BKHY vs IVV
BNY Mellon High Yield ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. BKHY offers more diversification with 1,670 holdings.
Side-by-Side Comparison
| Metric | BKHY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.03% | |
| AUM | $168M | $907.0B | |
| Dividend Yield | 7.55% | 1.10% | |
| Holdings | 1,670 | 508 | |
| YTD Return | +2.59% | +12.71% | |
| 1Y Return | +5.88% | +21.89% | |
| 3Y Return (annualized) | +8.63% | +22.08% | |
| 5Y Return (annualized) | +3.96% | +12.96% | |
| Volatility (annualized) | 7.1% | 15.1% | |
| Max Drawdown | -15.9% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 22, 2020 | May 15, 2000 |
BKHY vs IVV Performance
BNY Mellon High Yield ETF (BKHY) is a ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BKHY returned +5.88% while IVV returned +21.89%. Year to date, BKHY is up 2.59% versus a gain of 12.71% for IVV.
Over three years, BKHY compounded at +8.63% per year against +22.08% for IVV; over five years the annualized figures are +3.96% and +12.96% respectively. Across the full 6-year window we track, IVV has the edge at +7.00% annualized vs +5.54%. 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 BKHY. 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 -15.9% for BKHY 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKHY charges 0.22% per year while IVV charges 0.03%. On a $10,000 position that is $22 vs $3 annually, a gap of $19 per year that compounds over a long holding period. On income, BKHY currently yields 7.55% against 1.10% for IVV.
Holdings Overlap
BKHY and IVV share 0 holdings out of 1564 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, BKHY or IVV?
BKHY has an expense ratio of 0.22% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, BKHY or IVV?
Over the past year BKHY returned +5.88% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), BKHY annualized +5.54% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, BKHY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.1% for BKHY. Worst drawdown: BKHY -15.9% vs IVV -56.5%.
Should I hold both BKHY and IVV?
BKHY and IVV 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 BKHY and IVV?
BKHY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1564 unique securities.
Which pays a higher dividend, BKHY or IVV?
BKHY yields 7.55% while IVV yields 1.10%, so BKHY currently pays the higher dividend yield.
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