HOOY vs IVV
YieldMax HOOD Option Income Strategy 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 | HOOY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.03% | |
| AUM | $132M | $907.0B | |
| Dividend Yield | 149.04% | 1.10% | |
| Holdings | 19 | 508 | |
| YTD Return | -7.68% | +12.71% | |
| 1Y Return | -7.01% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 53.4% | 15.1% | |
| Max Drawdown | -51.5% | -56.5% | |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | May 7, 2025 | May 15, 2000 |
HOOY vs IVV Performance
YieldMax HOOD Option Income Strategy ETF (HOOY) is a ETF from YieldMax ETF and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HOOY returned -7.01% while IVV returned +21.89%. Year to date, HOOY is down 7.68% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
HOOY has been the more volatile fund, with annualized monthly volatility of 53.4% 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 -51.5% for HOOY 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HOOY charges 0.99% per year while IVV charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, HOOY currently yields 149.04% against 1.10% for IVV.
Holdings Overlap
HOOY and IVV share 0 holdings out of 506 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, HOOY or IVV?
HOOY has an expense ratio of 0.99% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, HOOY or IVV?
Over the past year HOOY returned -7.01% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), HOOY annualized +40.29% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HOOY or IVV?
HOOY has been the more volatile fund at 53.4% annualized versus 15.1% for IVV. Worst drawdown: HOOY -51.5% vs IVV -56.5%.
Should I hold both HOOY and IVV?
HOOY and IVV have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HOOY and IVV?
HOOY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HOOY or IVV?
HOOY yields 149.04% while IVV yields 1.10%, so HOOY currently pays the higher dividend yield.
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