HYTI vs IVV
FT Vest High Yield & Target Income 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 | HYTI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $91M | $907.0B | |
| Dividend Yield | 10.45% | 1.10% | |
| Holdings | 4 | 508 | |
| YTD Return | +2.74% | +12.71% | |
| 1Y Return | +5.56% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 2.6% | 15.1% | |
| Max Drawdown | -4.5% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 12, 2025 | May 15, 2000 |
HYTI vs IVV Performance
FT Vest High Yield & Target Income ETF (HYTI) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYTI returned +5.56% while IVV returned +21.89%. Year to date, HYTI is up 2.74% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.6% for HYTI. 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 -4.5% for HYTI 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYTI charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, HYTI currently yields 10.45% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, HYTI or IVV?
HYTI has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, HYTI or IVV?
Over the past year HYTI returned +5.56% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), HYTI annualized +6.49% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYTI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.6% for HYTI. Worst drawdown: HYTI -4.5% vs IVV -56.5%.
Should I hold both HYTI and IVV?
HYTI and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, HYTI or IVV?
HYTI yields 10.45% while IVV yields 1.10%, so HYTI currently pays the higher dividend yield.
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