FDLO vs IVV
Fidelity Low Volatility Factor ETF vs iShares Core S&P 500 ETF
Which is better, FDLO or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 38.8%.
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 | FDLO | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $1.4B | $886.7B |
| Dividend Yield | 1.37% | 1.10% |
| Holdings | 129 | 508 |
| YTD Return | +9.31% | +13.39%Best |
| 1Y Return | +12.45% | +20.08%Best |
| 3Y Return (annualized) | +14.40% | +21.29%Best |
| 5Y Return (annualized) | +9.37% | +12.88%Best |
| Volatility (annualized) | 13.3%Best | 15.4% |
| Max Drawdown | -34.7% | -33.9%Best |
| $10,000 over 5 years | $15,649 | $18,327Best |
| Top 10 Weight | 38.8% | 37.9%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 12, 2016 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 4, 2026 (10 years).
FDLO 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 10 years both funds cover.
FDLO vs IVV Performance
Fidelity Low Volatility Factor ETF (FDLO) 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 FDLO returned +12.45% while IVV returned +20.08%. Year to date, FDLO is up 9.31% versus a gain of 13.39% for IVV.
Over three years, FDLO compounded at +14.40% per year against +21.29% for IVV; over five years the annualized figures are +9.37% and +12.88% respectively. Across the full 10-year window we track, IVV has the edge at +14.51% annualized vs +12.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.3% 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 -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 0.95. 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 1.37% against 1.10% for IVV.
Holdings Overlap
96.5% of FDLO's money is in holdings IVV also owns. 48.7% of IVV's money is in holdings FDLO also owns.
Most of FDLO is already inside IVV. Owning both mostly buys the same companies twice.
113 positions in common, counted across the 125 positions we hold weights for in FDLO and 505 in IVV, against full books of 129 and 508.
What only one of them owns
Measured across the 125 and 505 positions we hold weights for.
IVV holds 384 positions FDLO does not, 50.7% of the fund.
Largest: NVDA 7.98%, GOOG 2.56%, META 1.94%, MU 1.51%, TSLA 1.36%
Top Shared Holdings
| Stock | Weight in FDLO | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.91% | 6.86% | 1.05% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.67% | 5.44% | 1.23% |
| GOOGLAlphabet Inc.Class A | 6.10% | 3.19% | 2.91% |
| AMZNAmazon.Com Inc | 4.40% | 4.01% | 0.39% |
| AVGOBroadcom Inc | 4.32% | 2.98% | 1.34% |
| JPMJpmorgan Chase | 1.86% | 1.45% | 0.41% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.81% | 1.43% | 0.38% |
| LLYEli Lilly & Co. | 1.83% | 1.39% | 0.44% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.24% | 0.72% | 1.52% |
| JNJJohnson & Johnson - Common | 1.36% | 0.93% | 0.43% |
96.5% of FDLO 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, FDLO or IVV?
FDLO 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, FDLO or IVV?
Over the past year FDLO returned +12.45% vs +20.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), FDLO annualized +12.09% vs +14.51% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDLO or IVV?
IVV has been the more volatile fund at 15.4% annualized versus 13.3% for FDLO. Worst drawdown: FDLO -34.7% vs IVV -33.9%.
Should I hold both FDLO and IVV?
FDLO and IVV have a monthly-return correlation of 0.95, 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 FDLO and IVV?
96.5% of FDLO's money is in holdings IVV also owns. 48.7% of IVV's is in holdings FDLO also owns. They hold 113 positions in common, counted across the 125 positions we hold weights for in FDLO and 505 in IVV.
Which pays a higher dividend, FDLO or IVV?
FDLO yields 1.37% while IVV yields 1.10%, so FDLO currently pays the higher dividend yield.
Is IVV better than FDLO?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 38.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.