FELV vs IVV
Fidelity Enhanced Large Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, FELV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. FELV led over 1Y, IVV over the full window. FELV is less concentrated, with 28.5% 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 | FELV | IVV |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $3.3B | $876.4B |
| Dividend Yield | 1.38% | 1.06% |
| Holdings | 373 | 508 |
| YTD Return | +20.69%Best | +13.32% |
| 1Y Return | +27.09%Best | +17.08% |
| 3Y Return (annualized) | - | +22.72% |
| 5Y Return (annualized) | - | +13.20% |
| Volatility (annualized) | 11.7%Tie | 11.7%Tie |
| Max Drawdown | -16.1%Best | -18.8% |
| $10,000 over 2.8 years | $17,363 | $17,414Best |
| Top 10 Weight | 28.5%Best | 37.8% |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 20, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 20, 2023 to Sep 23, 2026 (2.8 years).
FELV 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 2.8 years both funds cover.
FELV vs IVV Performance
Fidelity Enhanced Large Cap Value ETF (FELV) 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 FELV returned +27.09% while IVV returned +17.08%. Year to date, FELV is up 20.69% versus a gain of 13.32% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELV and IVV have been equally volatile, both at 11.7% annualized.
The deepest peak-to-trough decline in our data was -16.1% for FELV 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV 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, FELV currently yields 1.38% against 1.06% for IVV.
Holdings Overlap
81.7% of FELV's money is in holdings IVV also owns. 61.4% of IVV's money is in holdings FELV also owns.
Most of FELV is already inside IVV. Owning both mostly buys the same companies twice.
213 positions in common, counted across the 364 positions we hold weights for in FELV and 490 in IVV, against full books of 373 and 508.
What only one of them owns
Our book lists 269 positions for IVV that do not appear in our book for FELV (37.5% of the fund), and 128 for FELV that do not appear in IVV (13.2%).
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 FELV | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.92% | 7.02% | 1.10% |
| MSFTMicrosoft Corp | 4.34% | 5.69% | 1.35% |
| AMZNAmazon.Com Inc | 6.04% | 3.84% | 2.20% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.92% | 1.39% | 1.53% |
| JPMJpmorgan Chase | 2.69% | 1.44% | 1.25% |
| GOOGLAlphabet Inc,class A | 0.00% | 3.00% | 3.00% |
| XOMExxon Mobil Corp. | 1.80% | 1.01% | 0.79% |
| METAMeta Platforms Inc | 0.62% | 1.90% | 1.28% |
| GOOGAlphabet Inc | 0.01% | 2.39% | 2.38% |
| JNJJohnson & Johnson - Common | 1.28% | 0.97% | 0.31% |
81.7% of FELV 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, FELV or IVV?
FELV 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, FELV or IVV?
Over the past year FELV returned +27.09% vs +17.08% for IVV, so FELV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or IVV?
FELV and IVV have been equally volatile, both at 11.7% annualized. Worst drawdown: FELV -16.1% vs IVV -18.8%.
Should I hold both FELV and IVV?
FELV and IVV have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FELV and IVV?
81.7% of FELV's money is in holdings IVV also owns. 61.4% of IVV's is in holdings FELV also owns. They hold 213 positions in common, counted across the 364 positions we hold weights for in FELV and 490 in IVV.
Which pays a higher dividend, FELV or IVV?
FELV yields 1.38% while IVV yields 1.06%, so FELV currently pays the higher dividend yield.
Is IVV better than FELV?
IVV has a lower expense ratio. FELV led over 1Y, IVV over the full window. FELV is less concentrated, with 28.5% 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.