IVV vs PSK
iShares Core S&P 500 ETF vs State Street SPDR ICE Preferred Securities 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 | PSK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.45% | |
| AUM | $865.2B | $691M | |
| Dividend Yield | 1.09% | 7.06% | |
| Holdings | 508 | 161 | |
| YTD Return | +13.80% | -3.60% | |
| 1Y Return | +23.01% | -1.59% | |
| 3Y Return (annualized) | +21.77% | +2.75% | |
| 5Y Return (annualized) | +13.39% | -1.49% | |
| Volatility (annualized) | 15.1% | 8.9% | |
| Max Drawdown | -56.5% | -34.1% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Sep 16, 2009 |
IVV vs PSK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR ICE Preferred Securities ETF (PSK) is a ETF from State Street Investment Management. Over the past year IVV returned +23.01% while PSK returned -1.59%. Year to date, IVV is up 13.80% versus a loss of 3.60% for PSK.
Over three years, IVV compounded at +21.77% per year against +2.75% for PSK; over five years the annualized figures are +13.39% and -1.49% respectively. Across the full 17-year window we track, IVV has the edge at +7.04% annualized vs +0.18%. 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 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 -56.5% for IVV and -34.1% for PSK. 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 7.06% for PSK.
Holdings Overlap
IVV and PSK share 20 holdings out of 629 unique holdings combined, representing a 3.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $42 per year of difference.
Which performed better, IVV or PSK?
Over the past year IVV returned +23.01% vs -1.59% for PSK, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.04% vs +0.18% for PSK. Past performance does not guarantee future results.
Which is riskier, IVV or PSK?
IVV has been the more volatile fund at 15.1% annualized versus 8.9% for PSK. Worst drawdown: IVV -56.5% vs PSK -34.1%.
Should I hold both IVV and PSK?
IVV and PSK have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PSK?
IVV and PSK share 20 common holdings with a 3.2% weight overlap. Combined, they hold 629 unique securities.
Which pays a higher dividend, IVV or PSK?
IVV yields 1.09% while PSK yields 7.06%, so PSK currently pays the higher dividend yield.
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