IVV vs QHY
iShares Core S&P 500 ETF vs WisdomTree US High Yield Corporate Bond Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QHY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.38% | |
| AUM | $907.0B | $243M | |
| Dividend Yield | 1.10% | 6.28% | |
| Holdings | 508 | 506 | |
| YTD Return | +12.71% | -1.29% | |
| 1Y Return | +21.89% | +1.45% | |
| 3Y Return (annualized) | +22.08% | +6.77% | |
| 5Y Return (annualized) | +12.96% | +2.31% | |
| Volatility (annualized) | 15.1% | 7.8% | |
| Max Drawdown | -56.5% | -42.4% | |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 27, 2016 |
IVV vs QHY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and WisdomTree US High Yield Corporate Bond Fund (QHY) is a ETF from WisdomTree Investments. Over the past year IVV returned +21.89% while QHY returned +1.45%. Year to date, IVV is up 12.71% versus a loss of 1.29% for QHY.
Over three years, IVV compounded at +22.08% per year against +6.77% for QHY; over five years the annualized figures are +12.96% and +2.31% respectively. Across the full 10-year window we track, IVV has the edge at +7.00% annualized vs +4.56%. 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 7.8% for QHY. 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 -42.4% for QHY. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QHY 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 6.28% for QHY.
Holdings Overlap
IVV and QHY share 0 holdings out of 506 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, IVV or QHY?
IVV has an expense ratio of 0.03% while QHY 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 QHY?
Over the past year IVV returned +21.89% vs +1.45% for QHY, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.00% vs +4.56% for QHY. Past performance does not guarantee future results.
Which is riskier, IVV or QHY?
IVV has been the more volatile fund at 15.1% annualized versus 7.8% for QHY. Worst drawdown: IVV -56.5% vs QHY -42.4%.
Should I hold both IVV and QHY?
IVV and QHY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QHY?
IVV and QHY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or QHY?
IVV yields 1.10% while QHY yields 6.28%, so QHY currently pays the higher dividend yield.
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