IVV vs PSI
iShares Core S&P 500 ETF vs Invesco Semiconductors ETF
Quick Verdict
IVV has a lower expense ratio. PSI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.56% | |
| AUM | $907.0B | $2.7B | |
| Dividend Yield | 1.10% | 0.04% | |
| Holdings | 508 | 32 | |
| YTD Return | +13.22% | +68.36% | |
| 1Y Return | +21.62% | +131.01% | |
| 3Y Return (annualized) | +22.17% | +46.80% | |
| 5Y Return (annualized) | +13.42% | +28.18% | |
| Volatility (annualized) | 15.1% | 28.8% | |
| Max Drawdown | -56.5% | -99.6% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 23, 2005 |
IVV vs PSI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Semiconductors ETF (PSI) is a ETF from Invesco (US). Over the past year IVV returned +21.62% while PSI returned +131.01%. Year to date, IVV is up 13.22% versus a gain of 68.36% for PSI.
Over three years, IVV compounded at +22.17% per year against +46.80% for PSI; over five years the annualized figures are +13.42% and +28.18% respectively. Across the full 21-year window we track, PSI has the edge at +17.13% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSI has been the more volatile fund, with annualized monthly volatility of 28.8% 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 -99.6% for PSI. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PSI charges 0.56%. On a $10,000 position that is $3 vs $56 annually, a gap of $53 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.04% for PSI.
Holdings Overlap
IVV and PSI share 8 holdings out of 528 unique holdings combined, representing a 8.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PSI?
IVV has an expense ratio of 0.03% while PSI charges 0.56%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, IVV or PSI?
Over the past year IVV returned +21.62% vs +131.01% for PSI, so PSI leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.02% vs +17.13% for PSI. Past performance does not guarantee future results.
Which is riskier, IVV or PSI?
PSI has been the more volatile fund at 28.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PSI -99.6%.
Should I hold both IVV and PSI?
IVV and PSI have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PSI?
IVV and PSI share 8 common holdings with a 8.2% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, IVV or PSI?
IVV yields 1.10% while PSI yields 0.04%, so IVV currently pays the higher dividend yield.
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