FLXN vs IVV
Horizon Flexible Income 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 508 holdings.
Side-by-Side Comparison
| Metric | FLXN | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.82% | 0.03% | |
| AUM | $80M | $907.0B | |
| Dividend Yield | 8.82% | 1.10% | |
| Holdings | 5 | 508 | |
| YTD Return | -1.89% | +12.28% | |
| 1Y Return | -0.95% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 3.7% | 15.1% | |
| Max Drawdown | -5.9% | -56.5% | |
| Fund Family | Horizon Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 2, 2025 | May 15, 2000 |
FLXN vs IVV Performance
Horizon Flexible Income ETF (FLXN) is a ETF from Horizon Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLXN returned -0.95% while IVV returned +20.94%. Year to date, FLXN is down 1.89% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.7% for FLXN. 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 -5.9% for FLXN 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLXN charges 0.82% per year while IVV charges 0.03%. On a $10,000 position that is $82 vs $3 annually, a gap of $79 per year that compounds over a long holding period. On income, FLXN currently yields 8.82% against 1.10% for IVV.
Holdings Overlap
FLXN and IVV share 0 holdings out of 507 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, FLXN or IVV?
FLXN has an expense ratio of 0.82% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, FLXN or IVV?
Over the past year FLXN returned -0.95% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), FLXN annualized -0.12% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FLXN or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.7% for FLXN. Worst drawdown: FLXN -5.9% vs IVV -56.5%.
Should I hold both FLXN and IVV?
FLXN and IVV have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLXN and IVV?
FLXN and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, FLXN or IVV?
FLXN yields 8.82% while IVV yields 1.10%, so FLXN currently pays the higher dividend yield.
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