AHYB vs IVV
AHYB vs IVV
American Century Select High Yield ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AHYB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $62M | $865.2B | |
| Dividend Yield | 5.99% | 1.09% | |
| Holdings | 609 | 508 | |
| YTD Return | +1.19% | +9.93% | |
| 1Y Return | +4.84% | +19.59% | |
| 3Y Return (annualized) | +7.38% | +19.41% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 7.5% | 15.1% | |
| Max Drawdown | -14.8% | -56.5% | |
| Fund Family | American Century Investments | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 16, 2021 | May 15, 2000 |
AHYB vs IVV Performance
American Century Select High Yield ETF (AHYB) is a ETF from American Century Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AHYB returned +4.84% while IVV returned +19.59%. Year to date, AHYB is up 1.19% versus a gain of 9.93% for IVV.
Over three years, AHYB compounded at +7.38% per year against +19.41% for IVV. Across the full 5-year window we track, IVV has the edge at +6.91% annualized vs +3.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.5% for AHYB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.8% for AHYB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AHYB charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, AHYB currently yields 5.99% against 1.09% for IVV.
Holdings Overlap
AHYB and IVV share 0 holdings out of 949 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AHYB or IVV?
AHYB has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, AHYB or IVV?
Over the past year AHYB returned +4.84% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), AHYB annualized +3.65% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, AHYB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.5% for AHYB. Worst drawdown: AHYB -14.8% vs IVV -56.5%.
Should I hold both AHYB and IVV?
AHYB and IVV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AHYB and IVV?
AHYB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 949 unique securities.
Which pays a higher dividend, AHYB or IVV?
AHYB yields 5.99% while IVV yields 1.09%, so AHYB currently pays the higher dividend yield.
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