Which returned more over the last year, IVV or PHEQ?

In the year to Sep 19, 2026, with distributions reinvested, IVV returned +16.6% and PHEQ returned +11.6%, so IVV returned more.

Which is cheaper, IVV or PHEQ?

IVV charges 0.03% a year and PHEQ charges 0.29%, so IVV is cheaper. Fees come from each fund's prospectus.

Are IVV and PHEQ the same kind of fund?

No. IVV is an index ETF and PHEQ is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

IVV vs PHEQ: how they differ

Over the year IVV returned more, +16.6% to PHEQ's +11.6%, and IVV charges 0.03% to PHEQ's 0.29%.

iShares Core S&P 500 ETF and Parametric Hedged Equity ETF.

IVV and PHEQ on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	IVV iShares Core S&P 500 ETF	PHEQ Parametric Hedged Equity ETF
Where it sits	Core fund	Alternatives ETF
Issuer	iShares	Parametric
What it is	Tracks the S&P 500	Hedged equity
Total return, 1 year	+16.6%	+11.6%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	0.0 pts	−5.0 pts
Expense ratio	0.03%	0.29%
Holdings	508	not filed
Net assets	$846.6bn	$140m

IVV in plain words

IVV tracks the S&P 500. Over the year to Sep 18, 2026 it returned +16.6% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Sep 18, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 38.5%.

PHEQ in plain words

PHEQ is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.91 with the S&P 500’s and a beta of +0.42, so for each 1% the index moved it moved about 0.42% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks PHEQ fell 0.39% on average, a down-week capture of 31.7%. Over the same 52 weeks PHEQ returned +11.4% and a Treasury bill fund +3.6%, so it finished 7.8 percentage points ahead of cash.

Questions people ask

Which returned more over the last year, IVV or PHEQ?: In the year to Sep 19, 2026, with distributions reinvested, IVV returned +16.6% and PHEQ returned +11.6%, so IVV returned more.
Which is cheaper, IVV or PHEQ?: IVV charges 0.03% a year and PHEQ charges 0.29%, so IVV is cheaper. Fees come from each fund's prospectus.
Are IVV and PHEQ the same kind of fund?: No. IVV is an index ETF and PHEQ is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

IVV against PHEQ, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IVV against PHEQ, data as of Sep 19, 2026. https://etfiq.com/compare/any/ivv-vs-pheq Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources