HGRO vs IVV
Hedgeye Quality Growth ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HGRO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $129M | $907.0B | |
| Dividend Yield | 0.07% | 1.10% | |
| Holdings | 51 | 508 | |
| YTD Return | +6.84% | +12.71% | |
| 1Y Return | +16.26% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 10.7% | 15.1% | |
| Max Drawdown | -7.6% | -56.5% | |
| Fund Family | Hedgeye Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 10, 2025 | May 15, 2000 |
HGRO vs IVV Performance
Hedgeye Quality Growth ETF (HGRO) is a ETF from Hedgeye Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HGRO returned +16.26% while IVV returned +21.89%. Year to date, HGRO is up 6.84% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.7% for HGRO. 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 -7.6% for HGRO 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HGRO charges 0.70% per year while IVV charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, HGRO currently yields 0.07% against 1.10% for IVV.
Holdings Overlap
HGRO and IVV share 36 holdings out of 517 unique holdings combined, representing a 39.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HGRO or IVV?
HGRO has an expense ratio of 0.70% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, HGRO or IVV?
Over the past year HGRO returned +16.26% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), HGRO annualized +17.85% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HGRO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.7% for HGRO. Worst drawdown: HGRO -7.6% vs IVV -56.5%.
Should I hold both HGRO and IVV?
HGRO and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HGRO and IVV?
HGRO and IVV share 36 common holdings with a 39.4% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, HGRO or IVV?
HGRO yields 0.07% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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