FFLS vs IVV
FFLS vs IVV
The Future Fund Long/Short 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 505 holdings.
Side-by-Side Comparison
| Metric | FFLS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.60% | 0.03% | |
| AUM | $42M | $865.2B | |
| Dividend Yield | 6.55% | 1.09% | |
| Holdings | 52 | 508 | |
| YTD Return | +3.38% | +13.80% | |
| 1Y Return | +1.12% | +23.70% | |
| 3Y Return (annualized) | +11.47% | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 9.7% | 15.1% | |
| Max Drawdown | -11.1% | -56.5% | |
| Fund Family | The Future Fund | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 20, 2022 | May 15, 2000 |
FFLS vs IVV Performance
The Future Fund Long/Short ETF (FFLS) is a ETF from The Future Fund and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FFLS returned +1.12% while IVV returned +23.70%. Year to date, FFLS is up 3.38% versus a gain of 13.80% for IVV.
Over three years, FFLS compounded at +11.47% per year against +21.49% for IVV. Across the full 3-year window we track, FFLS has the edge at +9.77% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.7% for FFLS. 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 -11.1% for FFLS 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFLS charges 1.60% per year while IVV charges 0.03%. On a $10,000 position that is $160 vs $3 annually, a gap of $157 per year that compounds over a long holding period. On income, FFLS currently yields 6.55% against 1.09% for IVV.
Holdings Overlap
FFLS and IVV share 25 holdings out of 533 unique holdings combined, representing a 18.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FFLS | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 5.88% | 7.76% | 1.88% |
| AMZN | 5.41% | 3.75% | 1.66% |
| GOOGL | 4.15% | 3.15% | 1.00% |
| AVGO | Pro | Pro | Pro |
| PANW | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| EW | Pro | Pro | Pro |
| SQ | Pro | Pro | Pro |
| EQIX | Pro | Pro | Pro |
| GLW | Pro | Pro | Pro |
See all 10 holdings FFLS shares with IVV Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, FFLS or IVV?
FFLS has an expense ratio of 1.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $157 per year of difference.
Which performed better, FFLS or IVV?
Over the past year FFLS returned +1.12% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), FFLS annualized +9.77% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FFLS or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for FFLS. Worst drawdown: FFLS -11.1% vs IVV -56.5%.
Should I hold both FFLS and IVV?
FFLS and IVV have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLS and IVV?
FFLS and IVV share 25 common holdings with a 18.9% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, FFLS or IVV?
FFLS yields 6.55% while IVV yields 1.09%, so FFLS currently pays the higher dividend yield.
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