HYKE vs IVV
Vest 2 Year Interest Rate Hedge 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 | HYKE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.93% | 0.03% | |
| AUM | $1M | $907.0B | |
| Dividend Yield | 1.61% | 1.10% | |
| Holdings | 4 | 508 | |
| YTD Return | +8.40% | +12.71% | |
| 1Y Return | +6.59% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 17.3% | 15.1% | |
| Max Drawdown | -21.6% | -56.5% | |
| Fund Family | Vest | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 10, 2024 | May 15, 2000 |
HYKE vs IVV Performance
Vest 2 Year Interest Rate Hedge ETF (HYKE) is a ETF from Vest and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYKE returned +6.59% while IVV returned +21.89%. Year to date, HYKE is up 8.40% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
HYKE has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.1% for IVV. 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 -21.6% for HYKE 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 -0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYKE charges 0.93% per year while IVV charges 0.03%. On a $10,000 position that is $93 vs $3 annually, a gap of $90 per year that compounds over a long holding period. On income, HYKE currently yields 1.61% against 1.10% for IVV.
Holdings Overlap
HYKE and IVV share 0 holdings out of 506 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, HYKE or IVV?
HYKE has an expense ratio of 0.93% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, HYKE or IVV?
Over the past year HYKE returned +6.59% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), HYKE annualized +6.26% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYKE or IVV?
HYKE has been the more volatile fund at 17.3% annualized versus 15.1% for IVV. Worst drawdown: HYKE -21.6% vs IVV -56.5%.
Should I hold both HYKE and IVV?
HYKE and IVV have a monthly-return correlation of -0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYKE and IVV?
HYKE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HYKE or IVV?
HYKE yields 1.61% while IVV yields 1.10%, so HYKE currently pays the higher dividend yield.
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