FCSH vs IVV
Federated Hermes Short Duration Corporate 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 | FCSH | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $65M | $865.2B | |
| Dividend Yield | 4.08% | 1.09% | |
| Holdings | 175 | 508 | |
| YTD Return | +0.84% | +13.43% | |
| 1Y Return | +3.10% | +22.61% | |
| 3Y Return (annualized) | +5.23% | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 3.2% | 15.1% | |
| Max Drawdown | -8.5% | -56.5% | |
| Fund Family | Federated Hermes | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 16, 2021 | May 15, 2000 |
FCSH vs IVV Performance
Federated Hermes Short Duration Corporate ETF (FCSH) is a ETF from Federated Hermes and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FCSH returned +3.10% while IVV returned +22.61%. Year to date, FCSH is up 0.84% versus a gain of 13.43% for IVV.
Over three years, FCSH compounded at +5.23% per year against +21.47% for IVV. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs +2.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.2% for FCSH. 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 -8.5% for FCSH 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FCSH charges 0.30% per year while IVV charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, FCSH currently yields 4.08% against 1.09% for IVV.
Holdings Overlap
FCSH and IVV share 0 holdings out of 648 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, FCSH or IVV?
FCSH has an expense ratio of 0.30% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, FCSH or IVV?
Over the past year FCSH returned +3.10% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), FCSH annualized +2.42% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FCSH or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.2% for FCSH. Worst drawdown: FCSH -8.5% vs IVV -56.5%.
Should I hold both FCSH and IVV?
FCSH and IVV have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCSH and IVV?
FCSH and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 648 unique securities.
Which pays a higher dividend, FCSH or IVV?
FCSH yields 4.08% while IVV yields 1.09%, so FCSH currently pays the higher dividend yield.
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