IVV vs PY
iShares Core S&P 500 ETF vs Principal Value ETF
Which is better, IVV or PY?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. PY is less concentrated, with 25.8% 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 | PY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.15% |
| AUM | $876.4B | $245M |
| Dividend Yield | 1.06% | 1.85% |
| Holdings | 508 | 100 |
| YTD Return | +12.27%Best | +10.55% |
| 1Y Return | +17.04%Best | +12.75% |
| 3Y Return (annualized) | +21.24%Best | +14.84% |
| 5Y Return (annualized) | +13.08%Best | +9.08% |
| Volatility (annualized) | 15.1%Best | 19.2% |
| Max Drawdown | -33.9%Best | -45.5% |
| $10,000 over 5 years | $18,490Best | $15,443 |
| Top 10 Weight | 37.8% | 25.8%Best |
| Fund Family | iShares by BlackRock (US) | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Mar 21, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Mar 22, 2016 to Sep 17, 2026 (10.5 years).
IVV vs PY 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 10.5 years both funds cover.
IVV vs PY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Principal Value ETF (PY) is an ETF from Principal Funds. Over the past year IVV returned +17.04% while PY returned +12.75%. Year to date, IVV is up 12.27% versus a gain of 10.55% for PY.
Over three years, IVV compounded at +21.24% per year against +14.84% for PY; over five years the annualized figures are +13.08% and +9.08% respectively. Across the full 11-year window we track, IVV has the edge at +14.13% annualized vs +9.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PY has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -33.9% for IVV and -45.5% for PY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PY charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.85% for PY.
Holdings Overlap
34.8% of IVV's money is in holdings PY also owns. 96.2% of PY's money is in holdings IVV also owns.
Most of PY is already inside IVV. Owning both mostly buys the same companies twice.
95 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in PY, against full books of 508 and 100.
What only one of them owns
Our book lists 5 positions for PY that do not appear in our book for IVV (3.3% of the fund), and 387 for IVV that do not appear in PY (63.9%).
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 PY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 8.50% | 1.48% |
| AMZNAmazon.Com Inc | 3.84% | 3.39% | 0.45% |
| BACBank of America Corp.: Financials | 0.61% | 2.10% | 1.49% |
| VVisa Inc Class A | 0.95% | 1.72% | 0.77% |
| JNJJohnson & Johnson - Common | 0.97% | 1.62% | 0.65% |
| XOMExxon Mobil Corp. | 1.01% | 1.49% | 0.48% |
| UNHUnitedhealth Group Incorporated | 0.53% | 1.93% | 1.40% |
| PGProcter & Gamble Company | 0.51% | 1.88% | 1.37% |
| MRKMerck & Company Inc | 0.55% | 1.69% | 1.14% |
| TSLATesla Inc | 1.56% | 0.54% | 1.02% |
96.2% of PY 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 PY?
IVV has an expense ratio of 0.03% while PY charges 0.15%. IVV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, IVV or PY?
Over the past year IVV returned +17.04% vs +12.75% for PY, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.13% vs +9.74% for PY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PY?
PY has been the more volatile fund at 19.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs PY -45.5%.
Should I hold both IVV and PY?
IVV and PY have a monthly-return correlation of 0.84, 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 PY?
96.2% of PY's money is in holdings IVV also owns. 96.2% of PY's is in holdings IVV also owns. They hold 95 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in PY.
Which pays a higher dividend, IVV or PY?
IVV yields 1.06% while PY yields 1.85%, so PY currently pays the higher dividend yield.
Is PY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. PY is less concentrated, with 25.8% 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.