FEAC vs IVV
Fidelity Enhanced US All-Cap Equity ETF vs iShares Core S&P 500 ETF
Which is better, FEAC or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. FEAC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. FEAC is less concentrated, with 34.5% of the fund in its ten largest positions against 37.8%.
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 | FEAC | IVV |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $17M | $876.4B |
| Dividend Yield | 0.75% | 1.06% |
| Holdings | 485 | 508 |
| YTD Return | +13.40%Best | +12.39% |
| 1Y Return | +17.49%Best | +16.61% |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +13.51% |
| Volatility (annualized) | 12.8% | 12.7%Best |
| Max Drawdown | -19.0% | -18.8%Best |
| $10,000 over 1.8 years | $13,129Best | $13,095 |
| Top 10 Weight | 34.5%Best | 37.8% |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 19, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Nov 21, 2024 to Sep 18, 2026 (1.8 years).
FEAC 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 1.8 years both funds cover.
FEAC vs IVV Performance
Fidelity Enhanced US All-Cap Equity ETF (FEAC) 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 FEAC returned +17.49% while IVV returned +16.61%. Year to date, FEAC is up 13.40% versus a gain of 12.39% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEAC has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.7% 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 -19.0% for FEAC and -18.8% 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEAC charges 0.18% per year while IVV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, FEAC currently yields 0.75% against 1.06% for IVV.
Holdings Overlap
79.4% of FEAC's money is in holdings IVV also owns. 65.0% of IVV's money is in holdings FEAC also owns.
Most of FEAC is already inside IVV. Owning both mostly buys the same companies twice.
123 positions in common, counted across the 397 positions we hold weights for in FEAC and 490 in IVV, against full books of 485 and 508.
What only one of them owns
Our book lists 359 positions for IVV that do not appear in our book for FEAC (33.7% of the fund), and 244 for FEAC that do not appear in IVV (16.2%).
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 FEAC | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.51% | 8.07% | 0.56% |
| AAPLApple, Inc | 6.73% | 7.02% | 0.29% |
| MSFTMicrosoft Corp | 4.37% | 5.69% | 1.32% |
| GOOGLAlphabet Inc,class A | 3.75% | 3.00% | 0.75% |
| AMZNAmazon.Com Inc | 2.71% | 3.84% | 1.13% |
| AVGOBroadcom Inc | 2.92% | 2.65% | 0.27% |
| MUMicron Technology, Inc. | 1.71% | 1.63% | 0.08% |
| LLYEli Lilly & Co. | 1.93% | 1.38% | 0.55% |
| GOOGAlphabet Inc | 0.77% | 2.39% | 1.62% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.61% | 1.39% | 0.22% |
79.4% of FEAC 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, FEAC or IVV?
FEAC has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FEAC or IVV?
Over the past year FEAC returned +17.49% vs +16.61% for IVV, so FEAC leads on 1-year performance. Over the longest common window we track (2 years), FEAC annualized +16.33% vs +16.16% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEAC or IVV?
FEAC has been the more volatile fund at 12.8% annualized versus 12.7% for IVV. Worst drawdown: FEAC -19.0% vs IVV -18.8%.
Should I hold both FEAC and IVV?
FEAC and IVV have a monthly-return correlation of 0.99, 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 FEAC and IVV?
79.4% of FEAC's money is in holdings IVV also owns. 65.0% of IVV's is in holdings FEAC also owns. They hold 123 positions in common, counted across the 397 positions we hold weights for in FEAC and 490 in IVV.
Which pays a higher dividend, FEAC or IVV?
FEAC yields 0.75% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than FEAC?
IVV has a lower expense ratio. FEAC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. FEAC is less concentrated, with 34.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.