IVV vs PSDM
iShares Core S&P 500 ETF vs PGIM Short Duration Multi-Sector Bond 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 | PSDM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $219M | |
| Dividend Yield | 1.09% | 5.23% | |
| Holdings | 508 | 848 | |
| YTD Return | +13.72% | -1.17% | |
| 1Y Return | +21.64% | +0.61% | |
| 3Y Return (annualized) | +21.55% | +4.65% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 2.2% | |
| Max Drawdown | -56.5% | -2.2% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jul 19, 2023 |
IVV vs PSDM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Short Duration Multi-Sector Bond ETF (PSDM) is a ETF from PGIM Investments. Over the past year IVV returned +21.64% while PSDM returned +0.61%. Year to date, IVV is up 13.72% versus a loss of 1.17% for PSDM.
Over three years, IVV compounded at +21.55% per year against +4.65% for PSDM. Across the full 3-year window we track, IVV has the edge at +7.04% annualized vs +4.59%. 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 2.2% for PSDM. 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 -2.2% for PSDM. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PSDM charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.23% for PSDM.
Holdings Overlap
IVV and PSDM share 0 holdings out of 827 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 PSDM?
IVV has an expense ratio of 0.03% while PSDM charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or PSDM?
Over the past year IVV returned +21.64% vs +0.61% for PSDM, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +4.59% for PSDM. Past performance does not guarantee future results.
Which is riskier, IVV or PSDM?
IVV has been the more volatile fund at 15.1% annualized versus 2.2% for PSDM. Worst drawdown: IVV -56.5% vs PSDM -2.2%.
Should I hold both IVV and PSDM?
IVV and PSDM have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PSDM?
IVV and PSDM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 827 unique securities.
Which pays a higher dividend, IVV or PSDM?
IVV yields 1.09% while PSDM yields 5.23%, so PSDM currently pays the higher dividend yield.
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