window we track, PSCM has the edge at +9.16% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCM has been the more volatile fund, with annualized monthly volatility of 24.4% 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 -52.5% for PSCM. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PSCM charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.97% for PSCM.
Holdings Overlap
IVV and PSCM share 0 holdings out of 530 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 PSCM?
IVV has an expense ratio of 0.03% while PSCM charges 0.29%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or PSCM?
Over the past year IVV returned +23.01% vs +38.29% for PSCM, so PSCM leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.04% vs +9.16% for PSCM. Past performance does not guarantee future results.
Which is riskier, IVV or PSCM?
PSCM has been the more volatile fund at 24.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PSCM -52.5%.
Should I hold both IVV and PSCM?
IVV and PSCM have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PSCM?
IVV and PSCM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, IVV or PSCM?
IVV yields 1.09% while PSCM yields 0.97%, so IVV currently pays the higher dividend yield.
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