FLEE vs IVV
Franklin FTSE Europe 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 | FLEE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $121M | $907.0B | |
| Dividend Yield | 3.10% | 1.10% | |
| Holdings | 505 | 508 | |
| YTD Return | +10.40% | +13.22% | |
| 1Y Return | +20.41% | +21.62% | |
| 3Y Return (annualized) | +18.88% | +22.17% | |
| 5Y Return (annualized) | +10.05% | +13.42% | |
| Volatility (annualized) | 17.1% | 15.1% | |
| Max Drawdown | -41.1% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2017 | May 15, 2000 |
FLEE vs IVV Performance
Franklin FTSE Europe ETF (FLEE) is a ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLEE returned +20.41% while IVV returned +21.62%. Year to date, FLEE is up 10.40% versus a gain of 13.22% for IVV.
Over three years, FLEE compounded at +18.88% per year against +22.17% for IVV; over five years the annualized figures are +10.05% and +13.42% respectively. Across the full 9-year window we track, FLEE has the edge at +7.72% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLEE has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -41.1% for FLEE 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLEE charges 0.09% per year while IVV charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, FLEE currently yields 3.10% against 1.10% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FLEE or IVV?
FLEE has an expense ratio of 0.09% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FLEE or IVV?
Over the past year FLEE returned +20.41% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), FLEE annualized +7.72% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FLEE or IVV?
FLEE has been the more volatile fund at 17.1% annualized versus 15.1% for IVV. Worst drawdown: FLEE -41.1% vs IVV -56.5%.
Should I hold both FLEE and IVV?
FLEE and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLEE and IVV?
FLEE and IVV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 993 unique securities.
Which pays a higher dividend, FLEE or IVV?
FLEE yields 3.10% while IVV yields 1.10%, so FLEE currently pays the higher dividend yield.
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