FDRR vs IVV
Fidelity Dividend ETF for Rising Rates vs iShares Core S&P 500 ETF
Which is better, FDRR or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. FDRR led over 1Y, 3Y and 5Y, IVV over 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 42.8%.
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 | FDRR | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $737M | $876.4B |
| Dividend Yield | 2.02% | 1.06% |
| Holdings | 116 | 508 |
| YTD Return | +15.65%Best | +12.51% |
| 1Y Return | +23.21%Best | +17.57% |
| 3Y Return (annualized) | +22.15%Best | +21.27% |
| 5Y Return (annualized) | +13.35%Best | +12.95% |
| Volatility (annualized) | 15.2%Best | 15.4% |
| Max Drawdown | -37.6% | -33.9%Best |
| $10,000 over 5 years | $18,711Best | $18,384 |
| Top 10 Weight | 42.8% | 37.9%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | 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 11, 2026 (10 years).
FDRR 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.
FDRR vs IVV Performance
Fidelity Dividend ETF for Rising Rates (FDRR) 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 FDRR returned +23.21% while IVV returned +17.57%. Year to date, FDRR is up 15.65% versus a gain of 12.51% for IVV.
Over three years, FDRR compounded at +22.15% per year against +21.27% for IVV; over five years the annualized figures are +13.35% and +12.95% respectively. Across the full 10-year window we track, IVV has the edge at +14.39% annualized vs +12.37%.
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 15.2% for FDRR. 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 -37.6% for FDRR 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
FDRR 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, FDRR currently yields 2.02% against 1.06% for IVV.
Holdings Overlap
86.8% of FDRR's money is in holdings IVV also owns. 49.2% of IVV's money is in holdings FDRR also owns.
Most of FDRR is already inside IVV. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 111 positions we hold weights for in FDRR and 505 in IVV, against full books of 116 and 508.
What only one of them owns
Our book lists 409 positions for IVV that do not appear in our book for FDRR (50.2% of the fund), and 15 for FDRR that do not appear in IVV (8.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDRR | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.34% | 7.98% | 0.36% |
| AAPLApple, Inc | 7.27% | 6.86% | 0.41% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.11% | 5.44% | 0.67% |
| GOOGLAlphabet A Usd 0.001 | 4.70% | 3.19% | 1.51% |
| AVGOBroadcom Inc | 3.89% | 2.98% | 0.91% |
| METAMeta Platforms, Inc. | 1.87% | 1.94% | 0.07% |
| DELLDell Technologies Inc. | 3.31% | 0.20% | 3.11% |
| JPMJpmorgan Chase & Co. | 2.05% | 1.45% | 0.60% |
| LLYEli Lilly & Co. | 1.96% | 1.39% | 0.57% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.97% | 0.72% | 1.25% |
86.8% of FDRR 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, FDRR or IVV?
FDRR 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, FDRR or IVV?
Over the past year FDRR returned +23.21% vs +17.57% for IVV, so FDRR leads on 1-year performance. Over the longest common window we track (10 years), FDRR annualized +12.37% vs +14.39% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDRR or IVV?
IVV has been the more volatile fund at 15.4% annualized versus 15.2% for FDRR. Worst drawdown: FDRR -37.6% vs IVV -33.9%.
Should I hold both FDRR and IVV?
FDRR 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 FDRR and IVV?
86.8% of FDRR's money is in holdings IVV also owns. 49.2% of IVV's is in holdings FDRR also owns. They hold 87 positions in common, counted across the 111 positions we hold weights for in FDRR and 505 in IVV.
Which pays a higher dividend, FDRR or IVV?
FDRR yields 2.02% while IVV yields 1.06%, so FDRR currently pays the higher dividend yield.
Is IVV better than FDRR?
IVV has a lower expense ratio. FDRR led over 1Y, 3Y and 5Y, IVV over 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 42.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.