IVV vs PXF
iShares Core S&P 500 ETF vs Invesco RAFI Developed Markets ex-US ETF
Quick Verdict
IVV has a lower expense ratio. PXF delivered stronger 1-year returns. PXF offers more diversification with 1006 holdings.
Side-by-Side Comparison
| Metric | IVV | PXF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.43% | |
| AUM | $865.2B | $2.8B | |
| Dividend Yield | 1.09% | 3.13% | |
| Holdings | 508 | 1,040 | |
| YTD Return | +13.80% | +20.16% | |
| 1Y Return | +23.01% | +37.42% | |
| 3Y Return (annualized) | +21.77% | +24.21% | |
| 5Y Return (annualized) | +13.39% | +14.24% | |
| Volatility (annualized) | 15.1% | 19.4% | |
| Max Drawdown | -56.5% | -65.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 25, 2007 |
IVV vs PXF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco RAFI Developed Markets ex-US ETF (PXF) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while PXF returned +37.42%. Year to date, IVV is up 13.80% versus a gain of 20.16% for PXF.
Over three years, IVV compounded at +21.77% per year against +24.21% for PXF; over five years the annualized figures are +13.39% and +14.24% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs +3.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXF has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -65.7% for PXF. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PXF charges 0.43%. On a $10,000 position that is $3 vs $43 annually, a gap of $40 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.13% for PXF.
Holdings Overlap
IVV and PXF share 8 holdings out of 1503 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 PXF?
IVV has an expense ratio of 0.03% while PXF charges 0.43%. IVV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, IVV or PXF?
Over the past year IVV returned +23.01% vs +37.42% for PXF, so PXF leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.04% vs +3.50% for PXF. Past performance does not guarantee future results.
Which is riskier, IVV or PXF?
PXF has been the more volatile fund at 19.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PXF -65.7%.
Should I hold both IVV and PXF?
IVV and PXF have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PXF?
IVV and PXF share 8 common holdings with a 0.5% weight overlap. Combined, they hold 1503 unique securities.
Which pays a higher dividend, IVV or PXF?
IVV yields 1.09% while PXF yields 3.13%, so PXF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.