FEZ vs IVV
State Street SPDR EURO STOXX 50 ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FEZ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FEZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $4.5B | $907.0B | |
| Dividend Yield | 2.56% | 1.10% | |
| Holdings | 55 | 508 | |
| YTD Return | +12.24% | +14.29% | |
| 1Y Return | +22.28% | +21.79% | |
| 3Y Return (annualized) | +20.44% | +22.19% | |
| 5Y Return (annualized) | +11.74% | +13.28% | |
| Volatility (annualized) | 21.2% | 15.1% | |
| Max Drawdown | -66.2% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 15, 2002 | May 15, 2000 |
FEZ vs IVV Performance
State Street SPDR EURO STOXX 50 ETF (FEZ) is a ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FEZ returned +22.28% while IVV returned +21.79%. Year to date, FEZ is up 12.24% versus a gain of 14.29% for IVV.
Over three years, FEZ compounded at +20.44% per year against +22.19% for IVV; over five years the annualized figures are +11.74% and +13.28% respectively. Across the full 24-year window we track, IVV has the edge at +7.06% annualized vs +5.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEZ has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -66.2% for FEZ 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEZ charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FEZ currently yields 2.56% against 1.10% for IVV.
Holdings Overlap
FEZ and IVV share 0 holdings out of 553 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FEZ or IVV?
FEZ has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FEZ or IVV?
Over the past year FEZ returned +22.28% vs +21.79% for IVV, so FEZ leads on 1-year performance. Over the longest common window we track (24 years), FEZ annualized +5.26% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, FEZ or IVV?
FEZ has been the more volatile fund at 21.2% annualized versus 15.1% for IVV. Worst drawdown: FEZ -66.2% vs IVV -56.5%.
Should I hold both FEZ and IVV?
FEZ and IVV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEZ and IVV?
FEZ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, FEZ or IVV?
FEZ yields 2.56% while IVV yields 1.10%, so FEZ currently pays the higher dividend yield.
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