IVV vs PXF
iShares Core S&P 500 ETF vs Invesco RAFI Developed Markets ex-US ETF
Which is better, IVV or PXF?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over the full window, PXF over 1Y, 3Y and 5Y. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 37.8%.
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 | PXF |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.43% |
| AUM | $876.4B | $3.0B |
| Dividend Yield | 1.06% | 2.99% |
| Holdings | 508 | 1,040 |
| YTD Return | +12.39% | +19.60%Best |
| 1Y Return | +16.61% | +31.66%Best |
| 3Y Return (annualized) | +21.38% | +23.77%Best |
| 5Y Return (annualized) | +13.51% | +14.96%Best |
| Volatility (annualized) | 15.6%Best | 19.4% |
| Max Drawdown | -56.5%Best | -65.7% |
| $10,000 over 5 years | $18,844 | $20,079Best |
| Top 10 Weight | 37.8% | 14.8%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jun 25, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Jun 25, 2007 to Sep 18, 2026 (19.2 years).
IVV vs PXF 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 19.2 years both funds cover.
IVV vs PXF Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco RAFI Developed Markets ex-US ETF (PXF) is an ETF from Invesco (US). Over the past year IVV returned +16.61% while PXF returned +31.66%. Year to date, IVV is up 12.39% versus a gain of 19.60% for PXF.
Over three years, IVV compounded at +21.38% per year against +23.77% for PXF; over five years the annualized figures are +13.51% and +14.96% respectively. Across the full 19-year window we track, IVV has the edge at +9.26% annualized vs +3.46%.
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 15.6% 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 what each fund did in the worst stretch of the window measured above.
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 1.06% against 2.99% for PXF.
Holdings Overlap
0.6% of IVV's money is in holdings PXF also owns. 0.5% of PXF's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
8 positions in common, counted across the 490 positions we hold weights for in IVV and 962 in PXF, against full books of 508 and 1,040.
What only one of them owns
Our book lists 26 positions for PXF that do not appear in our book for IVV (10.4% of the fund), and 474 for IVV that do not appear in PXF (98.0%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PXF | Difference |
|---|---|---|---|
| MDTMedtronic Plc Ordinary Shares | 0.18% | 0.19% | 0.01% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.09% | 0.12% | 0.03% |
| TTTt Trane Technologies Plc | 0.15% | 0.04% | 0.11% |
| GRMNGarminltd. | 0.07% | 0.08% | 0.01% |
| HBANHuntington Bancshares Inc./Oh | 0.05% | 0.03% | 0.02% |
| EQTEQT Corp. | 0.05% | 0.02% | 0.03% |
| LULULululemon Athletica, Inc | 0.02% | 0.04% | 0.02% |
| ALLEAllegion Plc | 0.02% | 0.01% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of IVV and PXF 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 PXF?
IVV has an expense ratio of 0.03% while PXF charges 0.43%. IVV is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, IVV or PXF?
Over the past year IVV returned +16.61% vs +31.66% for PXF, so PXF leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +9.26% vs +3.46% for PXF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PXF?
PXF has been the more volatile fund at 19.4% annualized versus 15.6% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or PXF?
IVV yields 1.06% while PXF yields 2.99%, so PXF currently pays the higher dividend yield.
Is PXF better than IVV?
IVV has a lower expense ratio. IVV led over the full window, PXF over 1Y, 3Y and 5Y. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.