FBL vs IVV
GraniteShares 2x Long META Daily 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 505 holdings.
Side-by-Side Comparison
| Metric | FBL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.03% | |
| AUM | $177M | $865.2B | |
| Dividend Yield | 3.22% | 1.09% | |
| Holdings | 2 | 508 | |
| YTD Return | -29.24% | +13.80% | |
| 1Y Return | -52.49% | +23.01% | |
| 3Y Return (annualized) | +21.22% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 64.5% | 15.1% | |
| Max Drawdown | -63.2% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2022 | May 15, 2000 |
FBL vs IVV Performance
GraniteShares 2x Long META Daily ETF (FBL) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FBL returned -52.49% while IVV returned +23.01%. Year to date, FBL is down 29.24% versus a gain of 13.80% for IVV.
Over three years, FBL compounded at +21.22% per year against +21.77% for IVV. Across the full 4-year window we track, FBL has the edge at +66.10% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBL has been the more volatile fund, with annualized monthly volatility of 64.5% 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 -63.2% for FBL 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBL charges 1.09% per year while IVV charges 0.03%. On a $10,000 position that is $109 vs $3 annually, a gap of $106 per year that compounds over a long holding period. On income, FBL currently yields 3.22% against 1.09% for IVV.
Holdings Overlap
FBL and IVV share 1 holdings out of 505 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FBL | Weight in IVV | Difference |
|---|---|---|---|
| NUVL | 66.64% | 0.62% | 66.02% |
Frequently Asked Questions
Which is cheaper, FBL or IVV?
FBL has an expense ratio of 1.09% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $106 per year of difference.
Which performed better, FBL or IVV?
Over the past year FBL returned -52.49% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FBL annualized +66.10% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FBL or IVV?
FBL has been the more volatile fund at 64.5% annualized versus 15.1% for IVV. Worst drawdown: FBL -63.2% vs IVV -56.5%.
Should I hold both FBL and IVV?
FBL and IVV have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBL and IVV?
FBL and IVV share 1 common holdings with a 0.6% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, FBL or IVV?
FBL yields 3.22% while IVV yields 1.09%, so FBL currently pays the higher dividend yield.
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