FLMX vs IVV
Franklin FTSE Mexico ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FLMX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLMX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | |
| AUM | $86M | $865.2B | |
| Dividend Yield | 3.88% | 1.09% | |
| Holdings | 39 | 508 | |
| YTD Return | +12.12% | +13.80% | |
| 1Y Return | +28.93% | +23.01% | |
| 3Y Return (annualized) | +11.09% | +21.77% | |
| 5Y Return (annualized) | +13.08% | +13.39% | |
| Volatility (annualized) | 24.3% | 15.1% | |
| Max Drawdown | -52.7% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 3, 2017 | May 15, 2000 |
FLMX vs IVV Performance
Franklin FTSE Mexico ETF (FLMX) 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 FLMX returned +28.93% while IVV returned +23.01%. Year to date, FLMX is up 12.12% versus a gain of 13.80% for IVV.
Over three years, FLMX compounded at +11.09% per year against +21.77% for IVV; over five years the annualized figures are +13.08% and +13.39% respectively. Across the full 9-year window we track, FLMX has the edge at +7.09% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLMX has been the more volatile fund, with annualized monthly volatility of 24.3% 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 -52.7% for FLMX 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLMX charges 0.19% per year while IVV charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, FLMX currently yields 3.88% against 1.09% for IVV.
Holdings Overlap
FLMX and IVV share 0 holdings out of 540 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, FLMX or IVV?
FLMX has an expense ratio of 0.19% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, FLMX or IVV?
Over the past year FLMX returned +28.93% vs +23.01% for IVV, so FLMX leads on 1-year performance. Over the longest common window we track (9 years), FLMX annualized +7.09% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FLMX or IVV?
FLMX has been the more volatile fund at 24.3% annualized versus 15.1% for IVV. Worst drawdown: FLMX -52.7% vs IVV -56.5%.
Should I hold both FLMX and IVV?
FLMX and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLMX and IVV?
FLMX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, FLMX or IVV?
FLMX yields 3.88% while IVV yields 1.09%, so FLMX currently pays the higher dividend yield.
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