IHVV invests in the 500 large US companies in the S&P 500, with the currency hedged back to Australian dollars. It charges 0.10% a year, has $4.3b invested and returned +15.4% over the past year. The most similar ETF is IVV, which overlaps with it by about 94%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from IHVV’s published holdings as at 30 October 2026.
Is it a good time to buy IHVV?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where IHVV stands right now.
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| Net flow, September | +$48m |
| Net flow, 2026 so far | +$733m |
| Average month in 2026 | +$81m |
Is the whole market risk on, caution or risk off this week? Members see it every Sunday, with the core ETF check-up.
🔒 See it free for 30 days →IHVV is in a base. Prices moving sideways can be a time to build a position gradually and watch which way the trend breaks. There’s no rush either way.
General information only, not a recommendation to buy or sell IHVV. Whether it suits you depends on your goals and the rest of your portfolio. Trend updated weekly; flows from the TMX Australia funds report (September 2026) and the Global X weekly market monitor. See every ETF’s trend in the ETF trend scanner, or read when to buy an ETF.
What is IHVV?
Index: S&P 500 Index (hedged into Australian dollars) · Issuer: iShares (BlackRock) · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 39% of IHVV.
| # | Company | Weight | |
|---|---|---|---|
| 1 | Apple IncInformation Technology | 7.70% | |
| 2 | NVIDIA CorpInformation Technology | 7.59% | |
| 3 | Microsoft CorpInformation Technology | 5.94% | |
| 4 | Alphabet (Google)Communication Services | 4.55% | |
| 5 | Amazon.com IncConsumer Discretionary | 3.61% | |
| 6 | Broadcom IncInformation Technology | 2.38% | |
| 7 | Meta Platforms IncCommunication Services | 2.08% | |
| 8 | Eli Lilly & CoHealth Care | 1.74% | |
| 9 | Tesla IncConsumer Discretionary | 1.73% | |
| 10 | Berkshire HathawayFinancials | 1.55% |
Sector breakdown
ETFs most similar to IHVV
How much each ETF’s holdings overlap with IHVV, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| IVViShares S&P 500 ETF | 94% | IHVV vs IVV → |
| UMAXBetashares S&P 500 Yield Maximiser Complex ETF | 94% | Compare in calculator → |
| UYLDGlobal X S&P 500 Covered Call Complex ETF | 93% | Compare in calculator → |
| SPYState Street SPDR S&P 500 ETF | 93% | Compare in calculator → |
| VTSVanguard Morningstar Us Total Mkt Shares Index ETF | 88% | Compare in calculator → |
| V5AHVanguard S&P 500 Us Shares Index (Hedged) ETF | 88% | Compare in calculator → |
Head to head: IVV vs IHVV · all comparisons
Check IHVV against your own ETFs →Core or satellite?
CORE US shares
IHVV is a core holding for US shares, often paired with unhedged IVV. Read more in core and satellite investing.
Read more: Hedged vs unhedged ETFs
IHVV FAQs
Is IHVV a good ETF?
IHVV gives low-cost hedged access to the S&P 500. It holds exactly the same companies as IVV; the only difference is currency. Whether it suits you depends on your goals and the rest of your portfolio.
What does IHVV invest in?
IHVV invests in the 500 large US companies in the S&P 500, with the currency hedged back to Australian dollars. Its largest holdings are Apple Inc, NVIDIA Corp, Microsoft Corp, and its biggest sector is information technology at about 39%.
What ETFs are similar to IHVV?
The ETFs with the most overlap with IHVV are IVV (about 94%) and UMAX (about 94%). Use the free ETF overlap calculator to check your own mix.
Should I own IHVV and IVV together?
Usually there is little point: their holdings overlap by about 94%, so owning both mostly doubles up.
Fee, size and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns, 5-year figure is cumulative. Holdings from iShares (BlackRock) as at 30 October 2026; sector split based on the holdings we can see, about 94% of the fund. Chart: TradingView. General information only, not a recommendation to buy or sell IHVV. Consider the PDS and TMD before investing.