FLSP vs IVV
Franklin Systematic Style Premia ETF vs iShares Core S&P 500 ETF
Which is better, FLSP or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLSP | IVV |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $1.1B | $876.4B |
| Dividend Yield | 2.54% | 1.06% |
| Holdings | 598 | 508 |
| YTD Return | +7.48% | +12.39%Best |
| 1Y Return | +13.73% | +16.61%Best |
| 3Y Return (annualized) | +9.95% | +21.38%Best |
| 5Y Return (annualized) | +9.03% | +13.51%Best |
| Volatility (annualized) | 8.1%Best | 16.9% |
| Max Drawdown | -22.8%Best | -33.9% |
| $10,000 over 5 years | $15,407 | $18,844Best |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Dec 18, 2019 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 23, 2019 to Sep 18, 2026 (6.7 years).
FLSP vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.7 years both funds cover.
FLSP vs IVV Performance
Franklin Systematic Style Premia ETF (FLSP) is an ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FLSP returned +13.73% while IVV returned +16.61%. Year to date, FLSP is up 7.48% versus a gain of 12.39% for IVV.
Over three years, FLSP compounded at +9.95% per year against +21.38% for IVV; over five years the annualized figures are +9.03% and +13.51% respectively. Across the full 7-year window we track, IVV has the edge at +15.02% annualized vs +4.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 8.1% for FLSP. 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 -22.8% for FLSP and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.09. They move largely independently of each other.
Fees and Cost Over Time
FLSP charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, FLSP currently yields 2.54% against 1.06% for IVV.
Holdings Overlap
At least 27.7% of IVV's money is in holdings FLSP also owns.
Stated as a floor: for FLSP, our book for it covers 91.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and FLSP share little of their money.
151 positions in common, counted across the 272 positions we hold weights for in FLSP and 490 in IVV, against full books of 598 and 508.
Top Shared Holdings
| Stock | Weight in FLSP | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 1.27% | 5.69% | 4.42% |
| GOOGAlphabet Inc | 1.53% | 2.39% | 0.86% |
| MUMicron Technology, Inc. | 1.47% | 1.63% | 0.16% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.96% | 0.66% | 0.30% |
| GEGeneral Electric Co. | 1.05% | 0.53% | 0.52% |
| LRCXLrcx Uw Equity | 1.00% | 0.57% | 0.43% |
| CRMSalesforce Inc Crm Us Equity | 1.09% | 0.32% | 0.77% |
| CCitigroup Inc. | 1.01% | 0.34% | 0.67% |
| RTXRaytheon Co. | 0.88% | 0.42% | 0.46% |
| AMATApplied Materials, Inc. | 0.73% | 0.55% | 0.18% |
27.7% of IVV is already inside FLSP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLSP or IVV?
FLSP has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, FLSP or IVV?
Over the past year FLSP returned +13.73% vs +16.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), FLSP annualized +4.77% vs +15.02% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLSP or IVV?
IVV has been the more volatile fund at 16.9% annualized versus 8.1% for FLSP. Worst drawdown: FLSP -22.8% vs IVV -33.9%.
Should I hold both FLSP and IVV?
FLSP and IVV have a monthly-return correlation of 0.09, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLSP and IVV?
At least 27.7% of IVV's money is in holdings FLSP also owns. Our book for FLSP is partial, so the real figure is this or higher. They hold 151 positions in common, counted across the 272 positions we hold weights for in FLSP and 490 in IVV.
Which pays a higher dividend, FLSP or IVV?
FLSP yields 2.54% while IVV yields 1.06%, so FLSP currently pays the higher dividend yield.
Is IVV better than FLSP?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.