HERZ vs IVV
Herzfeld Caribbean Basin Fund Inc vs iShares Core S&P 500 ETF
Which is better, HERZ or IVV?
Mid Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | HERZ | IVV |
|---|---|---|
| Expense Ratio | 3.45% | 0.03%Best |
| AUM | - | $876.4B |
| Dividend Yield | - | 1.06% |
| Holdings | 29 | 508 |
| YTD Return | -22.19% | +11.57%Best |
| 1Y Return | -5.35% | +17.57%Best |
| 3Y Return (annualized) | +0.93% | +20.71%Best |
| 5Y Return (annualized) | -3.25% | +12.80%Best |
| Volatility (annualized) | 31.5% | 15.1%Best |
| Max Drawdown | -84.7% | -56.5%Best |
| $10,000 over 5 years | $8,477 | $18,262Best |
| Fund Family | Herzfeld-Cuba | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | May 20, 1994 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 10, 2026 (26.3 years).
HERZ 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 26.3 years both funds cover.
HERZ vs IVV Performance
Herzfeld Caribbean Basin Fund Inc (HERZ) is an ETF from Herzfeld-Cuba and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HERZ returned -5.35% while IVV returned +17.57%. Year to date, HERZ is down 22.19% versus a gain of 11.57% for IVV.
Over three years, HERZ compounded at +0.93% per year against +20.71% for IVV; over five years the annualized figures are -3.25% and +12.80% respectively. Across the full 26-year window we track, IVV has the edge at +6.94% annualized vs +0.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HERZ has been the more volatile fund, with annualized monthly volatility of 31.5% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
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
We hold position weights for 19 holdings in HERZ and 505 in IVV, totalling 89.4% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 217 days apart, HERZ as of Dec 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.
0 positions in common, counted across the 19 positions we hold weights for in HERZ and 505 in IVV, against full books of 29 and 508.
You are not choosing between two funds in isolation.
Whichever of HERZ 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, HERZ or IVV?
HERZ has an expense ratio of 3.45% while IVV charges 0.03%. IVV is the cheaper option, by $342 a year on a $10,000 investment.
Which performed better, HERZ or IVV?
Over the past year HERZ returned -5.35% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), HERZ annualized +0.45% vs +6.94% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HERZ or IVV?
HERZ has been the more volatile fund at 31.5% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Is IVV better than HERZ?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.