HTAX vs IVV
Nomura National High-Yield Municipal Bond 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 | HTAX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $58M | $865.2B | |
| Dividend Yield | 4.51% | 1.09% | |
| Holdings | 201 | 508 | |
| YTD Return | +3.40% | +13.72% | |
| 1Y Return | +9.37% | +21.64% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 6.1% | 15.1% | |
| Max Drawdown | -6.1% | -56.5% | |
| Fund Family | Nomura Asset Management Co Ltd | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 5, 2025 | May 15, 2000 |
HTAX vs IVV Performance
Nomura National High-Yield Municipal Bond ETF (HTAX) is a ETF from Nomura Asset Management Co Ltd and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HTAX returned +9.37% while IVV returned +21.64%. Year to date, HTAX is up 3.40% versus a gain of 13.72% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.1% for HTAX. 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 -6.1% for HTAX 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HTAX charges 0.49% per year while IVV charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, HTAX currently yields 4.51% against 1.09% for IVV.
Holdings Overlap
HTAX and IVV share 0 holdings out of 589 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, HTAX or IVV?
HTAX has an expense ratio of 0.49% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, HTAX or IVV?
Over the past year HTAX returned +9.37% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), HTAX annualized +3.41% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, HTAX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.1% for HTAX. Worst drawdown: HTAX -6.1% vs IVV -56.5%.
Should I hold both HTAX and IVV?
HTAX and IVV have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HTAX and IVV?
HTAX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 589 unique securities.
Which pays a higher dividend, HTAX or IVV?
HTAX yields 4.51% while IVV yields 1.09%, so HTAX 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.