DHF vs IVV
BNY Mellon High Yield Strategies Fund vs iShares Core S&P 500 ETF
Which is better, DHF or IVV?
High Yield Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. DHF is less concentrated, with 13.4% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DHF | IVV |
|---|---|---|
| Expense Ratio | 1.71% | 0.03%Best |
| AUM | $195M | $886.7B |
| Dividend Yield | 7.87% | 1.10% |
| Holdings | 318 | 508 |
| YTD Return | -0.29% | +13.39%Best |
| 1Y Return | -1.56% | +20.08%Best |
| 3Y Return (annualized) | +11.33% | +21.29%Best |
| 5Y Return (annualized) | +1.62% | +12.88%Best |
| Volatility (annualized) | 20.0% | 15.1%Best |
| Max Drawdown | -82.9% | -56.5%Best |
| $10,000 over 5 years | $10,837 | $18,327Best |
| Top 10 Weight | 13.4%Best | 37.9% |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Apr 29, 1998 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 4, 2026 (26.3 years).
DHF vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
DHF vs IVV Performance
BNY Mellon High Yield Strategies Fund (DHF) is an ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DHF returned -1.56% while IVV returned +20.08%. Year to date, DHF is down 0.29% versus a gain of 13.39% for IVV.
Over three years, DHF compounded at +11.33% per year against +21.29% for IVV; over five years the annualized figures are +1.62% and +12.88% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs -3.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHF has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 15.1% for IVV. 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 -82.9% for DHF and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DHF charges 1.71% per year while IVV charges 0.03%. On a $10,000 position that is $171 vs $3 annually, a gap of $168 per year that compounds over a long holding period. On income, DHF currently yields 7.87% against 1.10% for IVV.
Holdings Overlap
We hold position weights for 217 holdings in DHF and 505 in IVV, totalling 99.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 127 days apart, DHF as of Mar 31, 2026 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 217 positions we hold weights for in DHF and 505 in IVV, against full books of 318 and 508.
What only one of them owns
Our book lists 497 positions for IVV that do not appear in our book for DHF (99.3% of the fund), and 216 for DHF that do not appear in IVV (99.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DHF and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DHF or IVV?
DHF has an expense ratio of 1.71% while IVV charges 0.03%. IVV is the cheaper option, by $168 a year on a $10,000 investment.
Which performed better, DHF or IVV?
Over the past year DHF returned -1.56% vs +20.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), DHF annualized -3.20% vs +7.01% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DHF or IVV?
DHF has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: DHF -82.9% vs IVV -56.5%.
Should I hold both DHF and IVV?
DHF and IVV have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DHF or IVV?
DHF yields 7.87% while IVV yields 1.10%, so DHF currently pays the higher dividend yield.
Is IVV better than DHF?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. DHF is less concentrated, with 13.4% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.