HECO vs IVV
State Street Galaxy Hedged Digital Asset Ecosystem ETF vs iShares Core S&P 500 ETF
Which is better, HECO or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. HECO led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 63.8%.
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 | HECO | IVV |
|---|---|---|
| Expense Ratio | 0.90% | 0.03%Best |
| AUM | $78M | $886.7B |
| Dividend Yield | 0.00% | 1.10% |
| Holdings | 55 | 508 |
| YTD Return | +51.69%Best | +13.86% |
| 1Y Return | +85.99%Best | +21.57% |
| 3Y Return (annualized) | - | +21.48% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 49.2% | 12.6%Best |
| Max Drawdown | -44.6% | -18.8%Best |
| $10,000 over 2 years | $26,319Best | $14,511 |
| Top 10 Weight | 63.8% | 37.9%Best |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Sep 9, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 10, 2024 to Sep 3, 2026 (2 years).
HECO 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 2 years both funds cover.
HECO vs IVV Performance
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is an ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HECO returned +85.99% while IVV returned +21.57%. Year to date, HECO is up 51.69% versus a gain of 13.86% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HECO has been the more volatile fund, with annualized monthly volatility of 49.2% compared with 12.6% 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 -44.6% for HECO 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HECO charges 0.90% per year while IVV charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, HECO currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
45.8% of HECO's money is in holdings IVV also owns. 21.5% of IVV's money is in holdings HECO also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 31 positions we hold weights for in HECO and 505 in IVV, against full books of 55 and 508.
What only one of them owns
Our book lists 480 positions for IVV that do not appear in our book for HECO (77.8% of the fund), and 11 for HECO that do not appear in IVV (50.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HECO | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.22% | 7.98% | 2.76% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.72% | 5.44% | 0.28% |
| JPMJpmorgan Chase | 4.54% | 1.45% | 3.09% |
| CRWDCrowdstrike Holdings Inc. Class A | 4.08% | 0.32% | 3.76% |
| PANWPalo Alto Networks, Inc | 3.59% | 0.44% | 3.15% |
| MUMicron Technology, Inc. | 2.26% | 1.51% | 0.75% |
| HOODRobinhood Markets Inc - A | 3.49% | 0.11% | 3.38% |
| VVisa Inc Class A | 2.06% | 0.92% | 1.14% |
| MAMastercard Inc | 2.05% | 0.69% | 1.36% |
| BLKBlackrock Inc | 2.34% | 0.25% | 2.09% |
45.8% of HECO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, HECO or IVV?
HECO has an expense ratio of 0.90% while IVV charges 0.03%. IVV is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, HECO or IVV?
Over the past year HECO returned +85.99% vs +21.57% for IVV, so HECO leads on 1-year performance. Over the longest common window we track (2 years), HECO annualized +62.23% vs +20.46% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HECO or IVV?
HECO has been the more volatile fund at 49.2% annualized versus 12.6% for IVV. Worst drawdown: HECO -44.6% vs IVV -18.8%.
Should I hold both HECO and IVV?
HECO and IVV have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HECO and IVV?
45.8% of HECO's money is in holdings IVV also owns. 21.5% of IVV's is in holdings HECO also owns. They hold 17 positions in common, counted across the 31 positions we hold weights for in HECO and 505 in IVV.
Which pays a higher dividend, HECO or IVV?
HECO yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than HECO?
IVV has a lower expense ratio. HECO led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 63.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.