FFLV vs IVV
Fidelity Fundamental Large Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, FFLV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. FFLV led over 1Y, IVV over the full window. FFLV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.9%.
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 | FFLV | IVV |
|---|---|---|
| Expense Ratio | 0.38% | 0.03%Best |
| AUM | $16M | $886.7B |
| Dividend Yield | 1.36% | 1.10% |
| Holdings | 114 | 508 |
| YTD Return | +18.62%Best | +13.86% |
| 1Y Return | +28.58%Best | +21.57% |
| 3Y Return (annualized) | - | +21.48% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 12.1% | 11.9%Best |
| Max Drawdown | -16.7%Best | -18.8% |
| $10,000 over 2.5 years | $14,905 | $15,722Best |
| Top 10 Weight | 33.5%Best | 37.9% |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Feb 9, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Feb 26, 2024 to Sep 3, 2026 (2.5 years).
FFLV 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 2.5 years both funds cover.
FFLV vs IVV Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) 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 FFLV returned +28.58% while IVV returned +21.57%. Year to date, FFLV is up 18.62% versus a gain of 13.86% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FFLV has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 11.9% 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 -16.7% for FFLV 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 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FFLV charges 0.38% per year while IVV charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, FFLV currently yields 1.36% against 1.10% for IVV.
Holdings Overlap
79.6% of FFLV's money is in holdings IVV also owns. 38.5% of IVV's money is in holdings FFLV also owns.
Most of FFLV is already inside IVV. Owning both mostly buys the same companies twice.
77 positions in common, counted across the 112 positions we hold weights for in FFLV and 505 in IVV, against full books of 114 and 508.
What only one of them owns
Our book lists 421 positions for IVV that do not appear in our book for FFLV (60.9% of the fund), and 23 for FFLV that do not appear in IVV (12.5%).
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 FFLV | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.77% | 6.86% | 2.09% |
| AMZNAmazon.Com Inc | 7.27% | 4.01% | 3.26% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.78% | 5.44% | 0.66% |
| XOMExxon Mobil Corp. | 3.76% | 0.94% | 2.82% |
| GOOGLAlphabet Inc.Class A | 0.80% | 3.19% | 2.39% |
| WFCWells Fargo & Co. | 2.50% | 0.41% | 2.09% |
| BACBank Of America Corp. | 2.28% | 0.62% | 1.66% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.06% | 0.72% | 1.34% |
| JNJJohnson & Johnson - Common | 1.75% | 0.93% | 0.82% |
| MRKMerck & Company Inc | 2.02% | 0.48% | 1.54% |
79.6% of FFLV 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, FFLV or IVV?
FFLV has an expense ratio of 0.38% while IVV charges 0.03%. IVV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, FFLV or IVV?
Over the past year FFLV returned +28.58% vs +21.57% for IVV, so FFLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFLV or IVV?
FFLV has been the more volatile fund at 12.1% annualized versus 11.9% for IVV. Worst drawdown: FFLV -16.7% vs IVV -18.8%.
Should I hold both FFLV and IVV?
FFLV and IVV have a monthly-return correlation of 0.65, 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 FFLV and IVV?
79.6% of FFLV's money is in holdings IVV also owns. 38.5% of IVV's is in holdings FFLV also owns. They hold 77 positions in common, counted across the 112 positions we hold weights for in FFLV and 505 in IVV.
Which pays a higher dividend, FFLV or IVV?
FFLV yields 1.36% while IVV yields 1.10%, so FFLV currently pays the higher dividend yield.
Is IVV better than FFLV?
IVV has a lower expense ratio. FFLV led over 1Y, IVV over the full window. FFLV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.