HYGW vs IVV
iShares High Yield Corporate Bond BuyWrite Strategy 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 | HYGW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $112M | $907.0B | |
| Dividend Yield | 10.71% | 1.10% | |
| Holdings | 4 | 508 | |
| YTD Return | -3.18% | +12.71% | |
| 1Y Return | -0.79% | +21.89% | |
| 3Y Return (annualized) | +3.41% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 3.6% | 15.1% | |
| Max Drawdown | -5.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 18, 2022 | May 15, 2000 |
HYGW vs IVV Performance
iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) 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 HYGW returned -0.79% while IVV returned +21.89%. Year to date, HYGW is down 3.18% versus a gain of 12.71% for IVV.
Over three years, HYGW compounded at +3.41% per year against +22.08% for IVV. Across the full 4-year window we track, IVV has the edge at +7.00% annualized vs +4.01%. 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 3.6% 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 -5.5% for HYGW 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
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 10.71% against 1.10% for IVV.
Holdings Overlap
HYGW and IVV share 1 holdings out of 506 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HYGW | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.16% | 0.15% | 0.01% |
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. On a $10,000 investment, that is $66 per year of difference.
Which performed better, HYGW or IVV?
Over the past year HYGW returned -0.79% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), HYGW annualized +4.01% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYGW or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.6% for HYGW. Worst drawdown: HYGW -5.5% vs IVV -56.5%.
Should I hold both HYGW and IVV?
HYGW 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 HYGW and IVV?
HYGW and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HYGW or IVV?
HYGW yields 10.71% while IVV yields 1.10%, so HYGW currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.