IQHI vs VOO
NYLI MacKay High Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | IQHI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.03% | |
| AUM | $113M | $997.4B | |
| Dividend Yield | 8.03% | 1.08% | |
| Holdings | 350 | 509 | |
| YTD Return | +2.74% | +12.68% | |
| 1Y Return | +6.30% | +21.87% | |
| 3Y Return (annualized) | +7.99% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 4.9% | 14.1% | |
| Max Drawdown | -4.7% | -34.3% | |
| Fund Family | New York Life Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 24, 2022 | Sep 7, 2010 |
IQHI vs VOO Performance
NYLI MacKay High Income ETF (IQHI) is a ETF from New York Life Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IQHI returned +6.30% while VOO returned +21.87%. Year to date, IQHI is up 2.74% versus a gain of 12.68% for VOO.
Over three years, IQHI compounded at +7.99% per year against +22.06% for VOO. Across the full 4-year window we track, VOO has the edge at +13.47% annualized vs +8.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.9% for IQHI. 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 -4.7% for IQHI and -34.3% for VOO. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IQHI charges 0.41% per year while VOO charges 0.03%. On a $10,000 position that is $41 vs $3 annually, a gap of $38 per year that compounds over a long holding period. On income, IQHI currently yields 8.03% against 1.08% for VOO.
Holdings Overlap
IQHI and VOO share 0 holdings out of 769 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, IQHI or VOO?
IQHI has an expense ratio of 0.41% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, IQHI or VOO?
Over the past year IQHI returned +6.30% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), IQHI annualized +8.37% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, IQHI or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.9% for IQHI. Worst drawdown: IQHI -4.7% vs VOO -34.3%.
Should I hold both IQHI and VOO?
IQHI and VOO have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IQHI and VOO?
IQHI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 769 unique securities.
Which pays a higher dividend, IQHI or VOO?
IQHI yields 8.03% while VOO yields 1.08%, so IQHI currently pays the higher dividend yield.
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