We report a comparative study on spectral and morphological properties of two blend systems for polymer solar cells: the donor material poly(3-hexylthiophene) (P3HT) in combination with the acceptor material of either [6,6]-phenyl-C61 butyric acid methyl ester (PCBM) or indene-C60 bisadduct (ICBA) that was reported to enhance efficiencies of polymer solar cells. Optical microscopy and grazing incidence X-ray scattering reveal the stronger tendency of PCBM to from larger and more ordered domains/grains than ICBA either in pure or blend films. Compared to PCBM, the presence of ICBA also substantially perturbs the organization and longer-range ordering of P3HT in increasing the ICBA ratio in blends. With larger and more ordered phase-separated domains, the P3HT/PCBM blend films exhibit significant optical scattering at higher PCBM ratios. Yet, such optical scattering is not significant for P3HT/ICBA blends (even with high ICBA ratios). Overall, results here suggest the reported higher efficiencies of P3HT/ICBA solar cells (vs. P3HT/PCBM cells) cannot be attributed to larger and/or more ordered phase-separated donor–acceptor domains and other characteristics play more important roles in this case.