HFEQ vs IVV
Unlimited HFEQ Equity Long/Short ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HFEQ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HFEQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | |
| AUM | $19M | $907.0B | |
| Dividend Yield | 9.30% | 1.10% | |
| Holdings | 22 | 508 | |
| YTD Return | +16.15% | +12.71% | |
| 1Y Return | +31.11% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 16.1% | 15.1% | |
| Max Drawdown | -12.5% | -56.5% | |
| Fund Family | Unlimited Funds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2025 | May 15, 2000 |
HFEQ vs IVV Performance
Unlimited HFEQ Equity Long/Short ETF (HFEQ) is a ETF from Unlimited Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HFEQ returned +31.11% while IVV returned +21.89%. Year to date, HFEQ is up 16.15% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
HFEQ has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -12.5% for HFEQ 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFEQ charges 0.96% per year while IVV charges 0.03%. On a $10,000 position that is $96 vs $3 annually, a gap of $93 per year that compounds over a long holding period. On income, HFEQ currently yields 9.30% against 1.10% for IVV.
Holdings Overlap
HFEQ and IVV share 0 holdings out of 516 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, HFEQ or IVV?
HFEQ has an expense ratio of 0.96% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, HFEQ or IVV?
Over the past year HFEQ returned +31.11% vs +21.89% for IVV, so HFEQ leads on 1-year performance. Over the longest common window we track (1 years), HFEQ annualized +31.64% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HFEQ or IVV?
HFEQ has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: HFEQ -12.5% vs IVV -56.5%.
Should I hold both HFEQ and IVV?
HFEQ and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFEQ and IVV?
HFEQ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, HFEQ or IVV?
HFEQ yields 9.30% while IVV yields 1.10%, so HFEQ currently pays the higher dividend yield.
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