Quick Verdict

IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.

Lower Fees: IVVHigher Returns: IVVMore Diversified: IVV

Side-by-Side Comparison

MetricIVVPSMOWinner
Expense Ratio0.03%0.49%
AUM$865.2B$99M
Dividend Yield1.09%0.00%
Holdings5086
YTD Return+13.80%+7.61%
1Y Return+23.70%+12.82%
3Y Return (annualized)+21.49%+12.17%
5Y Return (annualized)+13.43%-
Volatility (annualized)15.1%6.8%
Max Drawdown-56.5%-9.8%
Fund FamilyiShares by BlackRock (US)Pacer ETFs
CategoryEquityAllocation/Balanced
InceptionMay 15, 2000Sep 30, 2021

IVV vs PSMO Performance

iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Pacer Swan SOS Moderate October ETF (PSMO) is a ETF from Pacer ETFs. Over the past year IVV returned +23.70% while PSMO returned +12.82%. Year to date, IVV is up 13.80% versus a gain of 7.61% for PSMO.

Over three years, IVV compounded at +21.49% per year against +12.17% for PSMO. Across the full 5-year window we track, PSMO has the edge at +10.27% annualized vs +7.05%. 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 6.8% for PSMO. 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 -9.8% for PSMO. 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 0.94. 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 PSMO 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 PSMO.

Holdings Overlap

0.0%overlap

IVV and PSMO 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 PSMO?

IVV has an expense ratio of 0.03% while PSMO 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 PSMO?

Over the past year IVV returned +23.70% vs +12.82% for PSMO, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.05% vs +10.27% for PSMO. Past performance does not guarantee future results.

Which is riskier, IVV or PSMO?

IVV has been the more volatile fund at 15.1% annualized versus 6.8% for PSMO. Worst drawdown: IVV -56.5% vs PSMO -9.8%.

Should I hold both IVV and PSMO?

IVV and PSMO have a monthly-return correlation of 0.94, 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 PSMO?

IVV and PSMO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.

Which pays a higher dividend, IVV or PSMO?

IVV yields 1.09% while PSMO yields 0.00%, so IVV currently pays the higher dividend yield.

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