IVV vs PZLV
iShares Core S&P 500 ETF vs Pzena US Large Cap Value ETF
Which is better, IVV or PZLV?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. PZLV is less concentrated, with 37.7% 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 | PZLV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $896.5B | $70M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 80 |
| YTD Return | +13.59% | +21.97%Best |
| 1Y Return | +17.54% | - |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Top 10 Weight | 38.9% | 37.7%Best |
| Fund Family | iShares by BlackRock (US) | Pzena Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Apr 1, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs PZLV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs PZLV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Pzena US Large Cap Value ETF (PZLV) is an ETF from Pzena Funds. Year to date, IVV is up 13.59% versus a gain of 21.97% for PZLV.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while PZLV 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 0.00% for PZLV.
Holdings Overlap
2.6% of IVV's money is in holdings PZLV also owns. 61.1% of PZLV's money is in holdings IVV also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 506 positions we hold weights for in IVV and 39 in PZLV, against full books of 508 and 80.
What only one of them owns
Our book lists 15 positions for PZLV that do not appear in our book for IVV (33.8% of the fund), and 477 for IVV that do not appear in PZLV (96.8%).
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 PZLV | Difference |
|---|---|---|---|
| HUMHumana Inc. | 0.07% | 5.12% | 5.05% |
| BAXBaxter International Inc. | 0.02% | 4.95% | 4.93% |
| DGDollar General Corp. | 0.04% | 3.61% | 3.57% |
| CVSCvs Health Corp | 0.16% | 3.27% | 3.11% |
| WFCWells Fargo & Co. | 0.37% | 2.95% | 2.58% |
| COFCapital One Financial Corp. | 0.18% | 3.03% | 2.85% |
| UHSUniversal Health Services Inc. | 0.01% | 3.20% | 3.19% |
| CTSHCognizant Technology Solutions Corp. Class A | 0.04% | 3.13% | 3.09% |
| SWKSSkyworks Solutions Inc. | 0.02% | 3.11% | 3.09% |
| METMetlife Inc. | 0.08% | 2.97% | 2.89% |
61.1% of PZLV 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 PZLV?
IVV has an expense ratio of 0.03% while PZLV charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
What is the holdings overlap between IVV and PZLV?
61.1% of PZLV's money is in holdings IVV also owns. 61.1% of PZLV's is in holdings IVV also owns. They hold 23 positions in common, counted across the 506 positions we hold weights for in IVV and 39 in PZLV.
Which pays a higher dividend, IVV or PZLV?
IVV yields 1.10% while PZLV yields 0.00%, so IVV currently pays the higher dividend yield.
Is PZLV better than IVV?
IVV has a lower expense ratio. PZLV is less concentrated, with 37.7% 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.