FLRG vs IVV
Fidelity US Multifactor 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 | FLRG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $289M | $865.2B | |
| Dividend Yield | 1.38% | 1.09% | |
| Holdings | 105 | 508 | |
| YTD Return | +14.03% | +14.50% | |
| 1Y Return | +17.28% | +22.02% | |
| 3Y Return (annualized) | +19.33% | +21.80% | |
| 5Y Return (annualized) | +12.38% | +13.37% | |
| Volatility (annualized) | 13.8% | 15.1% | |
| Max Drawdown | -19.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2020 | May 15, 2000 |
FLRG vs IVV Performance
Fidelity US Multifactor ETF (FLRG) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLRG returned +17.28% while IVV returned +22.02%. Year to date, FLRG is up 14.03% versus a gain of 14.50% for IVV.
Over three years, FLRG compounded at +19.33% per year against +21.80% for IVV; over five years the annualized figures are +12.38% and +13.37% respectively. Across the full 6-year window we track, FLRG has the edge at +15.63% annualized vs +7.07%. 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 13.8% for FLRG. 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 -19.6% for FLRG 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLRG 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, FLRG currently yields 1.38% against 1.09% for IVV.
Holdings Overlap
FLRG and IVV share 67 holdings out of 538 unique holdings combined, representing a 40.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLRG or IVV?
FLRG 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, FLRG or IVV?
Over the past year FLRG returned +17.28% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), FLRG annualized +15.63% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, FLRG or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for FLRG. Worst drawdown: FLRG -19.6% vs IVV -56.5%.
Should I hold both FLRG and IVV?
FLRG and IVV have a monthly-return correlation of 0.96, 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 FLRG and IVV?
FLRG and IVV share 67 common holdings with a 40.5% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, FLRG or IVV?
FLRG yields 1.38% while IVV yields 1.09%, so FLRG currently pays the higher dividend yield.
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