Combining "IF" formulas with "IFERROR" formulas

I am attempting to return a simple YES or NO if a company I have is in another sheet. I created a match formula in one column and in the adjacent column, I was hoping to do a simple IF statement to return the appropriate results. Due to the companies which did not return a match being populated with a #NO MATCH error, I am unable to use the simple IF statement. I then attempted to use a layered IF statement with the second function being an IF ERROR formula. I am having issues with that as well. My formula is below. Please let me know if I am missing something. 


=IF([Match Formula]2 > 0.5, "Yes", IFERROR([Match Formula]2, "No"))


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