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Multiple satellite-based datasets provide estimates of the long-term record of global precipitation. Each necessarily includes both the real atmospheric behavior and a collection of artifacts driven by the input data sources and design choices in the retrievals and dataset construction. For this presentation, the Integrated Multi-satellitE Retrievals for GPM (IMERG) products from the Global Precipitation Measurement (GPM) mission’s U.S. Science Team are designed as a modern High-Resolution Precipitation Product (HRPP), while the Global Precipitation Climatology Project’s (GPCP) products are designed as a modern Climate Data Record (CDR). Although they share some common input data sources, the computational process for each is rather different. Comparing the precipitation estimates from each algorithm gives us insights into likely artifacts and the natural variations that are common to both. The goal of an HRPP is to give the best estimate of precipitation at each time step in the dataset, generally meaning that “all possible available” data are used. In contrast, the CDR is intended to provide a precipitation record that has relatively homogeneous statistics, necessary for climate analysis. Each analysis strives for both goals, of course, but this means that the HRPP uses the disparate collection of satellites whose statistics don’t quite match the ideal record, while the CDR is computed from fewer satellites that provide a relatively homogeneous set of precipitation statistics. This presentation employs the current versions of the IMERG and GPCP products, V07B and V3.2, respectively. A variety of analyses have demonstrated that IMERG has more artifacts, as expected, which tend to result from changes in the source of intercalibration for the various input satellites, namely the Combined Radar-Radiometer Algorithm using TMI and PR during the TRMM era and using GMI and DPR-Ku during the GPM era. As well, a shift occurs when the altitudes of the TRMM and GPM satellites change as a result of orbit boosts. For the most part the mean precipitation shows good continuity across these boundaries, but there are noticeable changes in the respective histograms. The latter has taken on more importance in recent years due to increased scrutiny on extremes which implicitly focus on the upper end of the precipitation histograms. The GPCP product is more homogeneous, with only one major change in calibrator, transitioning from the SSMI series of satellites to the SSMIS series of satellites in 2009. The GPCP analysis does a good job of minimizing artifacts in the means at this boundary, while the histograms show a smaller, but still noticeable shift in the histograms, a result that is similar to data boundaries in IMERG. The GPCP Daily, which is a month-by-month rescaling of the daily accumulated IMERG Final product, shows more consistency than the equivalent daily IMERG, but inherits the histogram shifts from IMERG. Given this overlay of artifacts, there is enough consistency between the products to illustrate some important long-term variations, including interannual variations, not all of which are easily attributable to ENSO events, and trends that are large regionally, but comparatively small when averaged across the globe.