HIMU vs IVV
iShares High Yield Muni Active 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 505 holdings.
Side-by-Side Comparison
| Metric | HIMU | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.03% | |
| AUM | $2.4B | $865.2B | |
| Dividend Yield | 5.08% | 1.09% | |
| Holdings | 909 | 508 | |
| YTD Return | -0.25% | +13.43% | |
| 1Y Return | +3.69% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 5.9% | 15.1% | |
| Max Drawdown | -8.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 7, 2025 | May 15, 2000 |
HIMU vs IVV Performance
iShares High Yield Muni Active ETF (HIMU) 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 HIMU returned +3.69% while IVV returned +22.61%. Year to date, HIMU is down 0.25% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.9% for HIMU. 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 -8.0% for HIMU 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HIMU charges 0.42% per year while IVV charges 0.03%. On a $10,000 position that is $42 vs $3 annually, a gap of $39 per year that compounds over a long holding period. On income, HIMU currently yields 5.08% against 1.09% for IVV.
Holdings Overlap
HIMU and IVV share 0 holdings out of 721 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, HIMU or IVV?
HIMU has an expense ratio of 0.42% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, HIMU or IVV?
Over the past year HIMU returned +3.69% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), HIMU annualized +0.33% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, HIMU or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.9% for HIMU. Worst drawdown: HIMU -8.0% vs IVV -56.5%.
Should I hold both HIMU and IVV?
HIMU and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIMU and IVV?
HIMU and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 721 unique securities.
Which pays a higher dividend, HIMU or IVV?
HIMU yields 5.08% while IVV yields 1.09%, so HIMU currently pays the higher dividend yield.
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