FITE vs IVV
State Street SPDR S&P Kensho Future Security ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FITE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FITE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $144M | $865.2B | |
| Dividend Yield | 0.15% | 1.09% | |
| Holdings | 78 | 508 | |
| YTD Return | +33.90% | +13.80% | |
| 1Y Return | +51.16% | +23.70% | |
| 3Y Return (annualized) | +34.27% | +21.49% | |
| 5Y Return (annualized) | +17.85% | +13.43% | |
| Volatility (annualized) | 21.4% | 15.1% | |
| Max Drawdown | -37.2% | -56.5% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 18, 2017 | May 15, 2000 |
FITE vs IVV Performance
State Street SPDR S&P Kensho Future Security ETF (FITE) is a ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FITE returned +51.16% while IVV returned +23.70%. Year to date, FITE is up 33.90% versus a gain of 13.80% for IVV.
Over three years, FITE compounded at +34.27% per year against +21.49% for IVV; over five years the annualized figures are +17.85% and +13.43% respectively. Across the full 9-year window we track, FITE has the edge at +17.21% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FITE has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -37.2% for FITE 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FITE charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, FITE currently yields 0.15% against 1.09% for IVV.
Holdings Overlap
FITE and IVV share 21 holdings out of 563 unique holdings combined, representing a 4.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FITE or IVV?
FITE has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, FITE or IVV?
Over the past year FITE returned +51.16% vs +23.70% for IVV, so FITE leads on 1-year performance. Over the longest common window we track (9 years), FITE annualized +17.21% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FITE or IVV?
FITE has been the more volatile fund at 21.4% annualized versus 15.1% for IVV. Worst drawdown: FITE -37.2% vs IVV -56.5%.
Should I hold both FITE and IVV?
FITE and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FITE and IVV?
FITE and IVV share 21 common holdings with a 4.7% weight overlap. Combined, they hold 563 unique securities.
Which pays a higher dividend, FITE or IVV?
FITE yields 0.15% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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