IVV vs UNIY
iShares Core S&P 500 ETF vs WisdomTree Voya Yield Enhanced USD Universal Bond Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. UNIY offers more diversification with 6,627 holdings.
Side-by-Side Comparison
| Metric | IVV | UNIY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $907.0B | $1.3B | |
| Dividend Yield | 1.10% | 4.89% | |
| Holdings | 508 | 6,627 | |
| YTD Return | +12.71% | -0.11% | |
| 1Y Return | +21.89% | +2.57% | |
| 3Y Return (annualized) | +22.08% | +5.01% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 5.2% | |
| Max Drawdown | -56.5% | -6.3% | |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 7, 2023 |
IVV vs UNIY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) is a ETF from WisdomTree Investments. Over the past year IVV returned +21.89% while UNIY returned +2.57%. Year to date, IVV is up 12.71% versus a loss of 0.11% for UNIY.
Over three years, IVV compounded at +22.08% per year against +5.01% for UNIY. Across the full 4-year window we track, IVV has the edge at +7.00% annualized vs +3.63%. 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 5.2% for UNIY. 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 -6.3% for UNIY. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while UNIY charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.89% for UNIY.
Holdings Overlap
IVV and UNIY share 0 holdings out of 540 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 UNIY?
IVV has an expense ratio of 0.03% while UNIY charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or UNIY?
Over the past year IVV returned +21.89% vs +2.57% for UNIY, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.00% vs +3.63% for UNIY. Past performance does not guarantee future results.
Which is riskier, IVV or UNIY?
IVV has been the more volatile fund at 15.1% annualized versus 5.2% for UNIY. Worst drawdown: IVV -56.5% vs UNIY -6.3%.
Should I hold both IVV and UNIY?
IVV and UNIY have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UNIY?
IVV and UNIY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, IVV or UNIY?
IVV yields 1.10% while UNIY yields 4.89%, so UNIY currently pays the higher dividend yield.
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