HYGW vs VOO
iShares High Yield Corporate Bond BuyWrite Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | HYGW | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $112M | $997.4B | |
| Dividend Yield | 10.71% | 1.08% | |
| Holdings | 4 | 509 | |
| YTD Return | -3.18% | +12.68% | |
| 1Y Return | -0.79% | +21.87% | |
| 3Y Return (annualized) | +3.41% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 3.6% | 14.1% | |
| Max Drawdown | -5.5% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 18, 2022 | Sep 7, 2010 |
HYGW vs VOO Performance
iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HYGW returned -0.79% while VOO returned +21.87%. Year to date, HYGW is down 3.18% versus a gain of 12.68% for VOO.
Over three years, HYGW compounded at +3.41% per year against +22.06% for VOO. Across the full 4-year window we track, VOO has the edge at +13.47% annualized vs +4.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYGW charges 0.69% per year while VOO 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 1.08% for VOO.
Holdings Overlap
HYGW and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HYGW or VOO?
HYGW has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, HYGW or VOO?
Over the past year HYGW returned -0.79% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), HYGW annualized +4.01% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, HYGW or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.6% for HYGW. Worst drawdown: HYGW -5.5% vs VOO -34.3%.
Should I hold both HYGW and VOO?
HYGW and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYGW and VOO?
HYGW and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, HYGW or VOO?
HYGW yields 10.71% while VOO yields 1.08%, so HYGW currently pays the higher dividend yield.
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