IVV vs PXI
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Energy Momentum ETF
Which is better, IVV or PXI?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 3Y and the full window, PXI over 1Y and 5Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 41.4%.
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 | PXI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $876.4B | $56M |
| Dividend Yield | 1.06% | 1.15% |
| Holdings | 508 | 44 |
| YTD Return | +11.57% | +41.86%Best |
| 1Y Return | +17.57% | +49.69%Best |
| 3Y Return (annualized) | +20.71%Best | +14.13% |
| 5Y Return (annualized) | +12.80% | +22.52%Best |
| Volatility (annualized) | 15.4%Best | 32.9% |
| Max Drawdown | -56.5%Best | -86.2% |
| $10,000 over 5 years | $18,262 | $27,608Best |
| Top 10 Weight | 37.9%Best | 41.4% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Oct 12, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2006 to Sep 10, 2026 (19.9 years).
IVV vs PXI 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 19.9 years both funds cover.
IVV vs PXI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Energy Momentum ETF (PXI) is an ETF from Invesco (US). Over the past year IVV returned +17.57% while PXI returned +49.69%. Year to date, IVV is up 11.57% versus a gain of 41.86% for PXI.
Over three years, IVV compounded at +20.71% per year against +14.13% for PXI; over five years the annualized figures are +12.80% and +22.52% respectively. Across the full 20-year window we track, IVV has the edge at +9.44% annualized vs +5.30%.
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 15.4% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
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 1.06% against 1.15% for PXI.
Holdings Overlap
2.6% of IVV's money is in holdings PXI also owns. 37.3% of PXI's money is in holdings IVV also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 505 positions we hold weights for in IVV and 48 in PXI, against full books of 508 and 44.
What only one of them owns
Our book lists 32 positions for PXI that do not appear in our book for IVV (57.5% of the fund), and 482 for IVV that do not appear in PXI (96.8%).
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 PXI | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp. | 0.13% | 6.41% | 6.28% |
| TRGPTarga Resources Corp. | 0.08% | 5.57% | 5.49% |
| VLOValero Energy Corp. | 0.13% | 3.97% | 3.84% |
| XOMExxon Mobil Corp. | 0.94% | 2.69% | 1.75% |
| BKRBaker Hughes A Ge Co. Class A | 0.09% | 3.15% | 3.06% |
| CVXChevron Corp. | 0.52% | 1.98% | 1.46% |
| FANGDiamondback Energy Inc. | 0.05% | 2.35% | 2.30% |
| COPConocophillips Co | 0.21% | 2.09% | 1.88% |
| PSXPhillips 66 | 0.12% | 1.94% | 1.82% |
| WMBWilliams Cos. Inc. | 0.13% | 1.89% | 1.76% |
37.3% of PXI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $57 a year on a $10,000 investment.
Which performed better, IVV or PXI?
Over the past year IVV returned +17.57% vs +49.69% for PXI, so PXI leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.44% vs +5.30% for PXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PXI?
PXI has been the more volatile fund at 32.9% annualized versus 15.4% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PXI?
37.3% of PXI's money is in holdings IVV also owns. 37.3% of PXI's is in holdings IVV also owns. They hold 13 positions in common, counted across the 505 positions we hold weights for in IVV and 48 in PXI.
Which pays a higher dividend, IVV or PXI?
IVV yields 1.06% while PXI yields 1.15%, so PXI currently pays the higher dividend yield.
Is PXI better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, PXI over 1Y and 5Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 41.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.