Data as of Oct 28, 2026.
HYG vs IVV: Differences, Returns & Fees
Over the year to Oct 28, 2026, HYG returned +1.3% to IVV's +13.7%; 0% of their weight is in the same names.
askIQ about this page
askIQ about HYG and IVV
Net assets on Oct 27, 2026: $17.5bn for iShares iBoxx $ High Yield Corporate Bond ETF and $885.1bn for iShares Core S&P 500 ETF.
Pair scorecard
IVV costs 0.46 points a year less; their one-year returns differ by 12.4 points; IVV is far larger, $885.1bn against $17.5bn.
| Measure | HYG | IVV |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.3% | +13.7% |
| Benchmark | ||
| What it tracks | Markit iBoxx USD Liquid High Yield Index | S&P 500 |
| Cost and size | ||
| Expense ratio | 0.49% | 0.03% |
| Net assets, as of Oct 27, 2026 | $17.5bn | $885.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 20, 2007 to Oct 23, 2026 · 1,018 weekly returnsEach against its own benchmark: HYG against IUSB, Jun 20, 2014 to Oct 23, 2026; IVV against SPY, May 26, 2000 to Oct 23, 2026.
IVV returned more: +636.4% to +148.8%. HYG swung less: 11.1% to 17.9%. HYG fell less at its worst: −33.0% to −54.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | HYG | IVV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +148.8% | +636.4% | IVV | Price change plus distributions, reinvested. |
| Annualized | +4.8% | +10.7% | IVV | Total return as a yearly rate. |
| Price return | −26.2% | +413.0% | IVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 11.1% | 17.9% | HYG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.1% | 12.6% | HYG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.0% | −54.7% | HYG | Deepest fall from a high to the low after it. |
| Upside capture | 62.1% | 99.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 48.4% | 99.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.31 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.34 | 0.57 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.46 | 0.81 | IVV | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.019 | 0.081 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.14 | 0.20 | IVV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IUSB | SPY | The ETF each fund is measured against. | |
| Alpha | +1.9% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.87 | 0.33 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.4% to +6.1% | −0.4% to +0.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.25 | 0.00 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.6% | 1.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,018 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYG and IVV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
HYG and IVV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HYG and IVV do different jobs. What does each one do in a portfolio?
- What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and IVV follows S&P 500.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HYG returned +1.3% and IVV +13.7% with distributions reinvested, a gap of 12.4 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.
IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, HYG or IVV?
- In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and IVV +13.7%.
- Which is cheaper, HYG or IVV?
- IVV is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, HYG against IVV, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-ivv
ETFIQ. (Oct 28, 2026). HYG against IVV. Retrieved from https://etfiq.com/compare/any/hyg-vs-ivv
[HYG against IVV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hyg-vs-ivv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.