EMHC vs IVV
State Street SPDR Bloomberg Emerging Markets USD Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. EMHC offers more diversification with 542 holdings.
Side-by-Side Comparison
| Metric | EMHC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.03% | |
| AUM | $292M | $907.0B | |
| Dividend Yield | 6.20% | 1.10% | |
| Holdings | 542 | 508 | |
| YTD Return | +1.16% | +12.28% | |
| 1Y Return | +6.16% | +20.94% | |
| 3Y Return (annualized) | +8.86% | +21.81% | |
| 5Y Return (annualized) | +1.18% | +13.05% | |
| Volatility (annualized) | 9.7% | 15.1% | |
| Max Drawdown | -28.0% | -56.5% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 6, 2021 | May 15, 2000 |
EMHC vs IVV Performance
State Street SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is a ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EMHC returned +6.16% while IVV returned +20.94%. Year to date, EMHC is up 1.16% versus a gain of 12.28% for IVV.
Over three years, EMHC compounded at +8.86% per year against +21.81% for IVV; over five years the annualized figures are +1.18% and +13.05% respectively. Across the full 5-year window we track, IVV has the edge at +6.98% annualized vs +1.68%. 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 9.7% for EMHC. 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 -28.0% for EMHC 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMHC charges 0.23% per year while IVV charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, EMHC currently yields 6.20% against 1.10% for IVV.
Holdings Overlap
EMHC and IVV share 0 holdings out of 513 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, EMHC or IVV?
EMHC has an expense ratio of 0.23% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, EMHC or IVV?
Over the past year EMHC returned +6.16% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), EMHC annualized +1.68% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, EMHC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for EMHC. Worst drawdown: EMHC -28.0% vs IVV -56.5%.
Should I hold both EMHC and IVV?
EMHC and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMHC and IVV?
EMHC and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, EMHC or IVV?
EMHC yields 6.20% while IVV yields 1.10%, so EMHC currently pays the higher dividend yield.
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