FFGX vs IVV
Fidelity Fundamental Global ex-US 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 508 holdings.
Side-by-Side Comparison
| Metric | FFGX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $54M | $907.0B | |
| Dividend Yield | 1.54% | 1.10% | |
| Holdings | 174 | 508 | |
| YTD Return | +12.10% | +13.22% | |
| 1Y Return | +19.59% | +21.62% | |
| 3Y Return (annualized) | - | +22.17% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 13.5% | 15.1% | |
| Max Drawdown | -14.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | May 15, 2000 |
FFGX vs IVV Performance
Fidelity Fundamental Global ex-US ETF (FFGX) 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 FFGX returned +19.59% while IVV returned +21.62%. Year to date, FFGX is up 12.10% versus a gain of 13.22% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.5% for FFGX. 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 -14.8% for FFGX 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFGX charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, FFGX currently yields 1.54% against 1.10% for IVV.
Holdings Overlap
FFGX and IVV share 0 holdings out of 677 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, FFGX or IVV?
FFGX has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, FFGX or IVV?
Over the past year FFGX returned +19.59% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FFGX annualized +21.43% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FFGX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.5% for FFGX. Worst drawdown: FFGX -14.8% vs IVV -56.5%.
Should I hold both FFGX and IVV?
FFGX and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFGX and IVV?
FFGX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 677 unique securities.
Which pays a higher dividend, FFGX or IVV?
FFGX yields 1.54% while IVV yields 1.10%, so FFGX currently pays the higher dividend yield.
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