IVV vs SDHY
iShares Core S&P 500 ETF vs PGIM Short Duration High Yield Opportunities Fund
Which is better, IVV or SDHY?
Large Cap Blend against Short Term High Quality.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | SDHY |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.90% |
| AUM | $876.4B | $441M |
| Dividend Yield | 1.06% | 7.54% |
| Holdings | 508 | 572 |
| YTD Return | +11.51%Best | -1.54% |
| 1Y Return | +15.96%Best | -2.14% |
| 3Y Return (annualized) | +21.01%Best | +9.62% |
| 5Y Return (annualized) | +12.66%Best | +4.01% |
| Volatility (annualized) | 15.0% | 10.1%Best |
| Max Drawdown | -24.5% | -23.1%Best |
| $10,000 over 5 years | $18,149Best | $12,172 |
| Fund Family | iShares by BlackRock (US) | PGIM Investments |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term High Quality |
| Inception | May 15, 2000 | Nov 25, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 25, 2020 to Sep 15, 2026 (5.8 years).
IVV vs SDHY 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 5.8 years both funds cover.
IVV vs SDHY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PGIM Short Duration High Yield Opportunities Fund (SDHY) is an ETF from PGIM Investments. Over the past year IVV returned +15.96% while SDHY returned -2.14%. Year to date, IVV is up 11.51% versus a loss of 1.54% for SDHY.
Over three years, IVV compounded at +21.01% per year against +9.62% for SDHY; over five years the annualized figures are +12.66% and +4.01% respectively. Across the full 6-year window we track, IVV has the edge at +15.06% annualized vs +3.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 10.1% for SDHY. 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 -24.5% for IVV and -23.1% for SDHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SDHY charges 1.90%. On a $10,000 position that is $3 vs $190 annually, a gap of $187 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.54% for SDHY.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 456 in SDHY, totalling 99.3% and 83.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 213 days apart, IVV as of Aug 31, 2026 and SDHY as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 456 in SDHY, against full books of 508 and 572.
You are not choosing between two funds in isolation.
Whichever of IVV and SDHY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SDHY?
IVV has an expense ratio of 0.03% while SDHY charges 1.90%. IVV is the cheaper option, by $187 a year on a $10,000 investment.
Which performed better, IVV or SDHY?
Over the past year IVV returned +15.96% vs -2.14% for SDHY, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.06% vs +3.34% for SDHY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SDHY?
IVV has been the more volatile fund at 15.0% annualized versus 10.1% for SDHY. Worst drawdown: IVV -24.5% vs SDHY -23.1%.
Should I hold both IVV and SDHY?
IVV and SDHY have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SDHY?
IVV yields 1.06% while SDHY yields 7.54%, so SDHY currently pays the higher dividend yield.
Is SDHY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.