IVV vs PEXL
iShares Core S&P 500 ETF vs Pacer US Export Leaders ETF
Which is better, IVV or PEXL?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 3Y and 5Y, PEXL over 1Y. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 38.9% 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 | PEXL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $896.5B | $56M |
| Dividend Yield | 1.10% | 0.35% |
| Holdings | 508 | 202 |
| YTD Return | +13.59% | +18.49%Best |
| 1Y Return | +17.54% | +27.42%Best |
| 3Y Return (annualized) | +22.46%Best | +20.91% |
| 5Y Return (annualized) | +13.28%Best | +11.72% |
| Volatility (annualized) | 16.6%Best | 21.8% |
| Max Drawdown | -33.9%Best | -36.9% |
| $10,000 over 5 years | $18,654Best | $17,404 |
| Top 10 Weight | 38.9%Best | 40.0% |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Jul 23, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Jul 24, 2018 to Oct 14, 2026 (8.2 years).
IVV vs PEXL 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 8.2 years both funds cover.
IVV vs PEXL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Pacer US Export Leaders ETF (PEXL) is an ETF from Pacer ETFs. Over the past year IVV returned +17.54% while PEXL returned +27.42%. Year to date, IVV is up 13.59% versus a gain of 18.49% for PEXL.
Over three years, IVV compounded at +22.46% per year against +20.91% for PEXL; over five years the annualized figures are +13.28% and +11.72% respectively. Across the full 8-year window we track, IVV has the edge at +14.07% annualized vs +14.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEXL has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 16.6% 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 -36.9% for PEXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 PEXL charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.35% for PEXL.
Holdings Overlap
29.1% of IVV's money is in holdings PEXL also owns. 94.0% of PEXL's money is in holdings IVV also owns.
Most of PEXL is already inside IVV. Owning both mostly buys the same companies twice.
71 positions in common, counted across the 506 positions we hold weights for in IVV and 100 in PEXL, against full books of 508 and 202.
What only one of them owns
Our book lists 27 positions for PEXL that do not appear in our book for IVV (5.1% of the fund), and 429 for IVV that do not appear in PEXL (70.4%).
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 PEXL | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.29% | 4.83% | 2.46% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 5.03% | 0.73% |
| AMDAdvanced Micro Devices Inc. | 1.52% | 5.79% | 4.27% |
| AVGOBroadcom Inc | 2.47% | 4.61% | 2.14% |
| LRCXLam Research Corp | 0.64% | 3.88% | 3.24% |
| AMATApplied Materials, Inc. | 0.64% | 3.83% | 3.19% |
| KOCoca-Cola Co/The | 0.50% | 3.38% | 2.88% |
| PGProcter & Gamble Company | 0.51% | 3.05% | 2.54% |
| GEGeneral Electric Co. | 0.49% | 2.96% | 2.47% |
| PMPhilip Morris International Inc. | 0.44% | 2.68% | 2.24% |
94.0% of PEXL 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 PEXL?
IVV has an expense ratio of 0.03% while PEXL charges 0.49%. IVV is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, IVV or PEXL?
Over the past year IVV returned +17.54% vs +27.42% for PEXL, so PEXL leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +14.07% vs +14.07% for PEXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PEXL?
PEXL has been the more volatile fund at 21.8% annualized versus 16.6% for IVV. Worst drawdown: IVV -33.9% vs PEXL -36.9%.
Should I hold both IVV and PEXL?
IVV and PEXL have a monthly-return correlation of 0.94, 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 PEXL?
94.0% of PEXL's money is in holdings IVV also owns. 94.0% of PEXL's is in holdings IVV also owns. They hold 71 positions in common, counted across the 506 positions we hold weights for in IVV and 100 in PEXL.
Which pays a higher dividend, IVV or PEXL?
IVV yields 1.10% while PEXL yields 0.35%, so IVV currently pays the higher dividend yield.
Is PEXL better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and 5Y, PEXL over 1Y. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 38.9% 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.