IVV vs PTH
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Healthcare Momentum ETF
Quick Verdict
IVV has a lower expense ratio. PTH delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PTH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $231M | |
| Dividend Yield | 1.09% | 2.56% | |
| Holdings | 508 | 59 | |
| YTD Return | +13.80% | +23.87% | |
| 1Y Return | +23.01% | +64.85% | |
| 3Y Return (annualized) | +21.77% | +20.13% | |
| 5Y Return (annualized) | +13.39% | +2.30% | |
| Volatility (annualized) | 15.1% | 21.8% | |
| Max Drawdown | -56.5% | -53.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 12, 2006 |
IVV vs PTH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Healthcare Momentum ETF (PTH) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while PTH returned +64.85%. Year to date, IVV is up 13.80% versus a gain of 23.87% for PTH.
Over three years, IVV compounded at +21.77% per year against +20.13% for PTH; over five years the annualized figures are +13.39% and +2.30% respectively. Across the full 20-year window we track, PTH has the edge at +10.86% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTH has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 15.1% 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 -53.5% for PTH. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PTH charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.56% for PTH.
Holdings Overlap
IVV and PTH share 6 holdings out of 557 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PTH?
IVV has an expense ratio of 0.03% while PTH charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or PTH?
Over the past year IVV returned +23.01% vs +64.85% for PTH, so PTH leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs +10.86% for PTH. Past performance does not guarantee future results.
Which is riskier, IVV or PTH?
PTH has been the more volatile fund at 21.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PTH -53.5%.
Should I hold both IVV and PTH?
IVV and PTH have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PTH?
IVV and PTH share 6 common holdings with a 0.5% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, IVV or PTH?
IVV yields 1.09% while PTH yields 2.56%, so PTH currently pays the higher dividend yield.
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