IVV vs PXI
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Energy Momentum ETF
Quick Verdict
IVV has a lower expense ratio. PXI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $55M | |
| Dividend Yield | 1.10% | 1.26% | |
| Holdings | 508 | 44 | |
| YTD Return | +12.28% | +37.23% | |
| 1Y Return | +20.94% | +54.72% | |
| 3Y Return (annualized) | +21.81% | +14.17% | |
| 5Y Return (annualized) | +13.05% | +25.84% | |
| Volatility (annualized) | 15.1% | 32.9% | |
| Max Drawdown | -56.5% | -86.2% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 12, 2006 |
IVV vs PXI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Energy Momentum ETF (PXI) is a ETF from Invesco (US). Over the past year IVV returned +20.94% while PXI returned +54.72%. Year to date, IVV is up 12.28% versus a gain of 37.23% for PXI.
Over three years, IVV compounded at +21.81% per year against +14.17% for PXI; over five years the annualized figures are +13.05% and +25.84% respectively. Across the full 20-year window we track, IVV has the edge at +6.98% annualized vs +5.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXI has been the more volatile fund, with annualized monthly volatility of 32.9% 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 -86.2% for PXI. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PXI 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 1.10% against 1.26% for PXI.
Holdings Overlap
IVV and PXI share 9 holdings out of 539 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PXI?
IVV has an expense ratio of 0.03% while PXI 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 PXI?
Over the past year IVV returned +20.94% vs +54.72% for PXI, so PXI leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +6.98% vs +5.14% for PXI. Past performance does not guarantee future results.
Which is riskier, IVV or PXI?
PXI has been the more volatile fund at 32.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PXI -86.2%.
Should I hold both IVV and PXI?
IVV and PXI have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PXI?
IVV and PXI share 9 common holdings with a 1.4% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, IVV or PXI?
IVV yields 1.10% while PXI yields 1.26%, so PXI currently pays the higher dividend yield.
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