FLIA vs IVV
Franklin International Aggregate 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 505 holdings.
Side-by-Side Comparison
| Metric | FLIA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $767M | $865.2B | |
| Dividend Yield | 2.61% | 1.09% | |
| Holdings | 116 | 508 | |
| YTD Return | +0.64% | +13.72% | |
| 1Y Return | -0.56% | +21.64% | |
| 3Y Return (annualized) | +2.76% | +21.55% | |
| 5Y Return (annualized) | +0.18% | +13.27% | |
| Volatility (annualized) | 3.9% | 15.1% | |
| Max Drawdown | -11.3% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 30, 2018 | May 15, 2000 |
FLIA vs IVV Performance
Franklin International Aggregate Bond ETF (FLIA) 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 FLIA returned -0.56% while IVV returned +21.64%. Year to date, FLIA is up 0.64% versus a gain of 13.72% for IVV.
Over three years, FLIA compounded at +2.76% per year against +21.55% for IVV; over five years the annualized figures are +0.18% and +13.27% respectively. Across the full 8-year window we track, IVV has the edge at +7.04% annualized vs +0.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.9% for FLIA. 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 -11.3% for FLIA 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLIA charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, FLIA currently yields 2.61% against 1.09% for IVV.
Holdings Overlap
FLIA and IVV share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLIA or IVV?
FLIA has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FLIA or IVV?
Over the past year FLIA returned -0.56% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), FLIA annualized +0.75% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FLIA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.9% for FLIA. Worst drawdown: FLIA -11.3% vs IVV -56.5%.
Should I hold both FLIA and IVV?
FLIA and IVV have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLIA and IVV?
FLIA and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, FLIA or IVV?
FLIA yields 2.61% while IVV yields 1.09%, so FLIA currently pays the higher dividend yield.
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