IVV vs PAYR
iShares Core S&P 500 ETF vs Federated Hermes Enhanced Income ETF
Which is better, IVV or PAYR?
Large Cap Blend against Allocation/Balanced.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | IVV | PAYR |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.40% |
| AUM | $896.5B | $82M |
| Dividend Yield | 1.10% | 8.32% |
| Holdings | 508 | 55 |
| YTD Return | +13.59%Best | +6.04% |
| 1Y Return | +17.54%Best | +9.06% |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 13.2% | 12.7%Best |
| Max Drawdown | -8.9% | -8.8%Best |
| $10,000 over 1 years | $11,538Best | $10,927 |
| Fund Family | iShares by BlackRock (US) | Federated Hermes Funds |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Allocation/Balanced |
| Inception | May 15, 2000 | Oct 7, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 8, 2025 to Oct 14, 2026 (1 years).
IVV vs PAYR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
IVV vs PAYR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Federated Hermes Enhanced Income ETF (PAYR) is an ETF from Federated Hermes Funds. Over the past year IVV returned +17.54% while PAYR returned +9.06%. Year to date, IVV is up 13.59% versus a gain of 6.04% for PAYR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.7% for PAYR. 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 -8.9% for IVV and -8.8% for PAYR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.07. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while PAYR charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 8.32% for PAYR.
Holdings Overlap
At least 4.1% of IVV's money is in holdings PAYR also owns.
Stated as a floor: for PAYR, our book for it covers 91.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and PAYR share little of their money.
32 positions in common, counted across the 506 positions we hold weights for in IVV and 46 in PAYR, against full books of 508 and 55.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PAYR | Difference |
|---|---|---|---|
| USBUS Bancorp | 0.14% | 3.96% | 3.82% |
| VZVerizon Communic | 0.29% | 3.49% | 3.20% |
| PAYXPaychex, Inc. | 0.05% | 3.56% | 3.51% |
| PFEPfizer Inc | 0.24% | 2.86% | 2.62% |
| PLDPrologis Inc | 0.18% | 2.66% | 2.48% |
| RFRegions Financia | 0.03% | 2.79% | 2.76% |
| PEPPepsico Inc. | 0.26% | 2.47% | 2.21% |
| PNCPnc Financial Services Group Inc. | 0.13% | 2.56% | 2.43% |
| KIMKimco Realty Corp. | 0.02% | 2.63% | 2.61% |
| FEFirstenergy Corp | 0.03% | 2.58% | 2.55% |
You are not choosing between two funds in isolation.
Whichever of IVV and PAYR 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, IVV or PAYR?
IVV has an expense ratio of 0.03% while PAYR charges 0.40%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, IVV or PAYR?
Over the past year IVV returned +17.54% vs +9.06% for PAYR, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +15.38% vs +9.27% for PAYR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PAYR?
IVV has been the more volatile fund at 13.2% annualized versus 12.7% for PAYR. Worst drawdown: IVV -8.9% vs PAYR -8.8%.
Should I hold both IVV and PAYR?
IVV and PAYR have a monthly-return correlation of 0.07, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PAYR?
At least 4.1% of IVV's money is in holdings PAYR also owns. Our book for PAYR is partial, so the real figure is this or higher. They hold 32 positions in common, counted across the 506 positions we hold weights for in IVV and 46 in PAYR.
Which pays a higher dividend, IVV or PAYR?
IVV yields 1.10% while PAYR yields 8.32%, so PAYR currently pays the higher dividend yield.
Is PAYR better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.