HDEF vs IVV
Xtrackers MSCI EAFE High Dividend Yield Equity 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 | HDEF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $2.3B | $907.0B | |
| Dividend Yield | 3.68% | 1.10% | |
| Holdings | 123 | 508 | |
| YTD Return | +12.53% | +13.22% | |
| 1Y Return | +18.58% | +21.62% | |
| 3Y Return (annualized) | +19.67% | +22.17% | |
| 5Y Return (annualized) | +12.23% | +13.42% | |
| Volatility (annualized) | 14.7% | 15.1% | |
| Max Drawdown | -38.2% | -56.5% | |
| Fund Family | Xtrackers ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 12, 2015 | May 15, 2000 |
HDEF vs IVV Performance
Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) is a ETF from Xtrackers ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HDEF returned +18.58% while IVV returned +21.62%. Year to date, HDEF is up 12.53% versus a gain of 13.22% for IVV.
Over three years, HDEF compounded at +19.67% per year against +22.17% for IVV; over five years the annualized figures are +12.23% and +13.42% respectively. Across the full 11-year window we track, IVV has the edge at +7.02% annualized vs +5.52%. 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 14.7% for HDEF. 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 -38.2% for HDEF 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HDEF charges 0.09% per year while IVV charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, HDEF currently yields 3.68% against 1.10% for IVV.
Holdings Overlap
HDEF and IVV share 0 holdings out of 618 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, HDEF or IVV?
HDEF has an expense ratio of 0.09% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, HDEF or IVV?
Over the past year HDEF returned +18.58% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), HDEF annualized +5.52% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, HDEF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.7% for HDEF. Worst drawdown: HDEF -38.2% vs IVV -56.5%.
Should I hold both HDEF and IVV?
HDEF and IVV have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDEF and IVV?
HDEF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 618 unique securities.
Which pays a higher dividend, HDEF or IVV?
HDEF yields 3.68% while IVV yields 1.10%, so HDEF currently pays the higher dividend yield.
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