IVV vs PHYD
IVV vs PHYD
iShares Core S&P 500 ETF vs Putnam ESG High Yield 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 | IVV | PHYD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $865.2B | $8M | |
| Dividend Yield | 1.09% | 8.98% | |
| Holdings | 508 | 323 | |
| YTD Return | +13.13% | +2.34% | |
| 1Y Return | +22.90% | +7.64% | |
| 3Y Return (annualized) | +21.08% | +8.71% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -4.3% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 19, 2023 |
IVV vs PHYD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Putnam ESG High Yield ETF (PHYD) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +22.90% while PHYD returned +7.64%. Year to date, IVV is up 13.13% versus a gain of 2.34% for PHYD.
Over three years, IVV compounded at +21.08% per year against +8.71% for PHYD. Across the full 3-year window we track, PHYD has the edge at +7.86% annualized vs +7.02%. 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 4.5% for PHYD. 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 -56.5% for IVV and -4.3% for PHYD. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PHYD charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.98% for PHYD.
Holdings Overlap
IVV and PHYD share 0 holdings out of 771 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, IVV or PHYD?
IVV has an expense ratio of 0.03% while PHYD charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IVV or PHYD?
Over the past year IVV returned +22.90% vs +7.64% for PHYD, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.02% vs +7.86% for PHYD. Past performance does not guarantee future results.
Which is riskier, IVV or PHYD?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for PHYD. Worst drawdown: IVV -56.5% vs PHYD -4.3%.
Should I hold both IVV and PHYD?
IVV and PHYD have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PHYD?
IVV and PHYD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 771 unique securities.
Which pays a higher dividend, IVV or PHYD?
IVV yields 1.09% while PHYD yields 8.98%, so PHYD currently pays the higher dividend yield.
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