FNCMX vs IVV
Fidelity NASDAQ Composite Index vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FNCMX delivered stronger 1-year returns. FNCMX offers more diversification with 2826 holdings.
Side-by-Side Comparison
| Metric | FNCMX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | - | $865.2B | |
| Dividend Yield | 0.45% | 1.09% | |
| Holdings | 2,946 | 508 | |
| YTD Return | +14.87% | +13.43% | |
| 1Y Return | +24.49% | +22.61% | |
| 3Y Return (annualized) | +25.16% | +21.47% | |
| 5Y Return (annualized) | +12.68% | +13.26% | |
| Volatility (annualized) | 20.1% | 15.1% | |
| Max Drawdown | -36.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2003 | May 15, 2000 |
FNCMX vs IVV Performance
Fidelity NASDAQ Composite Index (FNCMX) is a mutual fund from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FNCMX returned +24.49% while IVV returned +22.61%. Year to date, FNCMX is up 14.87% versus a gain of 13.43% for IVV.
Over three years, FNCMX compounded at +25.16% per year against +21.47% for IVV; over five years the annualized figures are +12.68% and +13.26% respectively. Across the full 5-year window we track, FNCMX has the edge at +12.68% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCMX has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -36.8% for FNCMX 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNCMX charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FNCMX currently yields 0.45% against 1.09% for IVV.
Holdings Overlap
FNCMX and IVV share 159 holdings out of 3172 unique holdings combined, representing a 51.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FNCMX or IVV?
FNCMX has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FNCMX or IVV?
Over the past year FNCMX returned +24.49% vs +22.61% for IVV, so FNCMX leads on 1-year performance. Over the longest common window we track (5 years), FNCMX annualized +12.68% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FNCMX or IVV?
FNCMX has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: FNCMX -36.8% vs IVV -56.5%.
Should I hold both FNCMX and IVV?
FNCMX and IVV have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FNCMX and IVV?
FNCMX and IVV share 159 common holdings with a 51.2% weight overlap. Combined, they hold 3172 unique securities.
Which pays a higher dividend, FNCMX or IVV?
FNCMX yields 0.45% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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