HFXI vs IVV
NYLIM FTSE International Equity Currency Neutral ETF vs iShares Core S&P 500 ETF
Which is better, HFXI or IVV?
Each has led over a different period.
IVV has a lower expense ratio. HFXI led over 1Y, IVV over 3Y, 5Y and the full window. HFXI is less concentrated, with 16.3% of the fund in its ten largest positions against 37.9%.
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 | HFXI | IVV |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $2.2B | $876.4B |
| Dividend Yield | 3.27% | 1.06% |
| Holdings | 946 | 508 |
| YTD Return | +16.10%Best | +12.51% |
| 1Y Return | +26.40%Best | +17.57% |
| 3Y Return (annualized) | +20.51% | +21.27%Best |
| 5Y Return (annualized) | +11.78% | +12.95%Best |
| Volatility (annualized) | 13.8%Best | 15.3% |
| Max Drawdown | -34.2% | -33.9%Best |
| $10,000 over 5 years | $17,451 | $18,384Best |
| Top 10 Weight | 16.3%Best | 37.9% |
| Fund Family | New York Life Investments | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 22, 2015 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jul 22, 2015 to Sep 11, 2026 (11.1 years).
HFXI 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 11.1 years both funds cover.
HFXI vs IVV Performance
NYLIM FTSE International Equity Currency Neutral ETF (HFXI) is an ETF from New York Life Investments and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HFXI returned +26.40% while IVV returned +17.57%. Year to date, HFXI is up 16.10% versus a gain of 12.51% for IVV.
Over three years, HFXI compounded at +20.51% per year against +21.27% for IVV; over five years the annualized figures are +11.78% and +12.95% respectively. Across the full 11-year window we track, IVV has the edge at +12.99% annualized vs +7.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -33.9% 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 0.85. 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 3.27% against 1.06% for IVV.
Holdings Overlap
0.1% of HFXI's money is in holdings IVV also owns. 0.1% of IVV's money is in holdings HFXI also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 742 positions we hold weights for in HFXI and 505 in IVV, against full books of 946 and 508.
What only one of them owns
Our book lists 495 positions for IVV that do not appear in our book for HFXI (99.3% of the fund), and 23 for HFXI that do not appear in IVV (8.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HFXI | Weight in IVV | Difference |
|---|---|---|---|
| UMG:ASUniversal Music Group N.V. Universal Music Group N V | 0.09% | 0.06% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of HFXI 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, HFXI or IVV?
HFXI has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, HFXI or IVV?
Over the past year HFXI returned +26.40% vs +17.57% for IVV, so HFXI leads on 1-year performance. Over the longest common window we track (11 years), HFXI annualized +7.78% vs +12.99% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFXI or IVV?
IVV has been the more volatile fund at 15.3% annualized versus 13.8% for HFXI. Worst drawdown: HFXI -34.2% vs IVV -33.9%.
Should I hold both HFXI and IVV?
HFXI and IVV have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HFXI or IVV?
HFXI yields 3.27% while IVV yields 1.06%, so HFXI currently pays the higher dividend yield.
Is IVV better than HFXI?
IVV has a lower expense ratio. HFXI led over 1Y, IVV over 3Y, 5Y and the full window. HFXI is less concentrated, with 16.3% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.