FLDB vs IVV
Fidelity Low Duration Bond 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 | FLDB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $415M | $907.0B | |
| Dividend Yield | 4.72% | 1.10% | |
| Holdings | 397 | 508 | |
| YTD Return | +2.16% | +12.39% | |
| 1Y Return | +3.89% | +20.24% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +12.84% | |
| Volatility (annualized) | 0.5% | 15.1% | |
| Max Drawdown | -0.5% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2024 | May 15, 2000 |
FLDB vs IVV Performance
Fidelity Low Duration Bond ETF (FLDB) 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 FLDB returned +3.89% while IVV returned +20.24%. Year to date, FLDB is up 2.16% versus a gain of 12.39% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.5% for FLDB. 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 -0.5% for FLDB 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDB charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, FLDB currently yields 4.72% against 1.10% for IVV.
Holdings Overlap
FLDB and IVV share 11 holdings out of 518 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLDB or IVV?
FLDB has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, FLDB or IVV?
Over the past year FLDB returned +3.89% vs +20.24% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), FLDB annualized +4.60% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FLDB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.5% for FLDB. Worst drawdown: FLDB -0.5% vs IVV -56.5%.
Should I hold both FLDB and IVV?
FLDB and IVV have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDB and IVV?
FLDB and IVV share 11 common holdings with a 1.9% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, FLDB or IVV?
FLDB yields 4.72% while IVV yields 1.10%, so FLDB currently pays the higher dividend yield.
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