IVV vs SHYM
iShares Core S&P 500 ETF vs iShares Short Duration High Yield Muni Active ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SHYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $799M | |
| Dividend Yield | 1.09% | 4.28% | |
| Holdings | 508 | 421 | |
| YTD Return | +14.50% | -0.18% | |
| 1Y Return | +22.02% | +2.16% | |
| 3Y Return (annualized) | +21.80% | +1.19% | |
| 5Y Return (annualized) | +13.37% | -3.69% | |
| Volatility (annualized) | 15.1% | 9.0% | |
| Max Drawdown | -56.5% | -26.4% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 16, 2021 |
IVV vs SHYM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Short Duration High Yield Muni Active ETF (SHYM) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +22.02% while SHYM returned +2.16%. Year to date, IVV is up 14.50% versus a loss of 0.18% for SHYM.
Over three years, IVV compounded at +21.80% per year against +1.19% for SHYM; over five years the annualized figures are +13.37% and -3.69% respectively. Across the full 5-year window we track, IVV has the edge at +7.07% annualized vs -2.30%. 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 9.0% for SHYM. 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 -26.4% for SHYM. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SHYM 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 4.28% for SHYM.
Holdings Overlap
IVV and SHYM share 0 holdings out of 619 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 SHYM?
IVV has an expense ratio of 0.03% while SHYM charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or SHYM?
Over the past year IVV returned +22.02% vs +2.16% for SHYM, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.07% vs -2.30% for SHYM. Past performance does not guarantee future results.
Which is riskier, IVV or SHYM?
IVV has been the more volatile fund at 15.1% annualized versus 9.0% for SHYM. Worst drawdown: IVV -56.5% vs SHYM -26.4%.
Should I hold both IVV and SHYM?
IVV and SHYM have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SHYM?
IVV and SHYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 619 unique securities.
Which pays a higher dividend, IVV or SHYM?
IVV yields 1.09% while SHYM yields 4.28%, so SHYM currently pays the higher dividend yield.
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