HYGI vs IVV
iShares Inflation Hedged 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 505 holdings.
Side-by-Side Comparison
| Metric | HYGI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.03% | |
| AUM | $5M | $865.2B | |
| Dividend Yield | 4.89% | 1.09% | |
| Holdings | 51 | 508 | |
| YTD Return | +5.19% | +14.50% | |
| 1Y Return | +8.69% | +22.02% | |
| 3Y Return (annualized) | +7.58% | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 7.6% | 15.1% | |
| Max Drawdown | -9.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 22, 2022 | May 15, 2000 |
HYGI vs IVV Performance
iShares Inflation Hedged High Yield Bond ETF (HYGI) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYGI returned +8.69% while IVV returned +22.02%. Year to date, HYGI is up 5.19% versus a gain of 14.50% for IVV.
Over three years, HYGI compounded at +7.58% per year against +21.80% for IVV. Across the full 3-year window we track, HYGI has the edge at +8.44% annualized vs +7.07%. 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 7.6% for HYGI. 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 -9.7% for HYGI 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYGI charges 0.52% per year while IVV charges 0.03%. On a $10,000 position that is $52 vs $3 annually, a gap of $49 per year that compounds over a long holding period. On income, HYGI currently yields 4.89% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, HYGI or IVV?
HYGI has an expense ratio of 0.52% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, HYGI or IVV?
Over the past year HYGI returned +8.69% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), HYGI annualized +8.44% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, HYGI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.6% for HYGI. Worst drawdown: HYGI -9.7% vs IVV -56.5%.
Should I hold both HYGI and IVV?
HYGI and IVV have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, HYGI or IVV?
HYGI yields 4.89% while IVV yields 1.09%, so HYGI currently pays the higher dividend yield.
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