IVV vs IYH
iShares Core S&P 500 ETF vs iShares US Healthcare ETF
Quick Verdict
IVV has a lower expense ratio. IYH delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | IYH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.38% | |
| AUM | $907.0B | $3.7B | |
| Dividend Yield | 1.10% | 1.16% | |
| Holdings | 508 | 104 | |
| YTD Return | +12.28% | +12.29% | |
| 1Y Return | +20.94% | +27.73% | |
| 3Y Return (annualized) | +21.81% | +10.48% | |
| 5Y Return (annualized) | +13.05% | +5.71% | |
| Volatility (annualized) | 15.1% | 13.8% | |
| Max Drawdown | -56.5% | -43.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 12, 2000 |
IVV vs IYH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares US Healthcare ETF (IYH) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +20.94% while IYH returned +27.73%. Year to date, IVV is up 12.28% versus a gain of 12.29% for IYH.
Over three years, IVV compounded at +21.81% per year against +10.48% for IYH; over five years the annualized figures are +13.05% and +5.71% respectively. Across the full 26-year window we track, IYH has the edge at +7.19% annualized vs +6.98%. 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.10% against 1.16% for IYH.
Holdings Overlap
IVV and IYH share 56 holdings out of 550 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IVV or IYH?
Over the past year IVV returned +20.94% vs +27.73% for IYH, so IYH leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs +7.19% for IYH. Past performance does not guarantee future results.
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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IYH?
IVV and IYH share 56 common holdings with a 8.4% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, IVV or IYH?
IVV yields 1.10% while IYH yields 1.16%, so IYH currently pays the higher dividend yield.
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