IVV vs PYZ
iShares Core S&P 500 ETF vs Invesco Dorsey Wright Basic Materials Momentum ETF
Which is better, IVV or PYZ?
Large Cap Blend against Small Cap Blend.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, PYZ over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 40.0%.
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 | PYZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $886.7B | $75M |
| Dividend Yield | 1.10% | 0.50% |
| Holdings | 508 | 44 |
| YTD Return | +13.39%Best | +11.19% |
| 1Y Return | +20.08% | +22.57%Best |
| 3Y Return (annualized) | +21.29%Best | +15.57% |
| 5Y Return (annualized) | +12.88%Best | +7.94% |
| Volatility (annualized) | 15.4%Best | 24.0% |
| Max Drawdown | -56.5%Best | -65.7% |
| $10,000 over 5 years | $18,327Best | $14,653 |
| Top 10 Weight | 37.9%Best | 40.0% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Oct 12, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2006 to Sep 4, 2026 (19.9 years).
IVV vs PYZ 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 PYZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) is an ETF from Invesco (US). Over the past year IVV returned +20.08% while PYZ returned +22.57%. Year to date, IVV is up 13.39% versus a gain of 11.19% for PYZ.
Over three years, IVV compounded at +21.29% per year against +15.57% for PYZ; over five years the annualized figures are +12.88% and +7.94% respectively. Across the full 20-year window we track, IVV has the edge at +9.53% annualized vs +8.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PYZ has been the more volatile fund, with annualized monthly volatility of 24.0% 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 -65.7% for PYZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PYZ 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 0.50% for PYZ.
Holdings Overlap
1.2% of IVV's money is in holdings PYZ also owns. 35.2% of PYZ'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 43 in PYZ, against full books of 508 and 44.
What only one of them owns
Measured across the 505 and 43 positions we hold weights for.
IVV holds 484 positions PYZ does not, 98.1% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in IVV | Weight in PYZ | Difference |
|---|---|---|---|
| NUENucor Corp. | 0.09% | 3.80% | 3.71% |
| STLDSteel Dynamics, Inc. | 0.05% | 3.78% | 3.73% |
| CTVACorteva Inc Ctva | 0.08% | 3.27% | 3.19% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 0.15% | 3.17% | 3.02% |
| APDAir Products & Chemicals Inc. | 0.10% | 3.05% | 2.95% |
| DDDupont De Nemours Inc Npv | 0.03% | 2.99% | 2.96% |
| CFCf Industries Holdings Inc. | 0.03% | 2.91% | 2.88% |
| NEMNewmont Corp Common | 0.17% | 2.61% | 2.44% |
| LINLinde Plc Ordinary Shares | 0.34% | 2.28% | 1.94% |
| ECLEcolab, Inc. | 0.11% | 1.97% | 1.86% |
35.2% of PYZ 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 PYZ?
IVV has an expense ratio of 0.03% while PYZ charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or PYZ?
Over the past year IVV returned +20.08% vs +22.57% for PYZ, so PYZ leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.53% vs +8.60% for PYZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PYZ?
PYZ has been the more volatile fund at 24.0% annualized versus 15.4% for IVV. Worst drawdown: IVV -56.5% vs PYZ -65.7%.
Should I hold both IVV and PYZ?
IVV and PYZ have a monthly-return correlation of 0.86, 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 PYZ?
35.2% of PYZ's money is in holdings IVV also owns. 35.2% of PYZ'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 43 in PYZ.
Which pays a higher dividend, IVV or PYZ?
IVV yields 1.10% while PYZ yields 0.50%, so IVV currently pays the higher dividend yield.
Is PYZ better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, PYZ over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 40.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.