FDLO vs IVV
Fidelity Low Volatility Factor 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 | FDLO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $1.4B | $865.2B | |
| Dividend Yield | 1.44% | 1.09% | |
| Holdings | 130 | 508 | |
| YTD Return | +11.26% | +13.80% | |
| 1Y Return | +17.60% | +23.01% | |
| 3Y Return (annualized) | +15.01% | +21.77% | |
| 5Y Return (annualized) | +10.10% | +13.39% | |
| Volatility (annualized) | 13.4% | 15.1% | |
| Max Drawdown | -34.7% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | May 15, 2000 |
FDLO vs IVV Performance
Fidelity Low Volatility Factor ETF (FDLO) 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 FDLO returned +17.60% while IVV returned +23.01%. Year to date, FDLO is up 11.26% versus a gain of 13.80% for IVV.
Over three years, FDLO compounded at +15.01% per year against +21.77% for IVV; over five years the annualized figures are +10.10% and +13.39% respectively. Across the full 10-year window we track, FDLO has the edge at +12.38% annualized vs +7.04%. 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 13.4% for FDLO. 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 -34.7% for FDLO 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDLO 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, FDLO currently yields 1.44% against 1.09% for IVV.
Holdings Overlap
FDLO and IVV share 112 holdings out of 518 unique holdings combined, representing a 46.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDLO or IVV?
FDLO has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FDLO or IVV?
Over the past year FDLO returned +17.60% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), FDLO annualized +12.38% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FDLO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.4% for FDLO. Worst drawdown: FDLO -34.7% vs IVV -56.5%.
Should I hold both FDLO and IVV?
FDLO and IVV have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDLO and IVV?
FDLO and IVV share 112 common holdings with a 46.5% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, FDLO or IVV?
FDLO yields 1.44% while IVV yields 1.09%, so FDLO currently pays the higher dividend yield.
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