IVV vs PUI
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Utilities Momentum 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 | PUI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $56M | |
| Dividend Yield | 1.09% | 1.97% | |
| Holdings | 508 | 39 | |
| YTD Return | +13.80% | +3.66% | |
| 1Y Return | +23.70% | +4.06% | |
| 3Y Return (annualized) | +21.49% | +14.67% | |
| 5Y Return (annualized) | +13.43% | +7.99% | |
| Volatility (annualized) | 15.1% | 14.0% | |
| Max Drawdown | -56.5% | -45.8% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 26, 2005 |
IVV vs PUI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Utilities Momentum ETF (PUI) is a ETF from Invesco (US). Over the past year IVV returned +23.70% while PUI returned +4.06%. Year to date, IVV is up 13.80% versus a gain of 3.66% for PUI.
Over three years, IVV compounded at +21.49% per year against +14.67% for PUI; over five years the annualized figures are +13.43% and +7.99% respectively. Across the full 21-year window we track, IVV has the edge at +7.05% annualized vs +5.96%. 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 14.0% for PUI. 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 -45.8% for PUI. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PUI 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 1.97% for PUI.
Holdings Overlap
IVV and PUI share 27 holdings out of 515 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PUI?
IVV has an expense ratio of 0.03% while PUI 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 PUI?
Over the past year IVV returned +23.70% vs +4.06% for PUI, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.05% vs +5.96% for PUI. Past performance does not guarantee future results.
Which is riskier, IVV or PUI?
IVV has been the more volatile fund at 15.1% annualized versus 14.0% for PUI. Worst drawdown: IVV -56.5% vs PUI -45.8%.
Should I hold both IVV and PUI?
IVV and PUI have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PUI?
IVV and PUI share 27 common holdings with a 2.9% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or PUI?
IVV yields 1.09% while PUI yields 1.97%, so PUI currently pays the higher dividend yield.
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