FCFY vs IVV
First Trust S&P 500 Diversified Free Cash Flow 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 | FCFY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $1M | $865.2B | |
| Dividend Yield | 1.42% | 1.09% | |
| Holdings | 102 | 508 | |
| YTD Return | +9.14% | +13.43% | |
| 1Y Return | +21.16% | +22.61% | |
| 3Y Return (annualized) | +16.56% | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 15.2% | 15.1% | |
| Max Drawdown | -21.4% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 23, 2023 | May 15, 2000 |
FCFY vs IVV Performance
First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) 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 FCFY returned +21.16% while IVV returned +22.61%. Year to date, FCFY is up 9.14% versus a gain of 13.43% for IVV.
Over three years, FCFY compounded at +16.56% per year against +21.47% for IVV. Across the full 3-year window we track, FCFY has the edge at +16.56% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCFY has been the more volatile fund, with annualized monthly volatility of 15.2% 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 -21.4% for FCFY 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCFY charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, FCFY currently yields 1.42% against 1.09% for IVV.
Holdings Overlap
FCFY and IVV share 99 holdings out of 505 unique holdings combined, representing a 6.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCFY or IVV?
FCFY has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, FCFY or IVV?
Over the past year FCFY returned +21.16% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), FCFY annualized +16.56% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FCFY or IVV?
FCFY has been the more volatile fund at 15.2% annualized versus 15.1% for IVV. Worst drawdown: FCFY -21.4% vs IVV -56.5%.
Should I hold both FCFY and IVV?
FCFY and IVV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCFY and IVV?
FCFY and IVV share 99 common holdings with a 6.8% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, FCFY or IVV?
FCFY yields 1.42% while IVV yields 1.09%, so FCFY currently pays the higher dividend yield.
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