IVV vs PHYL
IVV vs PHYL
iShares Core S&P 500 ETF vs PGIM Active High Yield Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. PHYL offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | IVV | PHYL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $1.4B | |
| Dividend Yield | 1.09% | 8.24% | |
| Holdings | 508 | 804 | |
| YTD Return | +13.80% | +2.23% | |
| 1Y Return | +23.70% | +5.44% | |
| 3Y Return (annualized) | +21.49% | +8.44% | |
| 5Y Return (annualized) | +13.43% | +3.99% | |
| Volatility (annualized) | 15.1% | 8.7% | |
| Max Drawdown | -56.5% | -23.5% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 24, 2018 |
IVV vs PHYL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM Active High Yield Bond ETF (PHYL) is a ETF from PGIM Investments. Over the past year IVV returned +23.70% while PHYL returned +5.44%. Year to date, IVV is up 13.80% versus a gain of 2.23% for PHYL.
Over three years, IVV compounded at +21.49% per year against +8.44% for PHYL; over five years the annualized figures are +13.43% and +3.99% respectively. Across the full 8-year window we track, IVV has the edge at +7.05% annualized vs +3.08%. 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 8.7% for PHYL. 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 -23.5% for PHYL. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PHYL charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.24% for PHYL.
Holdings Overlap
IVV and PHYL share 1 holdings out of 1120 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PHYL | Difference |
|---|---|---|---|
| CHK | 0.03% | 0.03% | 0.00% |
Frequently Asked Questions
Which is cheaper, IVV or PHYL?
IVV has an expense ratio of 0.03% while PHYL charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or PHYL?
Over the past year IVV returned +23.70% vs +5.44% for PHYL, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.05% vs +3.08% for PHYL. Past performance does not guarantee future results.
Which is riskier, IVV or PHYL?
IVV has been the more volatile fund at 15.1% annualized versus 8.7% for PHYL. Worst drawdown: IVV -56.5% vs PHYL -23.5%.
Should I hold both IVV and PHYL?
IVV and PHYL have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PHYL?
IVV and PHYL share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1120 unique securities.
Which pays a higher dividend, IVV or PHYL?
IVV yields 1.09% while PHYL yields 8.24%, so PHYL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.