IHD vs SPY
Voya Emerging Markets High Dividend Equity Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IHD delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IHD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.77% | 0.09% | |
| AUM | $108M | $789.1B | |
| Dividend Yield | 8.24% | 1.01% | |
| Holdings | 627 | 505 | |
| YTD Return | +21.60% | +13.39% | |
| 1Y Return | +36.96% | +22.52% | |
| 3Y Return (annualized) | +26.40% | +21.36% | |
| 5Y Return (annualized) | +11.75% | +13.19% | |
| Volatility (annualized) | 19.4% | 15.3% | |
| Max Drawdown | -76.8% | -56.5% | |
| Fund Family | Voya Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 26, 2011 | Jan 22, 1993 |
IHD vs SPY Performance
Voya Emerging Markets High Dividend Equity Fund (IHD) is a ETF from Voya Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IHD returned +36.96% while SPY returned +22.52%. Year to date, IHD is up 21.60% versus a gain of 13.39% for SPY.
Over three years, IHD compounded at +26.40% per year against +21.36% for SPY; over five years the annualized figures are +11.75% and +13.19% respectively. Across the full 15-year window we track, SPY has the edge at +8.84% annualized vs -2.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IHD has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 15.3% for SPY. 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 -76.8% for IHD and -56.5% for SPY. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IHD charges 0.77% per year while SPY charges 0.09%. On a $10,000 position that is $77 vs $9 annually, a gap of $68 per year that compounds over a long holding period. On income, IHD currently yields 8.24% against 1.01% for SPY.
Holdings Overlap
IHD and SPY share 0 holdings out of 809 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, IHD or SPY?
IHD has an expense ratio of 0.77% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, IHD or SPY?
Over the past year IHD returned +36.96% vs +22.52% for SPY, so IHD leads on 1-year performance. Over the longest common window we track (15 years), IHD annualized -2.47% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, IHD or SPY?
IHD has been the more volatile fund at 19.4% annualized versus 15.3% for SPY. Worst drawdown: IHD -76.8% vs SPY -56.5%.
Should I hold both IHD and SPY?
IHD and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IHD and SPY?
IHD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 809 unique securities.
Which pays a higher dividend, IHD or SPY?
IHD yields 8.24% while SPY yields 1.01%, so IHD currently pays the higher dividend yield.
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