GHY vs IVV
PGIM Global High Yield Fund, Inc vs iShares Core S&P 500 ETF
Which is better, GHY or IVV?
High Yield Bond against Large Cap Blend.
IVV led over 1Y, 3Y, 5Y and the full window.
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 | GHY | IVV |
|---|---|---|
| Expense Ratio | - | 0.03% |
| AUM | $543M | $886.7B |
| Dividend Yield | 9.88% | 1.10% |
| Holdings | 889 | 508 |
| YTD Return | -1.09% | +13.39%Best |
| 1Y Return | -4.52% | +20.08%Best |
| 3Y Return (annualized) | +11.56% | +21.29%Best |
| 5Y Return (annualized) | +3.93% | +12.88%Best |
| Volatility (annualized) | 12.9%Best | 14.3% |
| Max Drawdown | -55.6% | -33.9%Best |
| $10,000 over 5 years | $12,126 | $18,327Best |
| Fund Family | PGIM Investments | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Dec 21, 2012 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 21, 2012 to Sep 4, 2026 (13.7 years).
GHY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GHY vs IVV Performance
PGIM Global High Yield Fund, Inc (GHY) is an ETF from PGIM Investments and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GHY returned -4.52% while IVV returned +20.08%. Year to date, GHY is down 1.09% versus a gain of 13.39% for IVV.
Over three years, GHY compounded at +11.56% per year against +21.29% for IVV; over five years the annualized figures are +3.93% and +12.88% respectively. Across the full 14-year window we track, IVV has the edge at +13.72% annualized vs +0.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 12.9% for GHY. 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 -55.6% for GHY and -33.9% 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 0.69. They move together some of the time, and apart the rest.
Holdings Overlap
At least 0.1% of IVV's money is in holdings GHY also owns.
Stated as a floor: for GHY, our book for it covers 66.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 187 days apart, GHY as of Jan 30, 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.
2 positions in common, counted across the 545 positions we hold weights for in GHY and 505 in IVV, against full books of 889 and 508.
You are not choosing between two funds in isolation.
Whichever of GHY 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 performed better, GHY or IVV?
Over the past year GHY returned -4.52% vs +20.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), GHY annualized +0.05% vs +13.72% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GHY or IVV?
IVV has been the more volatile fund at 14.3% annualized versus 12.9% for GHY. Worst drawdown: GHY -55.6% vs IVV -33.9%.
Should I hold both GHY and IVV?
GHY and IVV have a monthly-return correlation of 0.69, 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, GHY or IVV?
GHY yields 9.88% while IVV yields 1.10%, so GHY currently pays the higher dividend yield.
Is IVV better than GHY?
IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.