IHYF vs VOO
Invesco High Yield Bond Factor ETF vs Vanguard S&P 500 ETF
Which is better, IHYF or VOO?
High Yield Bond against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. IHYF is less concentrated, with 6.1% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IHYF | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $134M | $997.4B |
| Dividend Yield | 6.50% | 1.04% |
| Holdings | 432 | 509 |
| Volatility (annualized) | 6.9%Best | 14.9% |
| Max Drawdown | -36.0% | -24.5%Best |
| $10,000 over 5.2 years | $12,361 | $20,174Best |
| Top 10 Weight | 6.1%Best | 36.4% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Nov 30, 2020 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 201 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IHYF has data through Feb 20, 2026 and VOO through Sep 9, 2026.
Volatility and max drawdown, and the $10,000 over 5.2 years row, are measured over the window both funds cover: Dec 3, 2020 to Feb 20, 2026 (5.2 years).
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.9% 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 1.04% for VOO.
Holdings Overlap
We hold position weights for 396 holdings in IHYF and 505 in VOO, totalling 96.3% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 273 days apart, IHYF as of Sep 30, 2025 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 396 positions we hold weights for in IHYF and 505 in VOO, against full books of 432 and 509.
What only one of them owns
Our book lists 495 positions for VOO that do not appear in our book for IHYF (99.4% of the fund), and 393 for IHYF that do not appear in VOO (96.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IHYF and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IHYF or VOO?
IHYF has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option, by $36 a year on a $10,000 investment.
Which is riskier, IHYF or VOO?
VOO has been the more volatile fund at 14.9% annualized versus 6.9% for IHYF. Worst drawdown: IHYF -36.0% vs VOO -24.5%.
Should I hold both IHYF and VOO?
IHYF and VOO have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IHYF or VOO?
IHYF yields 6.50% while VOO yields 1.04%, so IHYF currently pays the higher dividend yield.
Is VOO better than IHYF?
VOO has a lower expense ratio. VOO led over 1Y and the full window. IHYF is less concentrated, with 6.1% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.