HYS vs IVV
HYS vs IVV
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. HYS offers more diversification with 657 holdings.
Side-by-Side Comparison
| Metric | HYS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $1.7B | $865.2B | |
| Dividend Yield | 7.31% | 1.09% | |
| Holdings | 826 | 508 | |
| YTD Return | +1.31% | +9.93% | |
| 1Y Return | +5.18% | +19.59% | |
| 3Y Return (annualized) | +8.13% | +19.41% | |
| 5Y Return (annualized) | +5.06% | +12.89% | |
| Volatility (annualized) | 6.1% | 15.1% | |
| Max Drawdown | -26.6% | -56.5% | |
| Fund Family | PIMCO (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 16, 2011 | May 15, 2000 |
HYS vs IVV Performance
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is a ETF from PIMCO (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYS returned +5.18% while IVV returned +19.59%. Year to date, HYS is up 1.31% versus a gain of 9.93% for IVV.
Over three years, HYS compounded at +8.13% per year against +19.41% for IVV; over five years the annualized figures are +5.06% and +12.89% respectively. Across the full 15-year window we track, IVV has the edge at +6.91% annualized vs +1.70%. 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 6.1% for HYS. 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 -26.6% for HYS 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
HYS charges 0.56% per year while IVV charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, HYS currently yields 7.31% against 1.09% for IVV.
Holdings Overlap
HYS and IVV share 0 holdings out of 1162 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, HYS or IVV?
HYS has an expense ratio of 0.56% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, HYS or IVV?
Over the past year HYS returned +5.18% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (15 years), HYS annualized +1.70% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, HYS or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.1% for HYS. Worst drawdown: HYS -26.6% vs IVV -56.5%.
Should I hold both HYS and IVV?
HYS 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 HYS and IVV?
HYS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1162 unique securities.
Which pays a higher dividend, HYS or IVV?
HYS yields 7.31% while IVV yields 1.09%, so HYS currently pays the higher dividend yield.
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