IVV vs PTY
iShares Core S&P 500 ETF vs PIMCO Corporate & Income Opportunity Fund
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 | PTY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 3.70% | |
| AUM | $865.2B | $2.5B | |
| Dividend Yield | 1.09% | 12.40% | |
| Holdings | 508 | 809 | |
| YTD Return | +13.80% | -1.51% | |
| 1Y Return | +23.01% | -5.53% | |
| 3Y Return (annualized) | +21.77% | +4.13% | |
| 5Y Return (annualized) | +13.39% | -1.53% | |
| Volatility (annualized) | 15.1% | 21.1% | |
| Max Drawdown | -56.5% | -69.7% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Dec 27, 2002 |
IVV vs PTY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO Corporate & Income Opportunity Fund (PTY) is a ETF from PIMCO (US). Over the past year IVV returned +23.01% while PTY returned -5.53%. Year to date, IVV is up 13.80% versus a loss of 1.51% for PTY.
Over three years, IVV compounded at +21.77% per year against +4.13% for PTY; over five years the annualized figures are +13.39% and -1.53% respectively. Across the full 24-year window we track, IVV has the edge at +7.04% annualized vs +1.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTY has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -69.7% for PTY. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PTY charges 3.70%. On a $10,000 position that is $3 vs $370 annually, a gap of $367 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 12.40% for PTY.
Holdings Overlap
IVV and PTY share 1 holdings out of 527 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PTY | Difference |
|---|---|---|---|
| VICI | 0.04% | 0.29% | 0.25% |
Frequently Asked Questions
Which is cheaper, IVV or PTY?
IVV has an expense ratio of 0.03% while PTY charges 3.70%. IVV is the cheaper option. On a $10,000 investment, that is $367 per year of difference.
Which performed better, IVV or PTY?
Over the past year IVV returned +23.01% vs -5.53% for PTY, so IVV leads on 1-year performance. Over the longest common window we track (24 years), IVV annualized +7.04% vs +1.39% for PTY. Past performance does not guarantee future results.
Which is riskier, IVV or PTY?
PTY has been the more volatile fund at 21.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PTY -69.7%.
Should I hold both IVV and PTY?
IVV and PTY have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PTY?
IVV and PTY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, IVV or PTY?
IVV yields 1.09% while PTY yields 12.40%, so PTY currently pays the higher dividend yield.
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