IVV vs PSP
iShares Core S&P 500 ETF vs Invesco Global Listed Private Equity ETF
Which is better, IVV or PSP?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 48.8%.
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 | PSP |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.80% |
| AUM | $876.4B | $242M |
| Dividend Yield | 1.06% | 5.98% |
| Holdings | 508 | 75 |
| YTD Return | +11.57%Best | -9.55% |
| 1Y Return | +17.57%Best | -10.84% |
| 3Y Return (annualized) | +20.71%Best | +9.96% |
| 5Y Return (annualized) | +12.80%Best | -0.32% |
| Volatility (annualized) | 15.4%Best | 25.3% |
| Max Drawdown | -56.5%Best | -87.1% |
| $10,000 over 5 years | $18,262Best | $9,841 |
| Top 10 Weight | 37.9%Best | 48.8% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Oct 24, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2006 to Sep 10, 2026 (19.9 years).
IVV vs PSP 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 covers the 19.9 years both funds cover.
IVV vs PSP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Global Listed Private Equity ETF (PSP) is an ETF from Invesco (US). Over the past year IVV returned +17.57% while PSP returned -10.84%. Year to date, IVV is up 11.57% versus a loss of 9.55% for PSP.
Over three years, IVV compounded at +20.71% per year against +9.96% for PSP; over five years the annualized figures are +12.80% and -0.32% respectively. Across the full 20-year window we track, IVV has the edge at +9.39% annualized vs -2.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSP has been the more volatile fund, with annualized monthly volatility of 25.3% compared with 15.4% 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 -87.1% for PSP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PSP charges 1.80%. On a $10,000 position that is $3 vs $180 annually, a gap of $177 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.98% for PSP.
Holdings Overlap
0.3% of IVV's money is in holdings PSP also owns. 12.3% of PSP's money is in holdings IVV also owns.
PSP and IVV share little of their money.
3 positions in common, counted across the 505 positions we hold weights for in IVV and 66 in PSP, against full books of 508 and 75.
What only one of them owns
Our book lists 30 positions for PSP that do not appear in our book for IVV (33.8% of the fund), and 492 for IVV that do not appear in PSP (99.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and PSP 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 PSP?
IVV has an expense ratio of 0.03% while PSP charges 1.80%. IVV is the cheaper option, by $177 a year on a $10,000 investment.
Which performed better, IVV or PSP?
Over the past year IVV returned +17.57% vs -10.84% for PSP, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.39% vs -2.06% for PSP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PSP?
PSP has been the more volatile fund at 25.3% annualized versus 15.4% for IVV. Worst drawdown: IVV -56.5% vs PSP -87.1%.
Should I hold both IVV and PSP?
IVV and PSP have a monthly-return correlation of 0.88, 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 PSP?
12.3% of PSP's money is in holdings IVV also owns. 12.3% of PSP's is in holdings IVV also owns. They hold 3 positions in common, counted across the 505 positions we hold weights for in IVV and 66 in PSP.
Which pays a higher dividend, IVV or PSP?
IVV yields 1.06% while PSP yields 5.98%, so PSP currently pays the higher dividend yield.
Is PSP better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.