FAAA vs IVV
Fidelity AAA CLO ETF vs iShares Core S&P 500 ETF
Quick Verdict
FAAA has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FAAA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $79M | $907.0B | |
| Dividend Yield | 2.40% | 1.10% | |
| Holdings | 59 | 508 | |
| YTD Return | +2.82% | +12.76% | |
| 1Y Return | - | +20.14% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +13.00% | |
| Volatility (annualized) | - | 15.1% | |
| Max Drawdown | -0.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 11, 2026 | May 15, 2000 |
FAAA vs IVV Performance
Fidelity AAA CLO ETF (FAAA) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Year to date, FAAA is up 2.82% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.6% for FAAA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FAAA charges 0.00% per year while IVV charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, FAAA currently yields 2.40% against 1.10% for IVV.
Holdings Overlap
FAAA and IVV share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FAAA or IVV?
FAAA has an expense ratio of 0.00% while IVV charges 0.03%. FAAA is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
What is the holdings overlap between FAAA and IVV?
FAAA and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, FAAA or IVV?
FAAA yields 2.40% while IVV yields 1.10%, so FAAA currently pays the higher dividend yield.
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