EVHY vs IVV
EVHY vs IVV
Eaton Vance 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 | EVHY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.03% | |
| AUM | $23M | $865.2B | |
| Dividend Yield | 7.12% | 1.09% | |
| Holdings | 294 | 508 | |
| YTD Return | +2.09% | +13.52% | |
| 1Y Return | +5.55% | +23.63% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 3.8% | 15.1% | |
| Max Drawdown | -3.7% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | May 15, 2000 |
EVHY vs IVV Performance
Eaton Vance High Yield ETF (EVHY) is a ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EVHY returned +5.55% while IVV returned +23.63%. Year to date, EVHY is up 2.09% versus a gain of 13.52% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.8% for EVHY. 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 -3.7% for EVHY 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVHY charges 0.48% per year while IVV charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, EVHY currently yields 7.12% against 1.09% for IVV.
Holdings Overlap
EVHY and IVV share 0 holdings out of 730 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, EVHY or IVV?
EVHY has an expense ratio of 0.48% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, EVHY or IVV?
Over the past year EVHY returned +5.55% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), EVHY annualized +9.36% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EVHY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.8% for EVHY. Worst drawdown: EVHY -3.7% vs IVV -56.5%.
Should I hold both EVHY and IVV?
EVHY and IVV have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVHY and IVV?
EVHY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 730 unique securities.
Which pays a higher dividend, EVHY or IVV?
EVHY yields 7.12% while IVV yields 1.09%, so EVHY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.