DHF vs IVV
DHF vs IVV
BNY Mellon High Yield Strategies Fund 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 | DHF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.71% | 0.03% | |
| AUM | $194M | $865.2B | |
| Dividend Yield | 7.75% | 1.09% | |
| Holdings | 318 | 508 | |
| YTD Return | -0.60% | +13.80% | |
| 1Y Return | +0.05% | +23.70% | |
| 3Y Return (annualized) | +10.72% | +21.49% | |
| 5Y Return (annualized) | +1.01% | +13.43% | |
| Volatility (annualized) | 20.1% | 15.1% | |
| Max Drawdown | -89.1% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 29, 1998 | May 15, 2000 |
DHF vs IVV Performance
BNY Mellon High Yield Strategies Fund (DHF) is a ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DHF returned +0.05% while IVV returned +23.70%. Year to date, DHF is down 0.60% versus a gain of 13.80% for IVV.
Over three years, DHF compounded at +10.72% per year against +21.49% for IVV; over five years the annualized figures are +1.01% and +13.43% respectively. Across the full 26-year window we track, IVV has the edge at +7.05% annualized vs -4.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHF has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.1% for IVV. 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 -89.1% for DHF 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DHF charges 1.71% per year while IVV charges 0.03%. On a $10,000 position that is $171 vs $3 annually, a gap of $168 per year that compounds over a long holding period. On income, DHF currently yields 7.75% against 1.09% for IVV.
Holdings Overlap
DHF and IVV share 0 holdings out of 722 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, DHF or IVV?
DHF has an expense ratio of 1.71% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $168 per year of difference.
Which performed better, DHF or IVV?
Over the past year DHF returned +0.05% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), DHF annualized -4.80% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DHF or IVV?
DHF has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: DHF -89.1% vs IVV -56.5%.
Should I hold both DHF and IVV?
DHF and IVV have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DHF and IVV?
DHF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 722 unique securities.
Which pays a higher dividend, DHF or IVV?
DHF yields 7.75% while IVV yields 1.09%, so DHF currently pays the higher dividend yield.
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