FDG vs IVV
American Century Focused Dynamic Growth 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 508 holdings.
Side-by-Side Comparison
| Metric | FDG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $428M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 45 | 508 | |
| YTD Return | +3.97% | +13.22% | |
| 1Y Return | +15.16% | +21.62% | |
| 3Y Return (annualized) | +26.87% | +22.17% | |
| 5Y Return (annualized) | +9.98% | +13.42% | |
| Volatility (annualized) | 23.2% | 15.1% | |
| Max Drawdown | -43.7% | -56.5% | |
| Fund Family | American Century ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2020 | May 15, 2000 |
FDG vs IVV Performance
American Century Focused Dynamic Growth ETF (FDG) is a ETF from American Century ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDG returned +15.16% while IVV returned +21.62%. Year to date, FDG is up 3.97% versus a gain of 13.22% for IVV.
Over three years, FDG compounded at +26.87% per year against +22.17% for IVV; over five years the annualized figures are +9.98% and +13.42% respectively. Across the full 6-year window we track, FDG has the edge at +21.28% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDG has been the more volatile fund, with annualized monthly volatility of 23.2% 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 -43.7% for FDG 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDG charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, FDG currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
FDG and IVV share 22 holdings out of 527 unique holdings combined, representing a 26.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDG or IVV?
FDG has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, FDG or IVV?
Over the past year FDG returned +15.16% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), FDG annualized +21.28% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FDG or IVV?
FDG has been the more volatile fund at 23.2% annualized versus 15.1% for IVV. Worst drawdown: FDG -43.7% vs IVV -56.5%.
Should I hold both FDG and IVV?
FDG and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDG and IVV?
FDG and IVV share 22 common holdings with a 26.7% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, FDG or IVV?
FDG yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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