IVV vs PABU
iShares Core S&P 500 ETF vs iShares Paris-Aligned Climate Optimized MSCI USA ETF
Which is better, IVV or PABU?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 49.7%.
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 | PABU |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.10% |
| AUM | $896.5B | $2.5B |
| Dividend Yield | 1.10% | 0.95% |
| Holdings | 508 | 91 |
| YTD Return | +13.59%Best | +9.60% |
| 1Y Return | +17.54%Best | +11.59% |
| 3Y Return (annualized) | +22.46%Best | +19.34% |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 15.0%Best | 16.3% |
| Max Drawdown | -19.2%Best | -20.8% |
| $10,000 over 4.5 years | $18,479Best | $16,963 |
| Top 10 Weight | 38.9%Best | 49.7% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Feb 8, 2022 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 20, 2022 to Oct 14, 2026 (4.5 years).
IVV vs PABU 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 4.5 years both funds cover.
IVV vs PABU Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.54% while PABU returned +11.59%. Year to date, IVV is up 13.59% versus a gain of 9.60% for PABU.
Over three years, IVV compounded at +22.46% per year against +19.34% for PABU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PABU has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.0% 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 -19.2% for IVV and -20.8% for PABU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PABU charges 0.10%. On a $10,000 position that is $3 vs $10 annually, a gap of $7 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.95% for PABU.
Holdings Overlap
51.0% of IVV's money is in holdings PABU also owns. 93.6% of PABU's money is in holdings IVV also owns.
Most of PABU is already inside IVV. Owning both mostly buys the same companies twice.
77 positions in common, counted across the 506 positions we hold weights for in IVV and 87 in PABU, against full books of 508 and 91.
What only one of them owns
Measured across the 506 and 87 positions we hold weights for.
IVV holds 423 positions PABU does not, 48.5% of the fund.
Largest: MU 1.87%, BRK.B 1.41%, JPM 1.34%, XOM 1.02%, JNJ 0.94%
Top Shared Holdings
| Stock | Weight in IVV | Weight in PABU | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 10.02% | 1.58% |
| AAPLApple, Inc | 7.29% | 7.41% | 0.12% |
| MSFTMicrosoft Corp | 5.76% | 7.78% | 2.02% |
| GOOGAlphabet Inc. C | 2.41% | 3.80% | 1.39% |
| AMDAdvanced Micro Devices Inc | 1.52% | 4.34% | 2.82% |
| AVGOBroadcom Inc | 2.47% | 3.38% | 0.91% |
| AMZNAmazon.Com Inc | 3.68% | 1.80% | 1.88% |
| METAMeta Platforms Inc | 2.42% | 2.61% | 0.19% |
| GOOGLAlphabet Inc | 3.00% | 1.72% | 1.28% |
| TSLATesla Inc | 1.51% | 3.17% | 1.66% |
93.6% of PABU 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.
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Frequently Asked Questions
Which is cheaper, IVV or PABU?
IVV has an expense ratio of 0.03% while PABU charges 0.10%. IVV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, IVV or PABU?
Over the past year IVV returned +17.54% vs +11.59% for PABU, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PABU?
PABU has been the more volatile fund at 16.3% annualized versus 15.0% for IVV. Worst drawdown: IVV -19.2% vs PABU -20.8%.
Should I hold both IVV and PABU?
IVV and PABU have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and PABU?
93.6% of PABU's money is in holdings IVV also owns. 93.6% of PABU's is in holdings IVV also owns. They hold 77 positions in common, counted across the 506 positions we hold weights for in IVV and 87 in PABU.
Which pays a higher dividend, IVV or PABU?
IVV yields 1.10% while PABU yields 0.95%, so IVV currently pays the higher dividend yield.
Is PABU better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 49.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.