HYZD vs IVV
WisdomTree Interest Rate Hedged High Yield Bond Fund 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 | HYZD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $273M | $907.0B | |
| Dividend Yield | 5.90% | 1.10% | |
| Holdings | 505 | 508 | |
| YTD Return | +3.85% | +12.71% | |
| 1Y Return | +6.95% | +21.89% | |
| 3Y Return (annualized) | +8.46% | +22.08% | |
| 5Y Return (annualized) | +6.31% | +12.96% | |
| Volatility (annualized) | 7.7% | 15.1% | |
| Max Drawdown | -33.1% | -56.5% | |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 18, 2013 | May 15, 2000 |
HYZD vs IVV Performance
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is a ETF from WisdomTree Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYZD returned +6.95% while IVV returned +21.89%. Year to date, HYZD is up 3.85% versus a gain of 12.71% for IVV.
Over three years, HYZD compounded at +8.46% per year against +22.08% for IVV; over five years the annualized figures are +6.31% and +12.96% respectively. Across the full 13-year window we track, IVV has the edge at +7.00% annualized vs +1.60%. 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 7.7% for HYZD. 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 -33.1% for HYZD 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
HYZD charges 0.43% per year while IVV charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, HYZD currently yields 5.90% against 1.10% for IVV.
Holdings Overlap
HYZD and IVV share 0 holdings out of 891 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, HYZD or IVV?
HYZD has an expense ratio of 0.43% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, HYZD or IVV?
Over the past year HYZD returned +6.95% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), HYZD annualized +1.60% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HYZD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.7% for HYZD. Worst drawdown: HYZD -33.1% vs IVV -56.5%.
Should I hold both HYZD and IVV?
HYZD 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 HYZD and IVV?
HYZD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 891 unique securities.
Which pays a higher dividend, HYZD or IVV?
HYZD yields 5.90% while IVV yields 1.10%, so HYZD currently pays the higher dividend yield.
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