HARD vs IVV
Simplify Commodities Strategy No K-1 ETF vs iShares Core S&P 500 ETF
Which is better, HARD or IVV?
Long-Short Strategy against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y 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 | HARD | IVV |
|---|---|---|
| Expense Ratio | 0.78% | 0.03%Best |
| AUM | $62M | $886.7B |
| Dividend Yield | 2.95% | 1.10% |
| Holdings | 83 | 508 |
| YTD Return | +15.26%Best | +13.39% |
| 1Y Return | +14.19% | +20.08%Best |
| 3Y Return (annualized) | +12.88% | +21.29%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 16.5% | 12.4%Best |
| Max Drawdown | -21.0% | -18.8%Best |
| $10,000 over 3.4 years | $14,768 | $20,176Best |
| Fund Family | Simplify Exchange Traded Funds | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Long-Short Strategy | Large Cap Blend |
| Inception | Mar 27, 2023 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Mar 28, 2023 to Sep 4, 2026 (3.4 years).
HARD 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 3.4 years both funds cover.
HARD vs IVV Performance
Simplify Commodities Strategy No K-1 ETF (HARD) is an ETF from Simplify Exchange Traded Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HARD returned +14.19% while IVV returned +20.08%. Year to date, HARD is up 15.26% versus a gain of 13.39% for IVV.
Over three years, HARD compounded at +12.88% per year against +21.29% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HARD has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.4% 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 -21.0% for HARD and -18.8% 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 -0.08. They move largely independently of each other.
Fees and Cost Over Time
HARD charges 0.78% per year while IVV charges 0.03%. On a $10,000 position that is $78 vs $3 annually, a gap of $75 per year that compounds over a long holding period. On income, HARD currently yields 2.95% against 1.10% for IVV.
Holdings Overlap
We hold position weights for 1 holding in HARD and 504 in IVV, totalling 69.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in HARD and 504 in IVV, against full books of 83 and 508.
You are not choosing between two funds in isolation.
Whichever of HARD 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, HARD or IVV?
HARD has an expense ratio of 0.78% while IVV charges 0.03%. IVV is the cheaper option, by $75 a year on a $10,000 investment.
Which performed better, HARD or IVV?
Over the past year HARD returned +14.19% vs +20.08% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HARD or IVV?
HARD has been the more volatile fund at 16.5% annualized versus 12.4% for IVV. Worst drawdown: HARD -21.0% vs IVV -18.8%.
Should I hold both HARD and IVV?
HARD and IVV have a monthly-return correlation of -0.08, 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, HARD or IVV?
HARD yields 2.95% while IVV yields 1.10%, so HARD currently pays the higher dividend yield.
Is IVV better than HARD?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.