HARD vs IVV
Simplify Commodities Strategy No K-1 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 505 holdings.
Side-by-Side Comparison
| Metric | HARD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.03% | |
| AUM | $82M | $865.2B | |
| Dividend Yield | 3.15% | 1.09% | |
| Holdings | 96 | 508 | |
| YTD Return | +7.97% | +13.80% | |
| 1Y Return | +14.05% | +23.01% | |
| 3Y Return (annualized) | +9.88% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 16.5% | 15.1% | |
| Max Drawdown | -21.0% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 27, 2023 | May 15, 2000 |
HARD vs IVV Performance
Simplify Commodities Strategy No K-1 ETF (HARD) is a ETF from Simplify Exchange Traded Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HARD returned +14.05% while IVV returned +23.01%. Year to date, HARD is up 7.97% versus a gain of 13.80% for IVV.
Over three years, HARD compounded at +9.88% per year against +21.77% for IVV. Across the full 3-year window we track, HARD has the edge at +10.26% annualized vs +7.04%. 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 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 -21.0% for HARD 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
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 3.15% against 1.09% for IVV.
Holdings Overlap
HARD and IVV share 0 holdings out of 506 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, HARD or IVV?
HARD has an expense ratio of 0.78% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, HARD or IVV?
Over the past year HARD returned +14.05% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), HARD annualized +10.26% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, HARD or IVV?
HARD has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: HARD -21.0% vs IVV -56.5%.
Should I hold both HARD and IVV?
HARD and IVV have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HARD and IVV?
HARD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HARD or IVV?
HARD yields 3.15% while IVV yields 1.09%, so HARD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.