HYGH vs IVV
HYGH vs IVV
iShares Interest Rate Hedged High Yield Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. HYGH offers more diversification with 867 holdings.
Side-by-Side Comparison
| Metric | HYGH | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.03% | |
| AUM | $595M | $865.2B | |
| Dividend Yield | 6.61% | 1.09% | |
| Holdings | 177 | 508 | |
| YTD Return | +3.71% | +13.52% | |
| 1Y Return | +7.14% | +23.63% | |
| 3Y Return (annualized) | +9.05% | +21.26% | |
| 5Y Return (annualized) | +7.10% | +13.52% | |
| Volatility (annualized) | 6.8% | 15.1% | |
| Max Drawdown | -33.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 27, 2014 | May 15, 2000 |
HYGH vs IVV Performance
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYGH returned +7.14% while IVV returned +23.63%. Year to date, HYGH is up 3.71% versus a gain of 13.52% for IVV.
Over three years, HYGH compounded at +9.05% per year against +21.26% for IVV; over five years the annualized figures are +7.10% and +13.52% respectively. Across the full 12-year window we track, IVV has the edge at +7.04% annualized vs +1.85%. 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 6.8% for HYGH. 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 -33.0% for HYGH 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
HYGH charges 0.52% per year while IVV charges 0.03%. On a $10,000 position that is $52 vs $3 annually, a gap of $49 per year that compounds over a long holding period. On income, HYGH currently yields 6.61% against 1.09% for IVV.
Holdings Overlap
HYGH and IVV share 0 holdings out of 1372 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, HYGH or IVV?
HYGH has an expense ratio of 0.52% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, HYGH or IVV?
Over the past year HYGH returned +7.14% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (12 years), HYGH annualized +1.85% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, HYGH or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.8% for HYGH. Worst drawdown: HYGH -33.0% vs IVV -56.5%.
Should I hold both HYGH and IVV?
HYGH 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 HYGH and IVV?
HYGH and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1372 unique securities.
Which pays a higher dividend, HYGH or IVV?
HYGH yields 6.61% while IVV yields 1.09%, so HYGH currently pays the higher dividend yield.
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