HYXF vs. IVV
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, HYXF returned 5.07%/yr vs 15.58%/yr for IVV. A 0.60 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.03%/yr for IVV.
Performance
HYXF vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.17% return, which is significantly lower than IVV's 8.20% return. Over the past 10 years, HYXF has underperformed IVV with an annualized return of 5.07%, while IVV has yielded a comparatively higher 15.58% annualized return.
HYXF
- 1D
- -0.02%
- 1M
- 0.64%
- YTD
- 1.17%
- 6M
- 1.41%
- 1Y
- 5.28%
- 3Y*
- 8.92%
- 5Y*
- 3.58%
- 10Y*
- 5.07%
IVV
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.20%
- 6M
- 7.25%
- 1Y
- 23.72%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.58%
HYXF vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.17% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
IVV iShares Core S&P 500 ETF | 8.20% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between HYXF and IVV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.60 |
The correlation between HYXF and IVV shifts across timeframes, from 0.60 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYXF vs. IVV — Risk / Return Rank
HYXF
IVV
HYXF vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYXF | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.68 | -0.62 |
| Martin ratioReturn relative to average drawdown | 9.22 | 11.98 | -2.76 |
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Drawdowns
HYXF vs. IVV - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for HYXF and IVV.
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Drawdown Indicators
| HYXF | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -55.25% | +36.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -8.89% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -18.75% | +13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -24.53% | +8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -33.90% | +15.15% |
Current DrawdownCurrent decline from peak | -0.25% | -3.14% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -10.76% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 1.99% | -1.42% |
Volatility
HYXF vs. IVV - Volatility Comparison
The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.14%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.88%. This indicates that HYXF experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 4.88% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 9.85% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 12.48% | -8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 16.98% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 18.07% | -9.76% |
HYXF vs. IVV - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
HYXF vs. IVV - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.08%, more than IVV's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.08% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.11% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
HYXF and IVV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.88%) compared to HYXF (1.14%). In terms of maximum drawdown, HYXF dropped -18.75% vs IVV's -55.25%.
On 10-year performance, IVV leads with 15.58% vs 5.07% for HYXF. On fees, IVV is cheaper at 0.03% per year. On volatility, HYXF has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IVV has performed better with a 15.58% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.35% for HYXF.
HYXF has the higher dividend yield at 6.08%, compared with 1.11% for IVV.
HYXF is categorized as High Yield Bonds, while IVV is S&P 500. HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while IVV tracks S&P 500 Index. Their fees differ too: 0.35% for HYXF and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (1.91 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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