AOHY vs IVV
AOHY vs IVV
Angel Oak High Yield Opportunities 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 | AOHY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $124M | $865.2B | |
| Dividend Yield | 6.61% | 1.09% | |
| Holdings | 187 | 508 | |
| YTD Return | +2.09% | +11.54% | |
| 1Y Return | +4.90% | +21.48% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 3.0% | 15.1% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | Angel Oak Capital Advisors | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 20, 2024 | May 15, 2000 |
AOHY vs IVV Performance
Angel Oak High Yield Opportunities ETF (AOHY) is a ETF from Angel Oak Capital Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AOHY returned +4.90% while IVV returned +21.48%. Year to date, AOHY is up 2.09% versus a gain of 11.54% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.0% for AOHY. 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 -4.2% for AOHY 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AOHY charges 0.56% per year while IVV charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, AOHY currently yields 6.61% against 1.09% for IVV.
Holdings Overlap
AOHY and IVV share 0 holdings out of 627 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, AOHY or IVV?
AOHY has an expense ratio of 0.56% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, AOHY or IVV?
Over the past year AOHY returned +4.90% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), AOHY annualized +7.09% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, AOHY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.0% for AOHY. Worst drawdown: AOHY -4.2% vs IVV -56.5%.
Should I hold both AOHY and IVV?
AOHY and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOHY and IVV?
AOHY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 627 unique securities.
Which pays a higher dividend, AOHY or IVV?
AOHY yields 6.61% while IVV yields 1.09%, so AOHY currently pays the higher dividend yield.
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