FNCL vs IVV
Fidelity MSCI Financials Index 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 | FNCL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $2.4B | $907.0B | |
| Dividend Yield | 1.56% | 1.10% | |
| Holdings | 389 | 508 | |
| YTD Return | +7.34% | +12.76% | |
| 1Y Return | +11.20% | +20.63% | |
| 3Y Return (annualized) | +22.18% | +21.71% | |
| 5Y Return (annualized) | +10.59% | +12.87% | |
| Volatility (annualized) | 18.6% | 15.1% | |
| Max Drawdown | -45.0% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | May 15, 2000 |
FNCL vs IVV Performance
Fidelity MSCI Financials Index ETF (FNCL) 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 FNCL returned +11.20% while IVV returned +20.63%. Year to date, FNCL is up 7.34% versus a gain of 12.76% for IVV.
Over three years, FNCL compounded at +22.18% per year against +21.71% for IVV; over five years the annualized figures are +10.59% and +12.87% respectively. Across the full 13-year window we track, FNCL has the edge at +10.71% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCL 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 -45.0% for FNCL 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNCL charges 0.08% per year while IVV charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, FNCL currently yields 1.56% against 1.10% for IVV.
Holdings Overlap
FNCL and IVV share 72 holdings out of 805 unique holdings combined, representing a 10.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNCL or IVV?
FNCL has an expense ratio of 0.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, FNCL or IVV?
Over the past year FNCL returned +11.20% vs +20.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), FNCL annualized +10.71% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, FNCL or IVV?
FNCL has been the more volatile fund at 18.6% annualized versus 15.1% for IVV. Worst drawdown: FNCL -45.0% vs IVV -56.5%.
Should I hold both FNCL and IVV?
FNCL and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNCL and IVV?
FNCL and IVV share 72 common holdings with a 10.7% weight overlap. Combined, they hold 805 unique securities.
Which pays a higher dividend, FNCL or IVV?
FNCL yields 1.56% while IVV yields 1.10%, so FNCL 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.