FLHK vs IVV
Franklin FTSE Hong Kong 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 | FLHK | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $13M | $907.0B | |
| Dividend Yield | 4.33% | 1.10% | |
| Holdings | 72 | 508 | |
| YTD Return | +11.92% | +12.28% | |
| 1Y Return | +20.38% | +20.94% | |
| 3Y Return (annualized) | -1.32% | +21.81% | |
| 5Y Return (annualized) | +0.37% | +13.05% | |
| Volatility (annualized) | 26.1% | 15.1% | |
| Max Drawdown | -47.0% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2017 | May 15, 2000 |
FLHK vs IVV Performance
Franklin FTSE Hong Kong ETF (FLHK) 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 FLHK returned +20.38% while IVV returned +20.94%. Year to date, FLHK is up 11.92% versus a gain of 12.28% for IVV.
Over three years, FLHK compounded at -1.32% per year against +21.81% for IVV; over five years the annualized figures are +0.37% and +13.05% respectively. Across the full 8-year window we track, IVV has the edge at +6.98% annualized vs -0.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLHK has been the more volatile fund, with annualized monthly volatility of 26.1% 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 -47.0% for FLHK 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLHK 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, FLHK currently yields 4.33% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, FLHK or IVV?
FLHK 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, FLHK or IVV?
Over the past year FLHK returned +20.38% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), FLHK annualized -0.40% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FLHK or IVV?
FLHK has been the more volatile fund at 26.1% annualized versus 15.1% for IVV. Worst drawdown: FLHK -47.0% vs IVV -56.5%.
Should I hold both FLHK and IVV?
FLHK and IVV have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FLHK or IVV?
FLHK yields 4.33% while IVV yields 1.10%, so FLHK currently pays the higher dividend yield.
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