FMED vs IVV
Fidelity Disruptive Medicine ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FMED delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FMED | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $46M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 74 | 508 | |
| YTD Return | +12.02% | +14.50% | |
| 1Y Return | +25.62% | +22.02% | |
| 3Y Return (annualized) | +8.16% | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 18.6% | 15.1% | |
| Max Drawdown | -21.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | May 15, 2000 |
FMED vs IVV Performance
Fidelity Disruptive Medicine ETF (FMED) 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 FMED returned +25.62% while IVV returned +22.02%. Year to date, FMED is up 12.02% versus a gain of 14.50% for IVV.
Over three years, FMED compounded at +8.16% per year against +21.80% for IVV. Across the full 3-year window we track, IVV has the edge at +7.07% annualized vs +5.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMED has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.1% for IVV. 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 -21.8% for FMED 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMED charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, FMED currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
FMED and IVV share 13 holdings out of 563 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMED or IVV?
FMED has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, FMED or IVV?
Over the past year FMED returned +25.62% vs +22.02% for IVV, so FMED leads on 1-year performance. Over the longest common window we track (3 years), FMED annualized +5.99% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, FMED or IVV?
FMED has been the more volatile fund at 18.6% annualized versus 15.1% for IVV. Worst drawdown: FMED -21.8% vs IVV -56.5%.
Should I hold both FMED and IVV?
FMED and IVV have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMED and IVV?
FMED and IVV share 13 common holdings with a 2.6% weight overlap. Combined, they hold 563 unique securities.
Which pays a higher dividend, FMED or IVV?
FMED yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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