IHYF vs IVV
Invesco High Yield Bond Factor 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 | IHYF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $134M | $907.0B | |
| Dividend Yield | 6.50% | 1.10% | |
| Holdings | 432 | 508 | |
| YTD Return | +0.48% | +12.28% | |
| 1Y Return | +6.48% | +20.94% | |
| 3Y Return (annualized) | +9.19% | +21.81% | |
| 5Y Return (annualized) | +3.88% | +13.05% | |
| Volatility (annualized) | 6.9% | 15.1% | |
| Max Drawdown | -36.0% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 30, 2020 | May 15, 2000 |
IHYF vs IVV Performance
Invesco High Yield Bond Factor ETF (IHYF) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IHYF returned +6.48% while IVV returned +20.94%. Year to date, IHYF is up 0.48% versus a gain of 12.28% for IVV.
Over three years, IHYF compounded at +9.19% per year against +21.81% for IVV; over five years the annualized figures are +3.88% and +13.05% respectively. Across the full 5-year window we track, IVV has the edge at +6.98% annualized vs +4.16%. 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 6.9% for IHYF. 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 -36.0% for IHYF 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IHYF charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, IHYF currently yields 6.50% against 1.10% for IVV.
Holdings Overlap
IHYF and IVV share 0 holdings out of 901 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, IHYF or IVV?
IHYF has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IHYF or IVV?
Over the past year IHYF returned +6.48% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IHYF annualized +4.16% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, IHYF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.9% for IHYF. Worst drawdown: IHYF -36.0% vs IVV -56.5%.
Should I hold both IHYF and IVV?
IHYF and IVV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IHYF and IVV?
IHYF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 901 unique securities.
Which pays a higher dividend, IHYF or IVV?
IHYF yields 6.50% while IVV yields 1.10%, so IHYF currently pays the higher dividend yield.
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