FDWM vs IVV
Fidelity Womens Leadership ETF vs iShares Core S&P 500 ETF
Which is better, FDWM or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. FDWM is less concentrated, with 36.7% of the fund in its ten largest positions against 38.1%.
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 | FDWM | IVV |
|---|---|---|
| Expense Ratio | 0.59% | 0.03%Best |
| AUM | $5M | $882.6B |
| Dividend Yield | 0.52% | 1.06% |
| Holdings | 82 | 508 |
| Volatility (annualized) | 17.3% | 15.9%Best |
| Max Drawdown | -29.1% | -24.5%Best |
| $10,000 over 4.4 years | $13,877 | $16,989Best |
| Top 10 Weight | 36.7%Best | 38.1% |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 15, 2021 | May 15, 2000 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 323 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FDWM has data through Nov 13, 2025 and IVV through Oct 2, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jun 17, 2021 to Nov 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.9% 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 -29.1% for FDWM and -24.5% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDWM charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 1.06% for IVV.
Holdings Overlap
83.5% of FDWM's money is in holdings IVV also owns. 41.7% of IVV's money is in holdings FDWM also owns.
Most of FDWM is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 407 days apart, FDWM as of Jul 31, 2025 and IVV as of Sep 11, 2026, so some of the difference between them is the time between the two reports rather than the funds.
64 positions in common, counted across the 86 positions we hold weights for in FDWM and 505 in IVV, against full books of 82 and 508.
What only one of them owns
Our book lists 433 positions for IVV that do not appear in our book for FDWM (57.6% of the fund), and 20 for FDWM that do not appear in IVV (13.6%).
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 FDWM | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.02% | 8.00% | 0.98% |
| AAPLApple, Inc | 5.91% | 7.39% | 1.48% |
| MSFTMicrosoft Corp | 7.10% | 5.57% | 1.53% |
| AMZNAmazon.Com Inc | 4.73% | 3.80% | 0.93% |
| GOOGAlphabet Inc. C | 3.70% | 2.40% | 1.30% |
| JPMJpmorgan Chase | 2.12% | 1.44% | 0.68% |
| LLYEli Lilly & Co. | 1.69% | 1.34% | 0.35% |
| MUMicron Technology, Inc. | 1.26% | 1.66% | 0.40% |
| MAMastercard Inc | 1.32% | 0.70% | 0.62% |
| GEVGe Vernova, Inc. | 1.54% | 0.39% | 1.15% |
83.5% of FDWM 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, FDWM or IVV?
FDWM has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which is riskier, FDWM or IVV?
FDWM has been the more volatile fund at 17.3% annualized versus 15.9% for IVV. Worst drawdown: FDWM -29.1% vs IVV -24.5%.
Should I hold both FDWM and IVV?
FDWM and IVV have a monthly-return correlation of 0.97, 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 FDWM and IVV?
83.5% of FDWM's money is in holdings IVV also owns. 41.7% of IVV's is in holdings FDWM also owns. They hold 64 positions in common, counted across the 86 positions we hold weights for in FDWM and 505 in IVV.
Which pays a higher dividend, FDWM or IVV?
FDWM yields 0.52% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than FDWM?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. FDWM is less concentrated, with 36.7% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.