FMKT vs IVV
The Free Markets ETF vs iShares Core S&P 500 ETF
Which is better, FMKT or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 44.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMKT | IVV |
|---|---|---|
| Expense Ratio | 0.76% | 0.03%Best |
| AUM | $12M | $876.4B |
| Dividend Yield | 2.14% | 1.06% |
| Holdings | 45 | 508 |
| YTD Return | +0.82% | +11.57%Best |
| 1Y Return | +1.35% | +17.57%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 13.7% | 12.1%Best |
| Max Drawdown | -17.8% | -8.9%Best |
| $10,000 over 1.3 years | $11,500 | $12,877Best |
| Top 10 Weight | 44.7% | 37.9%Best |
| Fund Family | Tidal ETF Trust | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 9, 2025 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 10, 2025 to Sep 10, 2026 (1.3 years).
FMKT vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
FMKT vs IVV Performance
The Free Markets ETF (FMKT) is an ETF from Tidal ETF Trust and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FMKT returned +1.35% while IVV returned +17.57%. Year to date, FMKT is up 0.82% versus a gain of 11.57% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMKT has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 12.1% 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 -17.8% for FMKT and -8.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% for IVV.
Holdings Overlap
79.1% of FMKT's money is in holdings IVV also owns. 9.8% of IVV's money is in holdings FMKT also owns.
Most of FMKT is already inside IVV. Owning both mostly buys the same companies twice.
29 positions in common, counted across the 44 positions we hold weights for in FMKT and 505 in IVV, against full books of 45 and 508.
What only one of them owns
Our book lists 466 positions for IVV that do not appear in our book for FMKT (89.5% of the fund), and 14 for FMKT that do not appear in IVV (19.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FMKT | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 3.99% | 5.44% | 1.45% |
| ADMArcher-Daniels-Midland Co. | 5.48% | 0.06% | 5.42% |
| WELLWelltower Inc | 5.10% | 0.25% | 4.85% |
| ORCLOracle Corp. | 4.79% | 0.37% | 4.42% |
| HOODRobinhood Markets Inc - A | 4.81% | 0.11% | 4.70% |
| IBKRInteractive Brokers Group Inc | 4.57% | 0.06% | 4.51% |
| HWMHowmet Aerospace Inc. | 4.40% | 0.18% | 4.22% |
| EMEEmcor Group Inc | 4.37% | 0.05% | 4.32% |
| BIIBBiogen Inc. | 3.87% | 0.05% | 3.82% |
| BXBlackstone Group Inc/the Common Stock | 3.18% | 0.15% | 3.03% |
79.1% of FMKT is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $73 a year on a $10,000 investment.
Which performed better, FMKT or IVV?
Over the past year FMKT returned +1.35% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), FMKT annualized +11.35% vs +21.47% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMKT or IVV?
FMKT has been the more volatile fund at 13.7% annualized versus 12.1% for IVV. Worst drawdown: FMKT -17.8% vs IVV -8.9%.
Should I hold both FMKT and IVV?
FMKT and IVV have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMKT and IVV?
79.1% of FMKT's money is in holdings IVV also owns. 9.8% of IVV's is in holdings FMKT also owns. They hold 29 positions in common, counted across the 44 positions we hold weights for in FMKT and 505 in IVV.
Which pays a higher dividend, FMKT or IVV?
FMKT yields 2.14% while IVV yields 1.06%, so FMKT currently pays the higher dividend yield.
Is IVV better than FMKT?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 44.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.