HYBX vs IVV
TCW High Yield 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 508 holdings.
Side-by-Side Comparison
| Metric | HYBX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | - | $907.0B | |
| Dividend Yield | 7.83% | 1.10% | |
| Holdings | 307 | 508 | |
| YTD Return | +2.77% | +12.71% | |
| 1Y Return | +6.12% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 2.7% | 15.1% | |
| Max Drawdown | -3.9% | -56.5% | |
| Fund Family | TCW ETFs | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 1, 1989 | May 15, 2000 |
HYBX vs IVV Performance
TCW High Yield Bond ETF (HYBX) is a ETF from TCW ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYBX returned +6.12% while IVV returned +21.89%. Year to date, HYBX is up 2.77% 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 2.7% for HYBX. 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 -3.9% for HYBX 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBX charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, HYBX currently yields 7.83% against 1.10% for IVV.
Holdings Overlap
HYBX and IVV share 1 holdings out of 723 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HYBX | Weight in IVV | Difference |
|---|---|---|---|
| CNP | 0.76% | 0.04% | 0.72% |
Frequently Asked Questions
Which is cheaper, HYBX or IVV?
HYBX has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, HYBX or IVV?
Over the past year HYBX returned +6.12% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), HYBX annualized +5.51% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYBX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.7% for HYBX. Worst drawdown: HYBX -3.9% vs IVV -56.5%.
Should I hold both HYBX and IVV?
HYBX and IVV have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBX and IVV?
HYBX and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 723 unique securities.
Which pays a higher dividend, HYBX or IVV?
HYBX yields 7.83% while IVV yields 1.10%, so HYBX currently pays the higher dividend yield.
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