IVV vs PSEP
iShares Core S&P 500 ETF vs Innovator U.S. Equity Power Buffer ETF - September
Which is better, IVV or PSEP?
Large Cap Blend against Option Writing.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | PSEP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $815M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 12 |
| YTD Return | +12.27%Best | +7.00% |
| 1Y Return | +17.04%Best | +9.55% |
| 3Y Return (annualized) | +21.24%Best | +12.22% |
| 5Y Return (annualized) | +13.08%Best | +9.75% |
| Volatility (annualized) | 16.7% | 8.4%Best |
| Max Drawdown | -33.9% | -17.9%Best |
| $10,000 over 5 years | $18,490Best | $15,923 |
| Top 10 Weight | 37.8%Tie | 37.8%Tie |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | May 15, 2000 | Aug 30, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Sep 3, 2019 to Sep 17, 2026 (7 years).
IVV vs PSEP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
IVV vs PSEP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust. Over the past year IVV returned +17.04% while PSEP returned +9.55%. Year to date, IVV is up 12.27% versus a gain of 7.00% for PSEP.
Over three years, IVV compounded at +21.24% per year against +12.22% for PSEP; over five years the annualized figures are +13.08% and +9.75% respectively. Across the full 7-year window we track, IVV has the edge at +15.92% annualized vs +9.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 8.4% for PSEP. 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 -33.9% for IVV and -17.9% for PSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PSEP charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for PSEP.
Holdings Overlap
96.7% of IVV's money is in holdings PSEP also owns. 96.3% of PSEP's money is in holdings IVV also owns.
Most of IVV is already inside PSEP. Owning both mostly buys the same companies twice.
465 positions in common, counted across the 490 positions we hold weights for in IVV and 491 in PSEP, against full books of 508 and 12.
What only one of them owns
Our book lists 23 positions for PSEP that do not appear in our book for IVV (1.9% of the fund), and 18 for IVV that do not appear in PSEP (1.9%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PSEP | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 8.21% | 0.14% |
| AAPLApple, Inc | 7.02% | 7.15% | 0.13% |
| MSFTMicrosoft Corp | 5.69% | 5.62% | 0.07% |
| AMZNAmazon.Com Inc | 3.84% | 3.76% | 0.08% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.98% | 0.02% |
| AVGOBroadcom Inc | 2.65% | 2.51% | 0.14% |
| GOOGAlphabet Inc | 2.39% | 2.38% | 0.01% |
| METAMeta Platforms Inc | 1.90% | 1.99% | 0.09% |
| MUMicron Technology, Inc. | 1.63% | 1.60% | 0.03% |
| TSLATesla Inc | 1.56% | 1.57% | 0.01% |
96.7% of IVV is already inside PSEP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PSEP?
IVV has an expense ratio of 0.03% while PSEP charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or PSEP?
Over the past year IVV returned +17.04% vs +9.55% for PSEP, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +15.92% vs +9.56% for PSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PSEP?
IVV has been the more volatile fund at 16.7% annualized versus 8.4% for PSEP. Worst drawdown: IVV -33.9% vs PSEP -17.9%.
Should I hold both IVV and PSEP?
IVV and PSEP have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and PSEP?
96.7% of IVV's money is in holdings PSEP also owns. 96.3% of PSEP's is in holdings IVV also owns. They hold 465 positions in common, counted across the 490 positions we hold weights for in IVV and 491 in PSEP.
Which pays a higher dividend, IVV or PSEP?
IVV yields 1.06% while PSEP yields 0.00%, so IVV currently pays the higher dividend yield.
Is PSEP better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.