HYGH vs VOO
HYGH vs VOO
iShares Interest Rate Hedged High Yield Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. HYGH offers more diversification with 867 holdings.
Side-by-Side Comparison
| Metric | HYGH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.03% | |
| AUM | $595M | $979.0B | |
| Dividend Yield | 6.61% | 1.09% | |
| Holdings | 177 | 509 | |
| YTD Return | +3.77% | +9.95% | |
| 1Y Return | +6.85% | +19.58% | |
| 3Y Return (annualized) | +9.04% | +19.43% | |
| 5Y Return (annualized) | +7.11% | +12.89% | |
| Volatility (annualized) | 6.8% | 14.2% | |
| Max Drawdown | -33.0% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 27, 2014 | Sep 7, 2010 |
HYGH vs VOO Performance
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HYGH returned +6.85% while VOO returned +19.58%. Year to date, HYGH is up 3.77% versus a gain of 9.95% for VOO.
Over three years, HYGH compounded at +9.04% per year against +19.43% for VOO; over five years the annualized figures are +7.11% and +12.89% respectively. Across the full 12-year window we track, VOO has the edge at +13.35% annualized vs +1.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
HYGH and VOO 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 VOO?
HYGH has an expense ratio of 0.52% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, HYGH or VOO?
Over the past year HYGH returned +6.85% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (12 years), HYGH annualized +1.86% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, HYGH or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 6.8% for HYGH. Worst drawdown: HYGH -33.0% vs VOO -34.3%.
Should I hold both HYGH and VOO?
HYGH and VOO 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 VOO?
HYGH and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1372 unique securities.
Which pays a higher dividend, HYGH or VOO?
HYGH yields 6.61% while VOO yields 1.09%, so HYGH currently pays the higher dividend yield.
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