FMCE vs IVV
FM Compounders Equity 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 | FMCE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.03% | |
| AUM | $67M | $865.2B | |
| Dividend Yield | 2.82% | 1.09% | |
| Holdings | 30 | 508 | |
| YTD Return | +11.09% | +13.43% | |
| 1Y Return | +16.00% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 11.7% | 15.1% | |
| Max Drawdown | -11.7% | -56.5% | |
| Fund Family | First Manhattan | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2024 | May 15, 2000 |
FMCE vs IVV Performance
FM Compounders Equity ETF (FMCE) is a ETF from First Manhattan and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FMCE returned +16.00% while IVV returned +22.61%. Year to date, FMCE is up 11.09% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.7% for FMCE. 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 -11.7% for FMCE 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMCE charges 0.72% per year while IVV charges 0.03%. On a $10,000 position that is $72 vs $3 annually, a gap of $69 per year that compounds over a long holding period. On income, FMCE currently yields 2.82% against 1.09% for IVV.
Holdings Overlap
FMCE and IVV share 27 holdings out of 509 unique holdings combined, representing a 20.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMCE or IVV?
FMCE has an expense ratio of 0.72% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, FMCE or IVV?
Over the past year FMCE returned +16.00% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FMCE annualized +11.10% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FMCE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for FMCE. Worst drawdown: FMCE -11.7% vs IVV -56.5%.
Should I hold both FMCE and IVV?
FMCE and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMCE and IVV?
FMCE and IVV share 27 common holdings with a 20.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, FMCE or IVV?
FMCE yields 2.82% while IVV yields 1.09%, so FMCE currently pays the higher dividend yield.
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