IVV vs POWA
iShares Core S&P 500 ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, IVV or POWA?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 38.9%.
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 | POWA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.40% |
| AUM | $896.5B | $162M |
| Dividend Yield | 1.10% | 0.98% |
| Holdings | 508 | 106 |
| YTD Return | +13.59%Best | -0.75% |
| 1Y Return | +17.54%Best | -0.04% |
| 3Y Return (annualized) | +22.46%Best | +10.97% |
| 5Y Return (annualized) | +13.28%Best | +6.65% |
| Volatility (annualized) | 15.4% | 13.3%Best |
| Max Drawdown | -56.5% | -47.9%Best |
| $10,000 over 5 years | $18,654Best | $13,798 |
| Top 10 Weight | 38.9% | 22.9%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Dec 15, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Dec 15, 2006 to Oct 14, 2026 (19.8 years).
IVV vs POWA 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 19.8 years both funds cover.
IVV vs POWA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year IVV returned +17.54% while POWA returned -0.04%. Year to date, IVV is up 13.59% versus a loss of 0.75% for POWA.
Over three years, IVV compounded at +22.46% per year against +10.97% for POWA; over five years the annualized figures are +13.28% and +6.65% respectively. Across the full 20-year window we track, IVV has the edge at +9.31% annualized vs +8.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.3% for POWA. 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 -47.9% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while POWA charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.98% for POWA.
Holdings Overlap
11.1% of IVV's money is in holdings POWA also owns. 88.2% of POWA's money is in holdings IVV also owns.
Most of POWA is already inside IVV. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 506 positions we hold weights for in IVV and 51 in POWA, against full books of 508 and 106.
What only one of them owns
Our book lists 7 positions for POWA that do not appear in our book for IVV (11.8% of the fund), and 456 for IVV that do not appear in POWA (88.3%).
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 POWA | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.76% | 2.26% | 3.50% |
| KLACKla-tencor | 0.40% | 2.34% | 1.94% |
| COSTCostco Wholesale Corp. | 0.61% | 2.04% | 1.43% |
| KEYSKeysight Technologies Inc. | 0.10% | 2.55% | 2.45% |
| WMTWalmart, Inc. | 0.70% | 1.93% | 1.23% |
| ACNAccenture Plc | 0.20% | 2.30% | 2.10% |
| MCKMckesson Corp. | 0.16% | 2.24% | 2.08% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.09% | 2.29% | 2.20% |
| ISRGIntuitive Surgical Inc. | 0.21% | 2.09% | 1.88% |
| AMEAmetek Inc | 0.09% | 2.19% | 2.10% |
88.2% of POWA 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 POWA?
IVV has an expense ratio of 0.03% while POWA charges 0.40%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, IVV or POWA?
Over the past year IVV returned +17.54% vs -0.04% for POWA, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.31% vs +8.41% for POWA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or POWA?
IVV has been the more volatile fund at 15.4% annualized versus 13.3% for POWA. Worst drawdown: IVV -56.5% vs POWA -47.9%.
Should I hold both IVV and POWA?
IVV and POWA have a monthly-return correlation of 0.89, 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 POWA?
88.2% of POWA's money is in holdings IVV also owns. 88.2% of POWA's is in holdings IVV also owns. They hold 44 positions in common, counted across the 506 positions we hold weights for in IVV and 51 in POWA.
Which pays a higher dividend, IVV or POWA?
IVV yields 1.10% while POWA yields 0.98%, so IVV currently pays the higher dividend yield.
Is POWA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.