FCPI vs IVV
Fidelity Stocks for Inflation ETF vs iShares Core S&P 500 ETF
Which is better, FCPI or IVV?
Each has led over a different period.
IVV has a lower expense ratio. FCPI led over 5Y, IVV over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FCPI | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $270M | $876.4B |
| Dividend Yield | 1.54% | 1.06% |
| Holdings | 105 | 508 |
| YTD Return | +13.36%Best | +11.57% |
| 1Y Return | +15.28% | +17.57%Best |
| 3Y Return (annualized) | +20.49% | +20.71%Best |
| 5Y Return (annualized) | +14.26%Best | +12.80% |
| Volatility (annualized) | 16.9%Tie | 16.9%Tie |
| Max Drawdown | -37.3% | -33.9%Best |
| $10,000 over 5 years | $19,475Best | $18,262 |
| Top 10 Weight | 39.4% | 37.9%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 5, 2019 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 10, 2026 (6.8 years).
FCPI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.8 years both funds cover.
FCPI vs IVV Performance
Fidelity Stocks for Inflation ETF (FCPI) is an ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FCPI returned +15.28% while IVV returned +17.57%. Year to date, FCPI is up 13.36% versus a gain of 11.57% for IVV.
Over three years, FCPI compounded at +20.49% per year against +20.71% for IVV; over five years the annualized figures are +14.26% and +12.80% respectively. Across the full 7-year window we track, IVV has the edge at +15.32% annualized vs +14.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCPI and IVV have been equally volatile, both at 16.9% annualized.
The deepest peak-to-trough decline in our data was -37.3% for FCPI and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FCPI charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FCPI currently yields 1.54% against 1.06% for IVV.
Holdings Overlap
76.2% of FCPI's money is in holdings IVV also owns. 43.9% of IVV's money is in holdings FCPI also owns.
Most of FCPI is already inside IVV. Owning both mostly buys the same companies twice.
66 positions in common, counted across the 98 positions we hold weights for in FCPI and 505 in IVV, against full books of 105 and 508.
What only one of them owns
Our book lists 429 positions for IVV that do not appear in our book for FCPI (55.4% of the fund), and 31 for FCPI that do not appear in IVV (22.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FCPI | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.33% | 7.98% | 1.65% |
| AAPLApple, Inc | 5.66% | 6.86% | 1.20% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.63% | 5.44% | 0.81% |
| GOOGLAlphabet A Usd 0.001 | 2.29% | 3.19% | 0.90% |
| AVGOBroadcom Inc | 2.19% | 2.98% | 0.79% |
| NEMNewmont Corp. | 4.22% | 0.17% | 4.05% |
| VLOValero Energy Corp. | 3.22% | 0.13% | 3.09% |
| JNJJohnson & Johnson | 2.29% | 0.93% | 1.36% |
| APAApa Corp | 3.10% | 0.02% | 3.08% |
| PGProcter & Gamble Company | 2.50% | 0.51% | 1.99% |
76.2% of FCPI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FCPI or IVV?
FCPI has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FCPI or IVV?
Over the past year FCPI returned +15.28% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.22% vs +15.32% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCPI or IVV?
FCPI and IVV have been equally volatile, both at 16.9% annualized. Worst drawdown: FCPI -37.3% vs IVV -33.9%.
Should I hold both FCPI and IVV?
FCPI and IVV have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FCPI and IVV?
76.2% of FCPI's money is in holdings IVV also owns. 43.9% of IVV's is in holdings FCPI also owns. They hold 66 positions in common, counted across the 98 positions we hold weights for in FCPI and 505 in IVV.
Which pays a higher dividend, FCPI or IVV?
FCPI yields 1.54% while IVV yields 1.06%, so FCPI currently pays the higher dividend yield.
Is IVV better than FCPI?
IVV has a lower expense ratio. FCPI led over 5Y, IVV over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.