HYBI vs IVV
NEOS Enhanced Income Credit Select 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 | HYBI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.03% | |
| AUM | $223M | $907.0B | |
| Dividend Yield | 8.32% | 1.10% | |
| Holdings | 11 | 508 | |
| YTD Return | +2.50% | +12.71% | |
| 1Y Return | +5.85% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 3.1% | 15.1% | |
| Max Drawdown | -4.0% | -56.5% | |
| Fund Family | NEOS | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2024 | May 15, 2000 |
HYBI vs IVV Performance
NEOS Enhanced Income Credit Select ETF (HYBI) is a ETF from NEOS and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYBI returned +5.85% while IVV returned +21.89%. Year to date, HYBI is up 2.50% 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 3.1% for HYBI. 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 -4.0% for HYBI 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBI charges 0.68% per year while IVV charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, HYBI currently yields 8.32% against 1.10% for IVV.
Holdings Overlap
HYBI and IVV share 0 holdings out of 508 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, HYBI or IVV?
HYBI has an expense ratio of 0.68% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, HYBI or IVV?
Over the past year HYBI returned +5.85% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), HYBI annualized +6.42% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYBI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.1% for HYBI. Worst drawdown: HYBI -4.0% vs IVV -56.5%.
Should I hold both HYBI and IVV?
HYBI and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBI and IVV?
HYBI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, HYBI or IVV?
HYBI yields 8.32% while IVV yields 1.10%, so HYBI currently pays the higher dividend yield.
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