IVV vs SHYG
iShares Core S&P 500 ETF vs iShares 0-5 Year High Yield Corporate Bond ETF
Which is better, IVV or SHYG?
Large Cap Blend against High Yield Bond.
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 | SHYG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.30% |
| AUM | $876.4B | $7.7B |
| Dividend Yield | 1.06% | 7.00% |
| Holdings | 508 | 1,165 |
| YTD Return | +12.01%Best | +1.95% |
| 1Y Return | +16.48%Best | +3.37% |
| 3Y Return (annualized) | +21.21%Best | +7.58% |
| 5Y Return (annualized) | +12.95%Best | +4.72% |
| Volatility (annualized) | 14.5% | 5.6%Best |
| Max Drawdown | -33.9% | -26.3%Best |
| $10,000 over 5 years | $18,384Best | $12,594 |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | High Yield Bond |
| Inception | May 15, 2000 | Oct 15, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 17, 2013 to Sep 14, 2026 (12.9 years).
IVV vs SHYG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs SHYG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +16.48% while SHYG returned +3.37%. Year to date, IVV is up 12.01% versus a gain of 1.95% for SHYG.
Over three years, IVV compounded at +21.21% per year against +7.58% for SHYG; over five years the annualized figures are +12.95% and +4.72% respectively. Across the full 13-year window we track, IVV has the edge at +12.81% annualized vs +1.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 5.6% for SHYG. 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 -33.9% for IVV and -26.3% for SHYG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SHYG charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.00% for SHYG.
Holdings Overlap
At least 0.1% of IVV's money is in holdings SHYG also owns.
Stated as a floor: for SHYG, our book for it covers 78.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 490 positions we hold weights for in IVV and 901 in SHYG, against full books of 508 and 1,165.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SHYG | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.15% | 1.80% | 1.65% |
You are not choosing between two funds in isolation.
Whichever of IVV and SHYG 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 SHYG?
IVV has an expense ratio of 0.03% while SHYG charges 0.30%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, IVV or SHYG?
Over the past year IVV returned +16.48% vs +3.37% for SHYG, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +12.81% vs +1.38% for SHYG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SHYG?
IVV has been the more volatile fund at 14.5% annualized versus 5.6% for SHYG. Worst drawdown: IVV -33.9% vs SHYG -26.3%.
Should I hold both IVV and SHYG?
IVV and SHYG have a monthly-return correlation of 0.78, 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 SHYG?
IVV yields 1.06% while SHYG yields 7.00%, so SHYG currently pays the higher dividend yield.
Is SHYG 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.