IVV vs SHYM
iShares Core S&P 500 ETF vs iShares Short Duration High Yield Muni Active ETF
Which is better, IVV or SHYM?
Large Cap Blend against Municipal 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 | SHYM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.40% |
| AUM | $876.4B | $820M |
| Dividend Yield | 1.06% | 4.36% |
| Holdings | 508 | 511 |
| YTD Return | +12.39%Best | -2.45% |
| 1Y Return | +16.61%Best | -1.81% |
| 3Y Return (annualized) | +21.38%Best | +0.91% |
| 5Y Return (annualized) | +13.51%Best | -4.09% |
| Volatility (annualized) | 15.3% | 9.0%Best |
| Max Drawdown | -24.5%Best | -26.4% |
| $10,000 over 5 years | $18,844Best | $8,116 |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Mar 16, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 19, 2021 to Sep 18, 2026 (5.5 years).
IVV vs SHYM 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 5.5 years both funds cover.
IVV vs SHYM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Short Duration High Yield Muni Active ETF (SHYM) is an ETF from BlackRock, Inc. (US). Over the past year IVV returned +16.61% while SHYM returned -1.81%. Year to date, IVV is up 12.39% versus a loss of 2.45% for SHYM.
Over three years, IVV compounded at +21.38% per year against +0.91% for SHYM; over five years the annualized figures are +13.51% and -4.09% respectively. Across the full 6-year window we track, IVV has the edge at +14.56% annualized vs -2.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -24.5% for IVV and -26.4% for SHYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 4.36% for SHYM.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 111 in SHYM, totalling 99.3% and 30.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 111 in SHYM, against full books of 508 and 511.
You are not choosing between two funds in isolation.
Whichever of IVV and SHYM 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 SHYM?
IVV has an expense ratio of 0.03% while SHYM charges 0.40%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, IVV or SHYM?
Over the past year IVV returned +16.61% vs -1.81% for SHYM, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +14.56% vs -2.67% for SHYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SHYM?
IVV has been the more volatile fund at 15.3% annualized versus 9.0% for SHYM. Worst drawdown: IVV -24.5% vs SHYM -26.4%.
Should I hold both IVV and SHYM?
IVV and SHYM have a monthly-return correlation of 0.70, 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 SHYM?
IVV yields 1.06% while SHYM yields 4.36%, so SHYM currently pays the higher dividend yield.
Is SHYM 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.