HEDJ vs IVV
WisdomTree Europe Hedged Equity Fund 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 | HEDJ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $1.9B | $907.0B | |
| Dividend Yield | 1.78% | 1.10% | |
| Holdings | 133 | 508 | |
| YTD Return | +8.02% | +12.28% | |
| 1Y Return | +15.15% | +20.94% | |
| 3Y Return (annualized) | +15.11% | +21.81% | |
| 5Y Return (annualized) | +10.46% | +13.05% | |
| Volatility (annualized) | 15.5% | 15.1% | |
| Max Drawdown | -38.2% | -56.5% | |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 31, 2009 | May 15, 2000 |
HEDJ vs IVV Performance
WisdomTree Europe Hedged Equity Fund (HEDJ) is a ETF from WisdomTree Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HEDJ returned +15.15% while IVV returned +20.94%. Year to date, HEDJ is up 8.02% versus a gain of 12.28% for IVV.
Over three years, HEDJ compounded at +15.11% per year against +21.81% for IVV; over five years the annualized figures are +10.46% and +13.05% respectively. Across the full 17-year window we track, IVV has the edge at +6.98% annualized vs +6.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEDJ has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -38.2% for HEDJ 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEDJ charges 0.58% per year while IVV charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, HEDJ currently yields 1.78% against 1.10% for IVV.
Holdings Overlap
HEDJ and IVV share 0 holdings out of 635 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, HEDJ or IVV?
HEDJ has an expense ratio of 0.58% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, HEDJ or IVV?
Over the past year HEDJ returned +15.15% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (17 years), HEDJ annualized +6.42% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HEDJ or IVV?
HEDJ has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: HEDJ -38.2% vs IVV -56.5%.
Should I hold both HEDJ and IVV?
HEDJ and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HEDJ and IVV?
HEDJ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 635 unique securities.
Which pays a higher dividend, HEDJ or IVV?
HEDJ yields 1.78% while IVV yields 1.10%, so HEDJ currently pays the higher dividend yield.
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