HYFI vs IVV
AB High Yield ETF vs iShares Core S&P 500 ETF
Which is better, HYFI or IVV?
Long Term High Quality against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HYFI | IVV |
|---|---|---|
| Expense Ratio | 0.40% | 0.03%Best |
| AUM | $336M | $876.4B |
| Dividend Yield | 6.67% | 1.06% |
| Holdings | 666 | 508 |
| YTD Return | +0.96% | +11.57%Best |
| 1Y Return | +3.11% | +17.57%Best |
| 3Y Return (annualized) | +8.14% | +20.71%Best |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 4.5%Best | 12.8% |
| Max Drawdown | -6.3%Best | -18.8% |
| $10,000 over 3.3 years | $12,915 | $19,082Best |
| Fund Family | AllianceBernstein L.P. | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Long Term High Quality | Large Cap Blend |
| Inception | May 15, 2023 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: May 15, 2023 to Sep 10, 2026 (3.3 years).
HYFI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
HYFI vs IVV Performance
AB High Yield ETF (HYFI) is an ETF from AllianceBernstein L.P. and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HYFI returned +3.11% while IVV returned +17.57%. Year to date, HYFI is up 0.96% versus a gain of 11.57% for IVV.
Over three years, HYFI compounded at +8.14% per year against +20.71% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 4.5% for HYFI. 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 -6.3% for HYFI and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYFI charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, HYFI currently yields 6.67% against 1.06% for IVV.
Holdings Overlap
At least 0.3% of IVV's money is in holdings HYFI also owns.
Stated as a floor: for HYFI, our book for it covers 73.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 436 positions we hold weights for in HYFI and 505 in IVV, against full books of 666 and 508.
Top Shared Holdings
| Stock | Weight in HYFI | Weight in IVV | Difference |
|---|---|---|---|
| CCitigroup Inc V/R /Perp | 0.01% | 0.35% | 0.34% |
You are not choosing between two funds in isolation.
Whichever of HYFI and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HYFI or IVV?
HYFI has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, HYFI or IVV?
Over the past year HYFI returned +3.11% vs +17.57% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYFI or IVV?
IVV has been the more volatile fund at 12.8% annualized versus 4.5% for HYFI. Worst drawdown: HYFI -6.3% vs IVV -18.8%.
Should I hold both HYFI and IVV?
HYFI and IVV have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYFI or IVV?
HYFI yields 6.67% while IVV yields 1.06%, so HYFI currently pays the higher dividend yield.
Is IVV better than HYFI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.