HYLS vs IVV
HYLS vs IVV
First Trust Tactical 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 | HYLS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $1.6B | $865.2B | |
| Dividend Yield | 6.71% | 1.09% | |
| Holdings | 315 | 508 | |
| YTD Return | +0.96% | +11.54% | |
| 1Y Return | +3.38% | +21.48% | |
| 3Y Return (annualized) | +7.40% | +20.86% | |
| 5Y Return (annualized) | +2.78% | +13.02% | |
| Volatility (annualized) | 7.1% | 15.1% | |
| Max Drawdown | -29.1% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 25, 2013 | May 15, 2000 |
HYLS vs IVV Performance
First Trust Tactical High Yield ETF (HYLS) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYLS returned +3.38% while IVV returned +21.48%. Year to date, HYLS is up 0.96% versus a gain of 11.54% for IVV.
Over three years, HYLS compounded at +7.40% per year against +20.86% for IVV; over five years the annualized figures are +2.78% and +13.02% respectively. Across the full 13-year window we track, IVV has the edge at +6.97% annualized vs +0.96%. 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 7.1% for HYLS. 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 -29.1% for HYLS 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYLS charges 0.69% per year while IVV charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, HYLS currently yields 6.71% against 1.09% for IVV.
Holdings Overlap
HYLS and IVV share 0 holdings out of 724 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, HYLS or IVV?
HYLS has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, HYLS or IVV?
Over the past year HYLS returned +3.38% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), HYLS annualized +0.96% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, HYLS or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.1% for HYLS. Worst drawdown: HYLS -29.1% vs IVV -56.5%.
Should I hold both HYLS and IVV?
HYLS and IVV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYLS and IVV?
HYLS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 724 unique securities.
Which pays a higher dividend, HYLS or IVV?
HYLS yields 6.71% while IVV yields 1.09%, so HYLS currently pays the higher dividend yield.
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