HEZU vs IVV
iShares Currency Hedged MSCI Eurozone ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HEZU delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HEZU | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.03% | |
| AUM | $591M | $907.0B | |
| Dividend Yield | 2.56% | 1.10% | |
| Holdings | 233 | 508 | |
| YTD Return | +15.64% | +14.29% | |
| 1Y Return | +25.16% | +21.79% | |
| 3Y Return (annualized) | +20.54% | +22.19% | |
| 5Y Return (annualized) | +13.16% | +13.28% | |
| Volatility (annualized) | 15.9% | 15.1% | |
| Max Drawdown | -38.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 9, 2014 | May 15, 2000 |
HEZU vs IVV Performance
iShares Currency Hedged MSCI Eurozone ETF (HEZU) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HEZU returned +25.16% while IVV returned +21.79%. Year to date, HEZU is up 15.64% versus a gain of 14.29% for IVV.
Over three years, HEZU compounded at +20.54% per year against +22.19% for IVV; over five years the annualized figures are +13.16% and +13.28% respectively. Across the full 12-year window we track, HEZU has the edge at +9.39% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEZU has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -38.8% for HEZU 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEZU charges 0.53% per year while IVV charges 0.03%. On a $10,000 position that is $53 vs $3 annually, a gap of $50 per year that compounds over a long holding period. On income, HEZU currently yields 2.56% against 1.10% for IVV.
Holdings Overlap
HEZU and IVV share 0 holdings out of 518 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, HEZU or IVV?
HEZU has an expense ratio of 0.53% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, HEZU or IVV?
Over the past year HEZU returned +25.16% vs +21.79% for IVV, so HEZU leads on 1-year performance. Over the longest common window we track (12 years), HEZU annualized +9.39% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, HEZU or IVV?
HEZU has been the more volatile fund at 15.9% annualized versus 15.1% for IVV. Worst drawdown: HEZU -38.8% vs IVV -56.5%.
Should I hold both HEZU and IVV?
HEZU and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HEZU and IVV?
HEZU and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, HEZU or IVV?
HEZU yields 2.56% while IVV yields 1.10%, so HEZU currently pays the higher dividend yield.
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