IVV vs PAYR
iShares Core S&P 500 ETF vs Federated Hermes Enhanced Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PAYR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $57M | |
| Dividend Yield | 1.09% | 6.04% | |
| Holdings | 508 | 59 | |
| YTD Return | +13.43% | +9.06% | |
| 1Y Return | +22.61% | - | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -7.3% | |
| Fund Family | iShares by BlackRock (US) | Federated Hermes Funds | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Oct 7, 2025 |
IVV vs PAYR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Federated Hermes Enhanced Income ETF (PAYR) is a ETF from Federated Hermes Funds. Year to date, IVV is up 13.43% versus a gain of 9.06% for PAYR.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -7.3% for PAYR. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while PAYR charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.04% for PAYR.
Holdings Overlap
IVV and PAYR share 32 holdings out of 521 unique holdings combined, representing a 5.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PAYR?
IVV has an expense ratio of 0.03% while PAYR charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
What is the holdings overlap between IVV and PAYR?
IVV and PAYR share 32 common holdings with a 5.4% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, IVV or PAYR?
IVV yields 1.09% while PAYR yields 6.04%, so PAYR currently pays the higher dividend yield.
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