FLEE vs IVV
Franklin FTSE Europe ETF vs iShares Core S&P 500 ETF
Which is better, FLEE or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. FLEE is less concentrated, with 20.0% 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 | FLEE | IVV |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $119M | $876.4B |
| Dividend Yield | 3.06% | 1.06% |
| Holdings | 505 | 508 |
| YTD Return | +8.11% | +12.24%Best |
| 1Y Return | +17.78% | +18.61%Best |
| 3Y Return (annualized) | +18.00% | +20.98%Best |
| 5Y Return (annualized) | +9.38% | +12.76%Best |
| Volatility (annualized) | 17.0% | 16.3%Best |
| Max Drawdown | -41.1% | -33.9%Best |
| $10,000 over 5 years | $15,656 | $18,230Best |
| Top 10 Weight | 20.0%Best | 37.9% |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2017 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Nov 6, 2017 to Sep 9, 2026 (8.8 years).
FLEE 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 8.8 years both funds cover.
FLEE vs IVV Performance
Franklin FTSE Europe ETF (FLEE) is an ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FLEE returned +17.78% while IVV returned +18.61%. Year to date, FLEE is up 8.11% versus a gain of 12.24% for IVV.
Over three years, FLEE compounded at +18.00% per year against +20.98% for IVV; over five years the annualized figures are +9.38% and +12.76% respectively. Across the full 9-year window we track, IVV has the edge at +13.96% annualized vs +7.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLEE has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 16.3% 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 -33.9% 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 0.82. 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 3.06% against 1.06% for IVV.
Holdings Overlap
0.1% of FLEE's money is in holdings IVV also owns. 0.5% of IVV's money is in holdings FLEE also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 488 positions we hold weights for in FLEE and 505 in IVV, against full books of 505 and 508.
What only one of them owns
Our book lists 495 positions for IVV that do not appear in our book for FLEE (98.8% of the fund), and 17 for FLEE that do not appear in IVV (3.2%).
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 FLEE | Weight in IVV | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.15% | 0.48% | 0.33% |
You are not choosing between two funds in isolation.
Whichever of FLEE and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $6 a year on a $10,000 investment.
Which performed better, FLEE or IVV?
Over the past year FLEE returned +17.78% vs +18.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), FLEE annualized +7.41% vs +13.96% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLEE or IVV?
FLEE has been the more volatile fund at 17.0% annualized versus 16.3% for IVV. Worst drawdown: FLEE -41.1% vs IVV -33.9%.
Should I hold both FLEE and IVV?
FLEE and IVV have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLEE or IVV?
FLEE yields 3.06% while IVV yields 1.06%, so FLEE currently pays the higher dividend yield.
Is IVV better than FLEE?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. FLEE is less concentrated, with 20.0% 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.