HERZ vs IVV
Herzfeld Caribbean Basin Fund Inc 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 | HERZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.45% | 0.03% | |
| AUM | - | $907.0B | |
| Dividend Yield | - | 1.10% | |
| Holdings | 29 | 508 | |
| YTD Return | -25.05% | +12.28% | |
| 1Y Return | -10.66% | +20.94% | |
| 3Y Return (annualized) | -3.26% | +21.81% | |
| 5Y Return (annualized) | -2.22% | +13.05% | |
| Volatility (annualized) | 32.5% | 15.1% | |
| Max Drawdown | -84.7% | -56.5% | |
| Fund Family | Herzfeld-Cuba | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 20, 1994 | May 15, 2000 |
HERZ vs IVV Performance
Herzfeld Caribbean Basin Fund Inc (HERZ) is a ETF from Herzfeld-Cuba and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HERZ returned -10.66% while IVV returned +20.94%. Year to date, HERZ is down 25.05% versus a gain of 12.28% for IVV.
Over three years, HERZ compounded at -3.26% per year against +21.81% for IVV; over five years the annualized figures are -2.22% and +13.05% respectively. Across the full 26-year window we track, IVV has the edge at +6.98% annualized vs -0.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HERZ has been the more volatile fund, with annualized monthly volatility of 32.5% 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 -84.7% for HERZ 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HERZ charges 3.45% per year while IVV charges 0.03%. On a $10,000 position that is $345 vs $3 annually, a gap of $342 per year that compounds over a long holding period.
Holdings Overlap
HERZ and IVV share 0 holdings out of 524 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, HERZ or IVV?
HERZ has an expense ratio of 3.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $342 per year of difference.
Which performed better, HERZ or IVV?
Over the past year HERZ returned -10.66% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), HERZ annualized -0.25% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HERZ or IVV?
HERZ has been the more volatile fund at 32.5% annualized versus 15.1% for IVV. Worst drawdown: HERZ -84.7% vs IVV -56.5%.
Should I hold both HERZ and IVV?
HERZ and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HERZ and IVV?
HERZ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
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