HFXI vs IVV
NYLI FTSE International Equity Currency Neutral ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | HFXI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $2.1B | $907.0B | |
| Dividend Yield | 3.39% | 1.10% | |
| Holdings | 876 | 508 | |
| YTD Return | +17.30% | +12.71% | |
| 1Y Return | +29.54% | +21.89% | |
| 3Y Return (annualized) | +21.69% | +22.08% | |
| 5Y Return (annualized) | +12.45% | +12.96% | |
| Volatility (annualized) | 13.8% | 15.1% | |
| Max Drawdown | -34.2% | -56.5% | |
| Fund Family | INDEXIQ ETF TRUST | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2015 | May 15, 2000 |
HFXI vs IVV Performance
NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HFXI returned +29.54% while IVV returned +21.89%. Year to date, HFXI is up 17.30% versus a gain of 12.71% for IVV.
Over three years, HFXI compounded at +21.69% per year against +22.08% for IVV; over five years the annualized figures are +12.45% and +12.96% respectively. Across the full 11-year window we track, HFXI has the edge at +7.92% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.8% for HFXI. 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 -34.2% for HFXI 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFXI charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, HFXI currently yields 3.39% against 1.10% for IVV.
Holdings Overlap
HFXI and IVV share 0 holdings out of 1247 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, HFXI or IVV?
HFXI has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, HFXI or IVV?
Over the past year HFXI returned +29.54% vs +21.89% for IVV, so HFXI leads on 1-year performance. Over the longest common window we track (11 years), HFXI annualized +7.92% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HFXI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for HFXI. Worst drawdown: HFXI -34.2% vs IVV -56.5%.
Should I hold both HFXI and IVV?
HFXI and IVV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFXI and IVV?
HFXI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1247 unique securities.
Which pays a higher dividend, HFXI or IVV?
HFXI yields 3.39% while IVV yields 1.10%, so HFXI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.