IVV vs PXH
iShares Core S&P 500 ETF vs Invesco RAFI Emerging Markets ETF
Quick Verdict
IVV has a lower expense ratio. PXH delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PXH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.47% | |
| AUM | $865.2B | $1.9B | |
| Dividend Yield | 1.09% | 4.37% | |
| Holdings | 508 | 401 | |
| YTD Return | +13.72% | +12.43% | |
| 1Y Return | +21.64% | +25.07% | |
| 3Y Return (annualized) | +21.55% | +21.26% | |
| 5Y Return (annualized) | +13.27% | +10.04% | |
| Volatility (annualized) | 15.1% | 21.8% | |
| Max Drawdown | -56.5% | -64.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 27, 2007 |
IVV vs PXH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco RAFI Emerging Markets ETF (PXH) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while PXH returned +25.07%. Year to date, IVV is up 13.72% versus a gain of 12.43% for PXH.
Over three years, IVV compounded at +21.55% per year against +21.26% for PXH; over five years the annualized figures are +13.27% and +10.04% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs +1.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXH 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 -64.0% for PXH. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PXH charges 0.47%. On a $10,000 position that is $3 vs $47 annually, a gap of $44 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.37% for PXH.
Holdings Overlap
IVV and PXH share 0 holdings out of 873 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PXH?
IVV has an expense ratio of 0.03% while PXH charges 0.47%. IVV is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, IVV or PXH?
Over the past year IVV returned +21.64% vs +25.07% for PXH, so PXH leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.04% vs +1.88% for PXH. Past performance does not guarantee future results.
Which is riskier, IVV or PXH?
PXH has been the more volatile fund at 21.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PXH -64.0%.
Should I hold both IVV and PXH?
IVV and PXH have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PXH?
IVV and PXH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 873 unique securities.
Which pays a higher dividend, IVV or PXH?
IVV yields 1.09% while PXH yields 4.37%, so PXH 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.