FBDC vs IVV
FT Confluence BDC & Specialty Finance Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FBDC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 13.69% | 0.03% | |
| AUM | $36M | $907.0B | |
| Dividend Yield | 13.39% | 1.10% | |
| Holdings | 22 | 508 | |
| YTD Return | -2.87% | +12.96% | |
| 1Y Return | -6.45% | +20.70% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 16.5% | 15.1% | |
| Max Drawdown | -20.6% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 25, 2007 | May 15, 2000 |
FBDC vs IVV Performance
FT Confluence BDC & Specialty Finance Income ETF (FBDC) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FBDC returned -6.45% while IVV returned +20.70%. Year to date, FBDC is down 2.87% versus a gain of 12.96% for IVV.
Risk: Volatility and Drawdowns
FBDC has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 15.1% for IVV. 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 -20.6% for FBDC and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBDC charges 13.69% per year while IVV charges 0.03%. On a $10,000 position that is $1369 vs $3 annually, a gap of $1366 per year that compounds over a long holding period. On income, FBDC currently yields 13.39% against 1.10% for IVV.
Holdings Overlap
FBDC and IVV share 0 holdings out of 525 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, FBDC or IVV?
FBDC has an expense ratio of 13.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $1366 per year of difference.
Which performed better, FBDC or IVV?
Over the past year FBDC returned -6.45% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), FBDC annualized -4.20% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, FBDC or IVV?
FBDC has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: FBDC -20.6% vs IVV -56.5%.
Should I hold both FBDC and IVV?
FBDC and IVV have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBDC and IVV?
FBDC and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, FBDC or IVV?
FBDC yields 13.39% while IVV yields 1.10%, so FBDC currently pays the higher dividend yield.
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