HEJD vs IVV
VictoryShares Hedged Equity Income ETF vs iShares Core S&P 500 ETF
Which is better, HEJD or IVV?
All Cap Blend against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | HEJD | IVV |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $38M | $876.4B |
| Dividend Yield | 4.26% | 1.06% |
| Holdings | 204 | 508 |
| Volatility (annualized) | 4.5%Best | 10.3% |
| Max Drawdown | -10.3%Best | -18.8% |
| $10,000 over 1.6 years | $11,495 | $12,808Best |
| Fund Family | Victory Capital Management Inc. | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Jul 10, 2024 | May 15, 2000 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 225 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HEJD has data through Jan 29, 2026 and IVV through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jul 11, 2024 to Jan 29, 2026 (1.6 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 10.3% compared with 4.5% for HEJD. 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 -10.3% for HEJD 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HEJD charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, HEJD currently yields 4.26% against 1.06% for IVV.
Holdings Overlap
At least 8.7% of IVV's money is in holdings HEJD also owns.
Stated as a floor: for HEJD, our book for it covers 89.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and HEJD share little of their money.
The two holdings books were reported 278 days apart, HEJD as of Oct 31, 2025 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
64 positions in common, counted across the 199 positions we hold weights for in HEJD and 505 in IVV, against full books of 204 and 508.
Top Shared Holdings
| Stock | Weight in HEJD | Weight in IVV | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 1.67% | 0.48% | 1.19% |
| PEPPepsico Inc. | 1.79% | 0.29% | 1.50% |
| VZVerizon Communications, Inc. | 1.55% | 0.29% | 1.26% |
| MOAltria Group Inc. | 1.50% | 0.17% | 1.33% |
| TAt&t, Inc. | 1.30% | 0.24% | 1.06% |
| EVRGEvergy Inc. | 1.46% | 0.03% | 1.43% |
| GISGeneral Mills Inc. | 1.45% | 0.03% | 1.42% |
| AMCRAmcor | 1.38% | 0.03% | 1.35% |
| PNWPinnacle West Capital Corp. | 1.37% | 0.02% | 1.35% |
| KMIKinder Morgan Inc./de | 1.27% | 0.09% | 1.18% |
You are not choosing between two funds in isolation.
Whichever of HEJD and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEJD or IVV?
HEJD has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option, by $52 a year on a $10,000 investment.
Which is riskier, HEJD or IVV?
IVV has been the more volatile fund at 10.3% annualized versus 4.5% for HEJD. Worst drawdown: HEJD -10.3% vs IVV -18.8%.
Should I hold both HEJD and IVV?
HEJD and IVV have a monthly-return correlation of 0.66, 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 HEJD and IVV?
At least 8.7% of IVV's money is in holdings HEJD also owns. Our book for HEJD is partial, so the real figure is this or higher. They hold 64 positions in common, counted across the 199 positions we hold weights for in HEJD and 505 in IVV.
Which pays a higher dividend, HEJD or IVV?
HEJD yields 4.26% while IVV yields 1.06%, so HEJD currently pays the higher dividend yield.
Is IVV better than HEJD?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.