IVV vs IYH
iShares Core S&P 500 ETF vs iShares US Healthcare ETF
Which is better, IVV or IYH?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y and 5Y, IYH over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.4%.
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 | IVV | IYH |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.38% |
| AUM | $876.4B | $3.9B |
| Dividend Yield | 1.06% | 1.11% |
| Holdings | 508 | 104 |
| YTD Return | +12.39%Best | +9.80% |
| 1Y Return | +16.61% | +24.40%Best |
| 3Y Return (annualized) | +21.38%Best | +10.11% |
| 5Y Return (annualized) | +13.51%Best | +5.86% |
| Volatility (annualized) | 15.1% | 13.8%Best |
| Max Drawdown | -56.5% | -43.5%Best |
| $10,000 over 5 years | $18,844Best | $13,294 |
| Top 10 Weight | 37.8%Best | 58.4% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 12, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2000 to Sep 18, 2026 (26.3 years).
IVV vs IYH growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
IVV vs IYH Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares US Healthcare ETF (IYH) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +16.61% while IYH returned +24.40%. Year to date, IVV is up 12.39% versus a gain of 9.80% for IYH.
Over three years, IVV compounded at +21.38% per year against +10.11% for IYH; over five years the annualized figures are +13.51% and +5.86% respectively. Across the full 26-year window we track, IYH has the edge at +7.08% annualized vs +6.80%.
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 13.8% for IYH. 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 -56.5% for IVV and -43.5% for IYH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
IVV charges 0.03% per year while IYH charges 0.38%. On a $10,000 position that is $3 vs $38 annually, a gap of $35 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.11% for IYH.
Holdings Overlap
8.6% of IVV's money is in holdings IYH also owns. 88.3% of IYH's money is in holdings IVV also owns.
Most of IYH is already inside IVV. Owning both mostly buys the same companies twice.
52 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in IYH, against full books of 508 and 104.
What only one of them owns
Our book lists 46 positions for IYH that do not appear in our book for IVV (10.9% of the fund), and 432 for IVV that do not appear in IYH (90.0%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IYH | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 1.38% | 14.45% | 13.07% |
| JNJJohnson & Johnson - Common | 0.97% | 10.02% | 9.05% |
| ABBVAbbvie Inc. | 0.68% | 7.10% | 6.42% |
| MRKMerck & Company Inc | 0.55% | 5.72% | 5.17% |
| UNHUnitedhealth Group Incorporated | 0.53% | 5.50% | 4.97% |
| AMGNAmgen Inc. | 0.35% | 3.63% | 3.28% |
| TMOThermo Fisherscientific Inc. | 0.35% | 3.59% | 3.24% |
| ABTAbbott Laboratories | 0.29% | 2.99% | 2.70% |
| GILDGilead Sciences | 0.27% | 2.84% | 2.57% |
| PFEPfizer Inc | 0.24% | 2.53% | 2.29% |
88.3% of IYH is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or IYH?
IVV has an expense ratio of 0.03% while IYH charges 0.38%. IVV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, IVV or IYH?
Over the past year IVV returned +16.61% vs +24.40% for IYH, so IYH leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.80% vs +7.08% for IYH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYH?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for IYH. Worst drawdown: IVV -56.5% vs IYH -43.5%.
Should I hold both IVV and IYH?
IVV and IYH have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and IYH?
88.3% of IYH's money is in holdings IVV also owns. 88.3% of IYH's is in holdings IVV also owns. They hold 52 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in IYH.
Which pays a higher dividend, IVV or IYH?
IVV yields 1.06% while IYH yields 1.11%, so IYH currently pays the higher dividend yield.
Is IYH better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and 5Y, IYH over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.