FLAO vs IVV
AllianzIM US Equity 6 Month Floor5 Apr/Oct 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 | FLAO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.03% | |
| AUM | $9M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 4 | 508 | |
| YTD Return | +0.51% | +12.71% | |
| 1Y Return | +2.98% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 6.8% | 15.1% | |
| Max Drawdown | -10.1% | -56.5% | |
| Fund Family | AllianzIM | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 28, 2024 | May 15, 2000 |
FLAO vs IVV Performance
AllianzIM US Equity 6 Month Floor5 Apr/Oct ETF (FLAO) is a ETF from AllianzIM and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLAO returned +2.98% while IVV returned +21.89%. Year to date, FLAO is up 0.51% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.8% for FLAO. 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 -10.1% for FLAO 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLAO charges 0.74% per year while IVV charges 0.03%. On a $10,000 position that is $74 vs $3 annually, a gap of $71 per year that compounds over a long holding period. On income, FLAO currently yields 0.00% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, FLAO or IVV?
FLAO has an expense ratio of 0.74% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, FLAO or IVV?
Over the past year FLAO returned +2.98% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FLAO annualized +5.77% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, FLAO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.8% for FLAO. Worst drawdown: FLAO -10.1% vs IVV -56.5%.
Should I hold both FLAO and IVV?
FLAO and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FLAO or IVV?
FLAO yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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