IBHL vs IVV
iShares iBonds 2032 Term High Yield and 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 | IBHL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $28M | $907.0B | |
| Dividend Yield | 6.32% | 1.10% | |
| Holdings | 218 | 508 | |
| YTD Return | -1.40% | +12.71% | |
| 1Y Return | +1.72% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 3.5% | 15.1% | |
| Max Drawdown | -3.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 25, 2025 | May 15, 2000 |
IBHL vs IVV Performance
iShares iBonds 2032 Term High Yield and Income ETF (IBHL) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IBHL returned +1.72% while IVV returned +21.89%. Year to date, IBHL is down 1.40% 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 3.5% for IBHL. 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 -3.7% for IBHL 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IBHL charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, IBHL currently yields 6.32% against 1.10% for IVV.
Holdings Overlap
IBHL and IVV share 1 holdings out of 679 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IBHL | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 1.10% | 0.15% | 0.95% |
Frequently Asked Questions
Which is cheaper, IBHL or IVV?
IBHL has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IBHL or IVV?
Over the past year IBHL returned +1.72% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IBHL annualized +4.48% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, IBHL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.5% for IBHL. Worst drawdown: IBHL -3.7% vs IVV -56.5%.
Should I hold both IBHL and IVV?
IBHL and IVV 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 IBHL and IVV?
IBHL and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 679 unique securities.
Which pays a higher dividend, IBHL or IVV?
IBHL yields 6.32% while IVV yields 1.10%, so IBHL currently pays the higher dividend yield.
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