IVV vs PSMD
iShares Core S&P 500 ETF vs Pacer Swan SOS Moderate (January) 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 | PSMD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $865.2B | $93M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 6 | |
| YTD Return | +13.80% | +7.58% | |
| 1Y Return | +23.01% | +12.85% | |
| 3Y Return (annualized) | +21.77% | +12.43% | |
| 5Y Return (annualized) | +13.39% | +9.36% | |
| Volatility (annualized) | 15.1% | 7.5% | |
| Max Drawdown | -56.5% | -12.0% | |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Dec 22, 2020 |
IVV vs PSMD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Pacer Swan SOS Moderate (January) ETF (PSMD) is a ETF from Pacer ETFs. Over the past year IVV returned +23.01% while PSMD returned +12.85%. Year to date, IVV is up 13.80% versus a gain of 7.58% for PSMD.
Over three years, IVV compounded at +21.77% per year against +12.43% for PSMD; over five years the annualized figures are +13.39% and +9.36% respectively. Across the full 6-year window we track, PSMD has the edge at +9.93% annualized vs +7.04%. 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 7.5% for PSMD. 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 -12.0% for PSMD. 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 0.95. 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 PSMD charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for PSMD.
Holdings Overlap
IVV and PSMD share 0 holdings out of 506 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 PSMD?
IVV has an expense ratio of 0.03% while PSMD charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or PSMD?
Over the past year IVV returned +23.01% vs +12.85% for PSMD, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.04% vs +9.93% for PSMD. Past performance does not guarantee future results.
Which is riskier, IVV or PSMD?
IVV has been the more volatile fund at 15.1% annualized versus 7.5% for PSMD. Worst drawdown: IVV -56.5% vs PSMD -12.0%.
Should I hold both IVV and PSMD?
IVV and PSMD have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and PSMD?
IVV and PSMD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or PSMD?
IVV yields 1.09% while PSMD yields 0.00%, so IVV currently pays the higher dividend yield.
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