HYGV vs IVV
HYGV vs IVV
FlexShares High Yield Value-Scored Bond Index Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. HYGV offers more diversification with 854 holdings.
Side-by-Side Comparison
| Metric | HYGV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.03% | |
| AUM | $1.1B | $865.2B | |
| Dividend Yield | 7.38% | 1.09% | |
| Holdings | 958 | 508 | |
| YTD Return | +1.74% | +13.13% | |
| 1Y Return | +4.90% | +22.90% | |
| 3Y Return (annualized) | +7.92% | +21.08% | |
| 5Y Return (annualized) | +3.40% | +13.27% | |
| Volatility (annualized) | 9.1% | 15.1% | |
| Max Drawdown | -25.9% | -56.5% | |
| Fund Family | Flexshares Trust | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 17, 2018 | May 15, 2000 |
HYGV vs IVV Performance
FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is a ETF from Flexshares Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYGV returned +4.90% while IVV returned +22.90%. Year to date, HYGV is up 1.74% versus a gain of 13.13% for IVV.
Over three years, HYGV compounded at +7.92% per year against +21.08% for IVV; over five years the annualized figures are +3.40% and +13.27% respectively. Across the full 8-year window we track, IVV has the edge at +7.02% annualized vs +2.34%. 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 9.1% for HYGV. 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 -25.9% for HYGV 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYGV charges 0.37% per year while IVV charges 0.03%. On a $10,000 position that is $37 vs $3 annually, a gap of $34 per year that compounds over a long holding period. On income, HYGV currently yields 7.38% against 1.09% for IVV.
Holdings Overlap
HYGV and IVV share 0 holdings out of 1359 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, HYGV or IVV?
HYGV has an expense ratio of 0.37% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, HYGV or IVV?
Over the past year HYGV returned +4.90% vs +22.90% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), HYGV annualized +2.34% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, HYGV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.1% for HYGV. Worst drawdown: HYGV -25.9% vs IVV -56.5%.
Should I hold both HYGV and IVV?
HYGV and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYGV and IVV?
HYGV and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1359 unique securities.
Which pays a higher dividend, HYGV or IVV?
HYGV yields 7.38% while IVV yields 1.09%, so HYGV currently pays the higher dividend yield.
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