BNDY vs IVV
Horizon Core Bond 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 508 holdings.
Side-by-Side Comparison
| Metric | BNDY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.03% | |
| AUM | $249M | $865.2B | |
| Dividend Yield | 5.65% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | -3.55% | +14.50% | |
| 1Y Return | -1.54% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 4.6% | 15.1% | |
| Max Drawdown | -6.3% | -56.5% | |
| Fund Family | Horizon Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 2, 2025 | May 15, 2000 |
BNDY vs IVV Performance
Horizon Core Bond ETF (BNDY) is a ETF from Horizon Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BNDY returned -1.54% while IVV returned +22.02%. Year to date, BNDY is down 3.55% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.6% for BNDY. 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 -6.3% for BNDY 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BNDY charges 0.66% per year while IVV charges 0.03%. On a $10,000 position that is $66 vs $3 annually, a gap of $63 per year that compounds over a long holding period. On income, BNDY currently yields 5.65% against 1.09% for IVV.
Holdings Overlap
BNDY and IVV share 0 holdings out of 507 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, BNDY or IVV?
BNDY has an expense ratio of 0.66% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, BNDY or IVV?
Over the past year BNDY returned -1.54% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), BNDY annualized -0.02% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, BNDY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.6% for BNDY. Worst drawdown: BNDY -6.3% vs IVV -56.5%.
Should I hold both BNDY and IVV?
BNDY and IVV have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDY and IVV?
BNDY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, BNDY or IVV?
BNDY yields 5.65% while IVV yields 1.09%, so BNDY currently pays the higher dividend yield.
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