FDRV vs IVV
Fidelity Electric Vehicles and Future Transportation 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 | FDRV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $28M | $865.2B | |
| Dividend Yield | 1.20% | 1.09% | |
| Holdings | 55 | 508 | |
| YTD Return | +8.10% | +13.72% | |
| 1Y Return | +16.10% | +21.64% | |
| 3Y Return (annualized) | -0.88% | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 29.9% | 15.1% | |
| Max Drawdown | -63.9% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | May 15, 2000 |
FDRV vs IVV Performance
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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 FDRV returned +16.10% while IVV returned +21.64%. Year to date, FDRV is up 8.10% versus a gain of 13.72% for IVV.
Over three years, FDRV compounded at -0.88% per year against +21.55% for IVV. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs -6.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDRV has been the more volatile fund, with annualized monthly volatility of 29.9% 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 -63.9% for FDRV 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDRV charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, FDRV currently yields 1.20% against 1.09% for IVV.
Holdings Overlap
FDRV and IVV share 8 holdings out of 547 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDRV or IVV?
FDRV has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FDRV or IVV?
Over the past year FDRV returned +16.10% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), FDRV annualized -6.63% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FDRV or IVV?
FDRV has been the more volatile fund at 29.9% annualized versus 15.1% for IVV. Worst drawdown: FDRV -63.9% vs IVV -56.5%.
Should I hold both FDRV and IVV?
FDRV and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDRV and IVV?
FDRV and IVV share 8 common holdings with a 2.4% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, FDRV or IVV?
FDRV yields 1.20% while IVV yields 1.09%, so FDRV currently pays the higher dividend yield.
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