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IVOG vs PBUS

Vanguard S&P Mid-Cap 400 Growth ETF

IVOGANYSE Arca

Invesco MSCI USA ETF

PBUSACboe

Overlap

Expense ratio

PBUS −0.06pt a year

IVOG0.10%PBUS0.04%

Avg volume · 30D

PBUS 14.1×the volume

IVOG30.7KPBUS433K

5Y return · a year

PBUS +5.7pt

IVOG+5.8%PBUS+11.5%

IVOG vs PBUS Performance

Oct 29, 2021 – Oct 30, 2026

+32.4%IVOG+72.6%PBUS

Oct 29, 2021 to Oct 30, 2026. IVOG +32.4%. PBUS +72.6%. Use the arrow keys to read each point.−20%0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
IVOG 0.10%
PBUS 0.04%, better
Fund size
IVOG $1.8B
PBUS $10.5B
1Y total return
IVOG +12.7%, better
PBUS +11.5%
Yield (12M)
IVOG 0.58%
PBUS 1.02%, better
Holdings
IVOG 253
PBUS 517
Avg volume (30D)
IVOG 30.7K sh
PBUS 433K sh, better
NAV per share
IVOG $134.71
PBUS $75.71
52W range

ETF.net Grade

IVOG: Cost 79, Risk 34, Mission 91, Tradability 46, Holdings 84, Durability 79. PBUS: Cost 98, Risk 63, Mission 100, Tradability 86, Holdings 50, Durability 74.
Pillar letters and Scores for IVOG, PBUS, with each pillar’s weight
PillarIVOGPBUS
Cost30% weightA79A98Higher
Mission25% weightA91A100Higher
Risk15% weightD34B63Higher
Tradability15% weightC46A86Higher
Holdings10% weightA84HigherC50
Durability5% weightA79HigherA74

Rank among Other Major Indexes funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IVOG and PBUS are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds
See all 42 ›

PBUS ranks 3rd and IVOG 10th of 42 funds in the Other Major Indexes Category.

  1. Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
  2. Rank 2ASCHKSchwab 1000 Index ETFScore 86
  3. Rank 3APBUSInvesco MSCI USA ETFScore 85
  4. Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
  5. Rank 9AUSSGXtrackers MSCI USA Selection Equity ETFScore 71
  6. Rank 10AIVOGVanguard S&P Mid-Cap 400 Growth ETFScore 70
  7. Rank 11BSPXEProShares S&P 500 Ex-Energy ETFScore 69

Our read on each fund

ETF.net Research

IVOGAVanguard S&P Mid-Cap 400 Growth ETF

PBUSAInvesco MSCI USA ETF

In short

IVOG The growth half of the S&P MidCap 400, wrapped by Vanguard for a tenth of a percent. About 240 medium-size US companies chosen by a published growth screen, in a plain index fund priced well under the typical index wrapper.

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

Stated mandate

IVOG The fund seeks to track the S&P MidCap 400 Growth Index, which represents medium-size U.S. growth companies.

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

Why people hold it

  • IVOG 0.10% a year against a 0.45% median for index-wrapper peers. Fee is the one input you actually control, and this one stays small.
  • Fills the mid-cap gap most portfolios skip: roughly 240 medium-size US companies sorted by S&P's growth and momentum screen, not a manager's hunch.vanguard.com
  • Trading since 2010, and built as an ETF share class of Vanguard's S&P Mid-Cap 400 Growth Index Fund, so the ETF and the mutual fund run off one portfolio.vanguard.com
  • One of the tightest label-to-portfolio matches among the index wrappers we track: it holds the index it advertises, with no side quests.
  • PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
  • Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
  • A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
  • Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

Worth knowing

  • IVOG Thinly traded next to the big broad-market names, so bid/ask spreads can be wider and order type matters more.
  • Mid-cap growth moves harder than the total market in both directions. This is one slice of US equity, not a whole-market holding.
  • Income is an afterthought here: distributions land once or twice a year, not quarterly.
  • PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
  • The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
  • Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

Full IVOG profile⁠

Full PBUS profile⁠

IVOG vs PBUS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IVOG vs PBUS Cost

Overpaying IVOG vs PBUS

$1,257

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IVOG 0.10%

    $2,106

  • PBUS 0.04%

    $849

$10,000
30 years

Cost over time

  • IVOG 0.10%
  • PBUS 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530IVOG $2,106PBUS $849

Year by year

YearIVOGPBUSOverpaying
10$183$73$110
20$717$288$429
30$2,106$849$1,257

Expense ratio

  • 0.10%IVOG
  • 0.04%PBUS, cheaper
  • Middle half of Other Major Indexes funds
  • Median 0.29%

PBUS 2nd cheapest of 42 funds

IVOG 11th cheapest of 42 funds

IVOG vs PBUS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IVOG 0.58%
PBUS 1.02%, better
Payout (12M)
IVOG $0.77
PBUS $0.77
Last payment
IVOG $0.77
PBUS $0.19
Ex-dividend
IVOG Dec 22, 2025
PBUS Sep 21, 2026
Paid on
IVOG Dec 24, 2025
PBUS Sep 25, 2026
Frequency
IVOG Annual
PBUS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVOGAnnual · 9 paymentsAll IVOG payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.62; Dec 13, 2018 $0.60; Dec 16, 2019 $0.86; Dec 22, 2020 $0.66; Dec 21, 2021 $0.50; Dec 20, 2022 $0.89; Dec 20, 2023 $1.13; Dec 23, 2024 $0.89; Dec 22, 2025 $0.77. Use the arrow keys to read each point.$0$12017202020232026YTD
PBUSQuarterly · 36 paymentsAll PBUS payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.13; Mar 19, 2018 $0.10; Jun 18, 2018 $0.13; Sep 24, 2018 $0.14; Dec 26, 2018 $0.07; Mar 18, 2019 $0.11; Jun 24, 2019 $0.13; Sep 23, 2019 $0.08; Dec 23, 2019 $0.17; Mar 23, 2020 $0.15; Jun 22, 2020 $0.10; Sep 21, 2020 $0.13; Dec 21, 2020 $0.13; Mar 22, 2021 $0.13; Jun 21, 2021 $0.04; Sep 20, 2021 $0.13; Dec 20, 2021 $0.17; Mar 21, 2022 $0.16; Jun 21, 2022 $0.16; Sep 19, 2022 $0.16; Dec 19, 2022 $0.17; Mar 20, 2023 $0.17; Jun 20, 2023 $0.16; Sep 18, 2023 $0.14; Dec 18, 2023 $0.18; Mar 18, 2024 $0.17; Jun 24, 2024 $0.17; Sep 23, 2024 $0.17; Dec 23, 2024 $0.19; Mar 24, 2025 $0.18; Jun 23, 2025 $0.17; Sep 22, 2025 $0.18; Dec 22, 2025 $0.18; Mar 23, 2026 $0.20; Jun 22, 2026 $0.20; Sep 21, 2026 $0.19. Use the arrow keys to read each point.$0$12017202020232026YTD

IVOG vs PBUS Risk

Fall from peak · 5 years

  • IVOG
  • PBUS
Oct 29, 2021 to Oct 30, 2026. Worst fall: IVOG −29.3% · Jun 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
IVOG 16.1%PBUS 12.5%, better
Return per unit of riskSharpe ratio, 3 years
IVOG 0.79PBUS 1.41, better
Worst fallMax drawdown, 5 years
IVOG −29.3%PBUS −25.4%, better
Market sensitivityBeta, 5 years
IVOG 1.07PBUS 1.02

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