HYFI vs IVV
AB High Yield ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. HYFI offers more diversification with 666 holdings.
Side-by-Side Comparison
| Metric | HYFI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $333M | $907.0B | |
| Dividend Yield | 6.67% | 1.10% | |
| Holdings | 666 | 508 | |
| YTD Return | +2.31% | +12.71% | |
| 1Y Return | +5.92% | +21.89% | |
| 3Y Return (annualized) | +9.04% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 4.5% | 15.1% | |
| Max Drawdown | -6.3% | -56.5% | |
| Fund Family | AllianceBernstein L.P. | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 15, 2023 | May 15, 2000 |
HYFI vs IVV Performance
AB High Yield ETF (HYFI) is a ETF from AllianceBernstein L.P. and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYFI returned +5.92% while IVV returned +21.89%. Year to date, HYFI is up 2.31% versus a gain of 12.71% for IVV.
Over three years, HYFI compounded at +9.04% per year against +22.08% for IVV. Across the full 3-year window we track, HYFI has the edge at +8.64% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -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 0.79. 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 1.10% for IVV.
Holdings Overlap
HYFI and IVV share 1 holdings out of 953 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 HYFI | Weight in IVV | Difference |
|---|---|---|---|
| C | 0.01% | 0.35% | 0.34% |
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. On a $10,000 investment, that is $37 per year of difference.
Which performed better, HYFI or IVV?
Over the past year HYFI returned +5.92% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), HYFI annualized +8.64% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYFI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for HYFI. Worst drawdown: HYFI -6.3% vs IVV -56.5%.
Should I hold both HYFI and IVV?
HYFI and IVV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYFI and IVV?
HYFI and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 953 unique securities.
Which pays a higher dividend, HYFI or IVV?
HYFI yields 6.67% while IVV yields 1.10%, so HYFI currently pays the higher dividend yield.
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