IVV vs PSK
iShares Core S&P 500 ETF vs State Street SPDR ICE Preferred Securities ETF
Which is better, IVV or PSK?
Large Cap Blend against Preferred Stock.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | PSK |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.45% |
| AUM | $876.4B | $669M |
| Dividend Yield | 1.06% | 7.28% |
| Holdings | 508 | 165 |
| YTD Return | +12.39%Best | -4.69% |
| 1Y Return | +16.61%Best | -6.99% |
| 3Y Return (annualized) | +21.38%Best | +2.20% |
| 5Y Return (annualized) | +13.51%Best | -1.79% |
| Volatility (annualized) | 14.4% | 8.9%Best |
| Max Drawdown | -33.9%Best | -34.1% |
| $10,000 over 5 years | $18,844Best | $9,136 |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Preferred Stock |
| Inception | May 15, 2000 | Sep 16, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 17, 2009 to Sep 18, 2026 (17 years).
IVV vs PSK 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs PSK Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR ICE Preferred Securities ETF (PSK) is an ETF from State Street Investment Management. Over the past year IVV returned +16.61% while PSK returned -6.99%. Year to date, IVV is up 12.39% versus a loss of 4.69% for PSK.
Over three years, IVV compounded at +21.38% per year against +2.20% for PSK; over five years the annualized figures are +13.51% and -1.79% respectively. Across the full 17-year window we track, IVV has the edge at +12.76% annualized vs +0.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 8.9% for PSK. 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 -34.1% for PSK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PSK charges 0.45%. On a $10,000 position that is $3 vs $45 annually, a gap of $42 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.28% for PSK.
Holdings Overlap
At least 1.4% of IVV's money is in holdings PSK also owns.
Stated as a floor: for PSK, our book for it covers 90.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and PSK share little of their money.
12 positions in common, counted across the 490 positions we hold weights for in IVV and 148 in PSK, against full books of 508 and 165.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PSK | Difference |
|---|---|---|---|
| TBBAt&t Inc | 0.27% | 1.44% | 1.17% |
| ALLAllstate Corp. | 0.10% | 1.20% | 1.10% |
| MSMorgan Stanley | 0.39% | 0.56% | 0.17% |
| BKBank Of Ny Mellon Corp | 0.17% | 0.71% | 0.54% |
| USBUs Bancorp | 0.14% | 0.67% | 0.53% |
| CMSCms Energy Corp. | 0.03% | 0.75% | 0.72% |
| MTBM&T Bank Corporation 6.35 12/15/2173 6.35 2173-12-15 | 0.05% | 0.60% | 0.55% |
| FITBFifth Third Bancorp | 0.07% | 0.58% | 0.51% |
| ACGLArch Capital Group Ltd 5.450% | 0.05% | 0.44% | 0.39% |
| ETREntergy Louisiana Llc | 0.07% | 0.30% | 0.23% |
You are not choosing between two funds in isolation.
Whichever of IVV and PSK you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PSK?
IVV has an expense ratio of 0.03% while PSK charges 0.45%. IVV is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, IVV or PSK?
Over the past year IVV returned +16.61% vs -6.99% for PSK, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.76% vs +0.11% for PSK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PSK?
IVV has been the more volatile fund at 14.4% annualized versus 8.9% for PSK. Worst drawdown: IVV -33.9% vs PSK -34.1%.
Should I hold both IVV and PSK?
IVV and PSK have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PSK?
At least 1.4% of IVV's money is in holdings PSK also owns. Our book for PSK is partial, so the real figure is this or higher. They hold 12 positions in common, counted across the 490 positions we hold weights for in IVV and 148 in PSK.
Which pays a higher dividend, IVV or PSK?
IVV yields 1.06% while PSK yields 7.28%, so PSK currently pays the higher dividend yield.
Is PSK better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.