IHYF vs SIHY
Invesco High Yield Bond Factor ETF vs Harbor Ares Systematic High Yield ETF
Which is better, IHYF or SIHY?
Nearly the same fund. IHYF costs less.
IHYF has a lower expense ratio. SIHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | IHYF | SIHY |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.48% |
| AUM | $134M | $135M |
| Dividend Yield | 6.50% | 7.16% |
| Holdings | 432 | 435 |
| Volatility (annualized) | 7.5%Best | 7.6% |
| Max Drawdown | -35.4% | -13.3%Best |
| $10,000 over 4.4 years | $11,684 | $12,395Best |
| Fund Family | Invesco (US) | Harbor Funds |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Nov 30, 2020 | Sep 14, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 237 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IHYF has data through Feb 20, 2026 and SIHY through Oct 15, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Sep 16, 2021 to Feb 20, 2026 (4.4 years).
Risk: Volatility and Drawdowns
SIHY has been the more volatile fund, with annualized monthly volatility of 7.6% compared with 7.5% for IHYF. 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 -35.4% for IHYF and -13.3% for SIHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IHYF charges 0.39% per year while SIHY charges 0.48%. On a $10,000 position that is $39 vs $48 annually, a gap of $9 per year that compounds over a long holding period. On income, IHYF currently yields 6.50% against 7.16% for SIHY.
Holdings Overlap
At least 9.2% of IHYF's money is in holdings SIHY also owns.
Stated as a floor: for SIHY, our book for it covers 69.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IHYF and SIHY share little of their money.
The two holdings books were reported 368 days apart, IHYF as of Sep 30, 2025 and SIHY as of Oct 3, 2026, so some of the difference between them is the time between the two reports rather than the funds.
38 positions in common, counted across the 396 positions we hold weights for in IHYF and 173 in SIHY, against full books of 432 and 435.
Top Shared Holdings
| Stock | Weight in IHYF | Weight in SIHY | Difference |
|---|---|---|---|
| PKOH 8.5 08/01/30 14Park-Ohio Indust 8.5% 08/01/30 8.5 2030-08-01 | 0.49% | 1.03% | 0.54% |
| VSCO 4.625 07/15/29 | 0.28% | 1.17% | 0.89% |
| SXC 4.875 06/30/29 1Suncoke Energy Inc 144A 4.88% Jun 30, 2029 | 0.68% | 0.52% | 0.16% |
| PBI 7.25 03/15/29 14Pitney Bowes Inc 144A 7.25% Mar 15, 2029 | 0.07% | 1.10% | 1.03% |
| WNC 4.5 10/15/28 144Wabash National Corp 4.5 10/15/2028 | 0.54% | 0.63% | 0.09% |
| EIX V8.125 06/15/53Edison International 8.13% | 0.45% | 0.71% | 0.26% |
| CODI 5.25 04/15/29 1Compass Group Diversified Holdings | 0.45% | 0.67% | 0.22% |
| PCG 5 07/01/28Pg&e Corp. 5.000000% 07/01/2028 | 0.46% | 0.63% | 0.17% |
| JBLU 9.875 09/20/31 | 0.32% | 0.57% | 0.25% |
| XRAY V8.375 09/12/55Dentsply Sirona Inc 8.375% 09/12/2055 | 0.40% | 0.38% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of IHYF and SIHY 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, IHYF or SIHY?
IHYF has an expense ratio of 0.39% while SIHY charges 0.48%. IHYF is the cheaper option, by $9 a year on a $10,000 investment.
Which is riskier, IHYF or SIHY?
SIHY has been the more volatile fund at 7.6% annualized versus 7.5% for IHYF. Worst drawdown: IHYF -35.4% vs SIHY -13.3%.
Should I hold both IHYF and SIHY?
IHYF and SIHY have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IHYF and SIHY?
At least 9.2% of IHYF's money is in holdings SIHY also owns. Our book for SIHY is partial, so the real figure is this or higher. They hold 38 positions in common, counted across the 396 positions we hold weights for in IHYF and 173 in SIHY.
Which pays a higher dividend, IHYF or SIHY?
IHYF yields 6.50% while SIHY yields 7.16%, so SIHY currently pays the higher dividend yield.
Is SIHY better than IHYF?
IHYF has a lower expense ratio. SIHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.