FLSP vs IVV
Franklin Systematic Style Premia 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 | FLSP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $1.0B | $865.2B | |
| Dividend Yield | 2.61% | 1.09% | |
| Holdings | 598 | 508 | |
| YTD Return | +5.10% | +13.72% | |
| 1Y Return | +14.52% | +21.64% | |
| 3Y Return (annualized) | +10.12% | +21.55% | |
| 5Y Return (annualized) | +7.93% | +13.27% | |
| Volatility (annualized) | 8.1% | 15.1% | |
| Max Drawdown | -22.8% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 18, 2019 | May 15, 2000 |
FLSP vs IVV Performance
Franklin Systematic Style Premia ETF (FLSP) 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 FLSP returned +14.52% while IVV returned +21.64%. Year to date, FLSP is up 5.10% versus a gain of 13.72% for IVV.
Over three years, FLSP compounded at +10.12% per year against +21.55% for IVV; over five years the annualized figures are +7.93% and +13.27% respectively. Across the full 7-year window we track, IVV has the edge at +7.04% annualized vs +4.49%. 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 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 -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 0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.61% against 1.09% for IVV.
Holdings Overlap
FLSP and IVV share 250 holdings out of 737 unique holdings combined, representing a 18.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $62 per year of difference.
Which performed better, FLSP or IVV?
Over the past year FLSP returned +14.52% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), FLSP annualized +4.49% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FLSP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.1% for FLSP. Worst drawdown: FLSP -22.8% vs IVV -56.5%.
Should I hold both FLSP and IVV?
FLSP and IVV have a monthly-return correlation of 0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLSP and IVV?
FLSP and IVV share 250 common holdings with a 18.2% weight overlap. Combined, they hold 737 unique securities.
Which pays a higher dividend, FLSP or IVV?
FLSP yields 2.61% while IVV yields 1.09%, so FLSP currently pays the higher dividend yield.
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