FLQL vs IVV
Franklin US Large Cap Multifactor Index 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 | FLQL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $2.0B | $865.2B | |
| Dividend Yield | 1.05% | 1.09% | |
| Holdings | 220 | 508 | |
| YTD Return | +13.42% | +13.43% | |
| 1Y Return | +20.99% | +22.61% | |
| 3Y Return (annualized) | +21.95% | +21.47% | |
| 5Y Return (annualized) | +13.73% | +13.26% | |
| Volatility (annualized) | 15.1% | 15.1% | |
| Max Drawdown | -33.6% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 26, 2017 | May 15, 2000 |
FLQL vs IVV Performance
Franklin US Large Cap Multifactor Index ETF (FLQL) 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 FLQL returned +20.99% while IVV returned +22.61%. Year to date, FLQL is up 13.42% versus a gain of 13.43% for IVV.
Over three years, FLQL compounded at +21.95% per year against +21.47% for IVV; over five years the annualized figures are +13.73% and +13.26% respectively. Across the full 9-year window we track, FLQL has the edge at +14.78% annualized vs +7.03%. 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 15.1% for FLQL. 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 -33.6% for FLQL 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLQL charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FLQL currently yields 1.05% against 1.09% for IVV.
Holdings Overlap
FLQL and IVV share 10 holdings out of 511 unique holdings combined, representing a 13.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLQL or IVV?
FLQL has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FLQL or IVV?
Over the past year FLQL returned +20.99% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), FLQL annualized +14.78% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FLQL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.1% for FLQL. Worst drawdown: FLQL -33.6% vs IVV -56.5%.
Should I hold both FLQL and IVV?
FLQL and IVV have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLQL and IVV?
FLQL and IVV share 10 common holdings with a 13.1% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, FLQL or IVV?
FLQL yields 1.05% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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