EUHY vs IVV
iShares Euro High Yield Corporate Bond USD Hedged 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 | EUHY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $251M | $907.0B | |
| Dividend Yield | 5.75% | 1.10% | |
| Holdings | 403 | 508 | |
| YTD Return | -0.01% | +12.28% | |
| 1Y Return | -2.83% | +20.94% | |
| 3Y Return (annualized) | +4.19% | +21.81% | |
| 5Y Return (annualized) | -0.85% | +13.05% | |
| Volatility (annualized) | 10.9% | 15.1% | |
| Max Drawdown | -36.3% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 3, 2012 | May 15, 2000 |
EUHY vs IVV Performance
iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EUHY returned -2.83% while IVV returned +20.94%. Year to date, EUHY is down 0.01% versus a gain of 12.28% for IVV.
Over three years, EUHY compounded at +4.19% per year against +21.81% for IVV; over five years the annualized figures are -0.85% and +13.05% respectively. Across the full 14-year window we track, IVV has the edge at +6.98% annualized vs +0.47%. 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 10.9% for EUHY. 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 -36.3% for EUHY 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EUHY charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, EUHY currently yields 5.75% against 1.10% for IVV.
Holdings Overlap
EUHY and IVV share 1 holdings out of 505 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EUHY | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.25% | 0.15% | 0.10% |
Frequently Asked Questions
Which is cheaper, EUHY or IVV?
EUHY has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, EUHY or IVV?
Over the past year EUHY returned -2.83% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), EUHY annualized +0.47% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, EUHY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.9% for EUHY. Worst drawdown: EUHY -36.3% vs IVV -56.5%.
Should I hold both EUHY and IVV?
EUHY and IVV have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EUHY and IVV?
EUHY and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, EUHY or IVV?
EUHY yields 5.75% while IVV yields 1.10%, so EUHY currently pays the higher dividend yield.
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