Which returned more over the last year, IVV or PFF?

In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and PFF −4.2%.

Which is cheaper, IVV or PFF?

IVV is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IVV and PFF overlap with the S&P 500?

By their latest filed holdings, 100% of IVV and 0% of PFF by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IVV vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV returned +13.7% to PFF's −4.2%; 12% of their weight is in the same names.

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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $11.8bn for iShares Preferred and Income Securities ETF.

IVV on its own →PFF on its own →

At a glance

+13.7%

IVV total return, 1 year

−4.2%

PFF total return, 1 year

0.03%

IVV expense ratio

0.45%

PFF expense ratio

Pair scorecard

IVV costs 0.42 points a year less; their one-year returns differ by 17.9 points; IVV is far larger, $885.1bn against $11.8bn.

IVV vs PFF: Differences, Returns & Fees
Measure	IVV	PFF
Return
Measure	IVV	PFF
Total return, 1 year	+13.7%	−4.2%
Drawdown
Measure	IVV	PFF
Below its high		7.1%, high on May 8, 2026
Benchmark
Measure	IVV	PFF
What it tracks	S&P 500	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	IVV	PFF
Expense ratio	0.03%	0.45%
Net assets, as of Oct 27, 2026	$885.1bn	$11.8bn
Holdings
Measure	IVV	PFF
Holdings in common	12%
Top ten holdings, share of the fund	38.1%	22.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 5, 2007 to Oct 23, 2026 · 1,020 weekly returns

IVV PFF

Return

Total return edge IVV +658.0% +94.0%

Annualized edge IVV +10.9% +3.4%

Price return edge IVV +428.1% −42.8%

Risk

Volatility edge IVV 17.9% 20.9%

Max drawdown edge IVV −54.7% −65.4%

Downside capture 99.7% 63.8%

Beta 0.99 0.70

Risk-adjusted

Sharpe edge IVV 0.58 0.19

Sortino edge IVV 0.82 0.28

Treynor 0.081 0.056

Calmar edge IVV 0.20 0.05

Against the benchmark

Alpha +0.1% a year −3.5% a year

Alpha t-stat 0.33 −0.90

Information ratio 0.00 −0.37

Tracking error 1.2% 17.7%

Each against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; PFF against MLRG, Apr 5, 2007 to Oct 23, 2026.

Reading

IVV returned more: +658.0% to +94.0%. IVV swung less: 17.9% to 20.9%. IVV fell less at its worst: −54.7% to −65.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: IVV vs PFF: Differences, Returns & Fees
Measure	IVV	PFF	Edge	How it is measured
Return
Total return	+658.0%	+94.0%	IVV	Price change plus distributions, reinvested.
Annualized	+10.9%	+3.4%	IVV	Total return as a yearly rate.
Price return	+428.1%	−42.8%	IVV	Price change alone, distributions left out.
Risk
Volatility	17.9%	20.9%	IVV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.6%	14.0%	IVV (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−54.7%	−65.4%	IVV	Deepest fall from a high to the low after it.
Upside capture	99.3%	37.7%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	99.7%	63.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.99	0.70	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	1.00	0.34	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.58	0.19	IVV	Return above Treasury bills per unit of volatility.
Sortino	0.82	0.28	IVV	Return above Treasury bills per unit of downside deviation.
Treynor	0.081	0.056		Return above Treasury bills per unit of beta.
Calmar	0.20	0.05	IVV	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	MLRG		The ETF each fund is measured against.
Alpha	+0.1% a year	−3.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.33	−0.90	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−0.4% to +0.5%	−11.0% to +4.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.00	−0.37		Return against its benchmark per unit of tracking error.
Tracking error	1.2%	17.7%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,020 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, IVV and PFF hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first IVV PFF

ALPHABET CLASS A 2.83% 2.31%

ALPHABET CLASS C 2.26% 2.26%

JPMORGAN CHASE & CO 1.34% 0.85%

BANK OF AMERICA 0.49% 1.43%

GOLDMAN SACHS GROUP 0.40% 0.50%

WELLS FARGO 0.38% 2.14%

ORACLE 0.34% 2.06%

MORGAN STANLEY 0.34% 0.48%

CITIGROUP 0.31% 1.22%

NEXTERA ENERGY 0.26% 1.06%

CHARLES SCHWAB 0.22% 0.32%

AT&T 0.21% 0.53%

Only in one fund ↓

Only in IVV

NVIDIA 7.92%

APPLE 7.61%

MICROSOFT 5.93%

AMAZON.COM INC 3.73%

BROADCOM INC 2.45%

META PLATFORMS CLASS A 2.05%

TESLA INC 1.73%

MICRON TECHNOLOGY 1.57%

Only in PFF

STRATEGY INC 3.53%

NEXTERA ENERGY UNITS 1.04%

BRIGHTSPRING HEALTH SERVICES UNITS 0.78%

JPMORGAN CHASE & CO 0.75%

NEXTERA ENERGY UNITS 0.73%

WELLS FARGO & COMPANY 0.69%

JPMORGAN CHASE AND CO DS REPSTG T 0.65%

JPMORGAN CHASE NON-CUMULATIVE PREF 0.64%

Check overlap with more funds →

Side by side

IVV iShares Core S&P 500 ETF PFF iShares Preferred and Income Securities ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the S&P 500 Tracks an index of Preferred and Income Securities

Total return, 1 year +13.7% −4.2%

Its benchmark over the same days +13.6% (SPY) +13.6% (MLRG)

Gap to its benchmark +0.1 pts vs SPY −17.8 pts vs MLRG

Expense ratio 0.03% 0.45%

Already in the S&P 500 99.8% 0.0%

Holdings 505 453

Net assets, as of Oct 27, 2026 $885.1bn $11.8bn

IVV and PFF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-DC4C99C521

IVV and PFF do different jobs. What does each one do in a portfolio?

What each follows. IVV follows S&P 500 and PFF follows ICE Exchange-Listed Preferred & Hybrid Securities Index.
Holdings in common. 12% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 IVV returned +13.7% and PFF −4.2% with distributions reinvested, a gap of 17.9 points.

Data as of Oct 28, 2026.

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About each fund

IVV

IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.

PFF

PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IVV or PFF?: In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and PFF −4.2%.
Which is cheaper, IVV or PFF?: IVV is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IVV and PFF overlap with the S&P 500?: By their latest filed holdings, 100% of IVV and 0% of PFF by weight is stocks the S&P 500 already holds.

Other comparisons

IVV vs SPSB IVV vs VGLT IVV vs TIP IVV vs JNK PFF vs SPY PFF vs VOO PFF vs VTI PFF vs RDVY

Where to next

IVV on its own →PFF on its own →Hold both: look the portfolio through →Rankings →IVV dividend history →IVV holdings →PFF dividend history →PFF holdings →Standards and sources →

Sources and dates

IVV and PFF filings on SEC EDGAR ↗

IVV and PFF prospectus with the expense ratio (SEC) ↗

iShares page for IVV ↗

iShares page for PFF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IVV against PFF, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-pff

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