HYGW vs IVV
iShares High Yield Corporate Bond BuyWrite Strategy ETF vs iShares Core S&P 500 ETF
Which is better, HYGW or IVV?
High Yield Bond 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 | HYGW | IVV |
|---|---|---|
| Expense Ratio | 0.69% | 0.03%Best |
| AUM | $109M | $882.6B |
| Dividend Yield | 10.32% | 1.06% |
| Holdings | 8 | 508 |
| YTD Return | -6.13% | +14.98%Best |
| 1Y Return | -5.37% | +17.32%Best |
| 3Y Return (annualized) | +2.49% | +23.33%Best |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 3.9%Best | 14.1% |
| Max Drawdown | -7.1%Best | -18.8% |
| $10,000 over 4.1 years | $11,338 | $19,918Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Aug 18, 2022 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 22, 2022 to Oct 6, 2026 (4.1 years).
HYGW 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 4.1 years both funds cover.
HYGW vs IVV Performance
iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HYGW returned -5.37% while IVV returned +17.32%. Year to date, HYGW is down 6.13% versus a gain of 14.98% for IVV.
Over three years, HYGW compounded at +2.49% per year against +23.33% for IVV. Across the full 4-year window we track, IVV has the edge at +18.30% annualized vs +3.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.9% for HYGW. 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 -7.1% for HYGW 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HYGW charges 0.69% per year while IVV charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, HYGW currently yields 10.32% against 1.06% for IVV.
Holdings Overlap
At least 0.2% of IVV's money is in holdings HYGW also owns.
Stated as a floor: for HYGW, our book for it covers 100.0% 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 2 positions we hold weights for in HYGW and 505 in IVV, against full books of 8 and 508.
Top Shared Holdings
| Stock | Weight in HYGW | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.15% | 0.20% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of HYGW 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, HYGW or IVV?
HYGW has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, HYGW or IVV?
Over the past year HYGW returned -5.37% vs +17.32% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), HYGW annualized +3.11% vs +18.30% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYGW or IVV?
IVV has been the more volatile fund at 14.1% annualized versus 3.9% for HYGW. Worst drawdown: HYGW -7.1% vs IVV -18.8%.
Should I hold both HYGW and IVV?
HYGW and IVV have a monthly-return correlation of 0.69, 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, HYGW or IVV?
HYGW yields 10.32% while IVV yields 1.06%, so HYGW currently pays the higher dividend yield.
Is IVV better than HYGW?
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.