HYHG vs IVV
ProShares High Yield-Interest Rate Hedged 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 | HYHG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $200M | $907.0B | |
| Dividend Yield | 6.74% | 1.10% | |
| Holdings | 241 | 508 | |
| YTD Return | +0.59% | +12.76% | |
| 1Y Return | +2.20% | +20.14% | |
| 3Y Return (annualized) | +7.12% | +21.69% | |
| 5Y Return (annualized) | +6.15% | +13.00% | |
| Volatility (annualized) | 7.3% | 15.1% | |
| Max Drawdown | -25.7% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 21, 2013 | May 15, 2000 |
HYHG vs IVV Performance
ProShares High Yield-Interest Rate Hedged ETF (HYHG) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYHG returned +2.20% while IVV returned +20.14%. Year to date, HYHG is up 0.59% versus a gain of 12.76% for IVV.
Over three years, HYHG compounded at +7.12% per year against +21.69% for IVV; over five years the annualized figures are +6.15% and +13.00% respectively. Across the full 13-year window we track, IVV has the edge at +6.99% annualized vs +3.84%. 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 7.3% for HYHG. 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 -25.7% for HYHG 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYHG charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, HYHG currently yields 6.74% against 1.10% for IVV.
Holdings Overlap
HYHG and IVV share 0 holdings out of 700 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, HYHG or IVV?
HYHG has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, HYHG or IVV?
Over the past year HYHG returned +2.20% vs +20.14% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), HYHG annualized +3.84% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, HYHG or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.3% for HYHG. Worst drawdown: HYHG -25.7% vs IVV -56.5%.
Should I hold both HYHG and IVV?
HYHG and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYHG and IVV?
HYHG and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 700 unique securities.
Which pays a higher dividend, HYHG or IVV?
HYHG yields 6.74% while IVV yields 1.10%, so HYHG currently pays the higher dividend yield.
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