FCLO vs IVV
Fidelity CLO ETF vs iShares Core S&P 500 ETF
Quick Verdict
FCLO has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FCLO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $31M | $907.0B | |
| Dividend Yield | 3.09% | 1.10% | |
| Holdings | 20 | 508 | |
| YTD Return | +3.36% | +13.51% | |
| 1Y Return | - | +20.65% | |
| 3Y Return (annualized) | - | +21.94% | |
| 5Y Return (annualized) | - | +12.95% | |
| 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 12, 2026 | May 15, 2000 |
FCLO vs IVV Performance
Fidelity CLO ETF (FCLO) 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, FCLO is up 3.36% versus a gain of 13.51% for IVV.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.6% for FCLO 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
FCLO 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, FCLO currently yields 3.09% against 1.10% for IVV.
Holdings Overlap
FCLO 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, FCLO or IVV?
FCLO has an expense ratio of 0.00% while IVV charges 0.03%. FCLO is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
What is the holdings overlap between FCLO and IVV?
FCLO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, FCLO or IVV?
FCLO yields 3.09% while IVV yields 1.10%, so FCLO currently pays the higher dividend yield.
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