HECO vs IVV
State Street Galaxy Hedged Digital Asset Ecosystem ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HECO delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HECO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $82M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 150 | 508 | |
| YTD Return | +49.08% | +14.50% | |
| 1Y Return | +83.07% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 50.0% | 15.1% | |
| Max Drawdown | -44.6% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 9, 2024 | May 15, 2000 |
HECO vs IVV Performance
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is a ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HECO returned +83.07% while IVV returned +22.02%. Year to date, HECO is up 49.08% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
HECO has been the more volatile fund, with annualized monthly volatility of 50.0% 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 -44.6% for HECO 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 0.80. 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 1.09% for IVV.
Holdings Overlap
HECO and IVV share 17 holdings out of 520 unique holdings combined, representing a 16.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $87 per year of difference.
Which performed better, HECO or IVV?
Over the past year HECO returned +83.07% vs +22.02% for IVV, so HECO leads on 1-year performance. Over the longest common window we track (2 years), HECO annualized +63.12% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, HECO or IVV?
HECO has been the more volatile fund at 50.0% annualized versus 15.1% for IVV. Worst drawdown: HECO -44.6% vs IVV -56.5%.
Should I hold both HECO and IVV?
HECO and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HECO and IVV?
HECO and IVV share 17 common holdings with a 16.5% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, HECO or IVV?
HECO yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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