FMKT vs IVV
The Free Markets 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 | FMKT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.03% | |
| AUM | $12M | $907.0B | |
| Dividend Yield | 2.14% | 1.10% | |
| Holdings | 45 | 508 | |
| YTD Return | +1.54% | +12.28% | |
| 1Y Return | +6.50% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 14.0% | 15.1% | |
| Max Drawdown | -17.8% | -56.5% | |
| Fund Family | Tidal ETF Trust | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 9, 2025 | May 15, 2000 |
FMKT vs IVV Performance
The Free Markets ETF (FMKT) is a ETF from Tidal ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FMKT returned +6.50% while IVV returned +20.94%. Year to date, FMKT is up 1.54% 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 14.0% for FMKT. 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 -17.8% for FMKT 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMKT charges 0.76% per year while IVV charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, FMKT currently yields 2.14% against 1.10% for IVV.
Holdings Overlap
FMKT and IVV share 29 holdings out of 520 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMKT or IVV?
FMKT has an expense ratio of 0.76% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, FMKT or IVV?
Over the past year FMKT returned +6.50% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), FMKT annualized +12.60% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FMKT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.0% for FMKT. Worst drawdown: FMKT -17.8% vs IVV -56.5%.
Should I hold both FMKT and IVV?
FMKT and IVV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMKT and IVV?
FMKT and IVV share 29 common holdings with a 7.8% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, FMKT or IVV?
FMKT yields 2.14% while IVV yields 1.10%, so FMKT currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.