FDEM vs IVV
Fidelity Emerging Markets Multifactor ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FDEM delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FDEM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $581M | $907.0B | |
| Dividend Yield | 3.00% | 1.10% | |
| Holdings | 208 | 508 | |
| YTD Return | +13.98% | +14.29% | |
| 1Y Return | +24.59% | +21.79% | |
| 3Y Return (annualized) | +20.72% | +22.19% | |
| 5Y Return (annualized) | +9.83% | +13.28% | |
| Volatility (annualized) | 15.6% | 15.1% | |
| Max Drawdown | -33.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2019 | May 15, 2000 |
FDEM vs IVV Performance
Fidelity Emerging Markets Multifactor ETF (FDEM) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDEM returned +24.59% while IVV returned +21.79%. Year to date, FDEM is up 13.98% versus a gain of 14.29% for IVV.
Over three years, FDEM compounded at +20.72% per year against +22.19% for IVV; over five years the annualized figures are +9.83% and +13.28% respectively. Across the full 8-year window we track, FDEM has the edge at +8.28% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDEM has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -33.6% for FDEM 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDEM charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, FDEM currently yields 3.00% against 1.10% for IVV.
Holdings Overlap
FDEM and IVV share 0 holdings out of 704 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, FDEM or IVV?
FDEM has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FDEM or IVV?
Over the past year FDEM returned +24.59% vs +21.79% for IVV, so FDEM leads on 1-year performance. Over the longest common window we track (8 years), FDEM annualized +8.28% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, FDEM or IVV?
FDEM has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: FDEM -33.6% vs IVV -56.5%.
Should I hold both FDEM and IVV?
FDEM and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDEM and IVV?
FDEM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 704 unique securities.
Which pays a higher dividend, FDEM or IVV?
FDEM yields 3.00% while IVV yields 1.10%, so FDEM currently pays the higher dividend yield.
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