FDRR vs IVV
Fidelity Dividend ETF for Rising Rates vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FDRR delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FDRR | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $737M | $907.0B | |
| Dividend Yield | 2.08% | 1.10% | |
| Holdings | 128 | 508 | |
| YTD Return | +14.11% | +12.28% | |
| 1Y Return | +25.12% | +20.94% | |
| 3Y Return (annualized) | +21.87% | +21.81% | |
| 5Y Return (annualized) | +12.88% | +13.05% | |
| Volatility (annualized) | 15.3% | 15.1% | |
| Max Drawdown | -37.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | May 15, 2000 |
FDRR vs IVV Performance
Fidelity Dividend ETF for Rising Rates (FDRR) 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 FDRR returned +25.12% while IVV returned +20.94%. Year to date, FDRR is up 14.11% versus a gain of 12.28% for IVV.
Over three years, FDRR compounded at +21.87% per year against +21.81% for IVV; over five years the annualized figures are +12.88% and +13.05% respectively. Across the full 10-year window we track, FDRR has the edge at +12.30% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDRR has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -37.6% for FDRR 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
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 2.08% against 1.10% for IVV.
Holdings Overlap
FDRR and IVV share 86 holdings out of 531 unique holdings combined, representing a 48.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FDRR or IVV?
Over the past year FDRR returned +25.12% vs +20.94% for IVV, so FDRR leads on 1-year performance. Over the longest common window we track (10 years), FDRR annualized +12.30% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FDRR or IVV?
FDRR has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: FDRR -37.6% vs IVV -56.5%.
Should I hold both FDRR and IVV?
FDRR 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 FDRR and IVV?
FDRR and IVV share 86 common holdings with a 48.3% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, FDRR or IVV?
FDRR yields 2.08% while IVV yields 1.10%, so FDRR currently pays the higher dividend yield.
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