FPFD vs IVV
Fidelity Preferred Securities & Income 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 | FPFD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $81M | $907.0B | |
| Dividend Yield | 5.81% | 1.10% | |
| Holdings | 333 | 508 | |
| YTD Return | -3.04% | +14.29% | |
| 1Y Return | -1.09% | +21.79% | |
| 3Y Return (annualized) | +5.71% | +22.19% | |
| 5Y Return (annualized) | +0.63% | +13.28% | |
| Volatility (annualized) | 8.4% | 15.1% | |
| Max Drawdown | -20.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 15, 2021 | May 15, 2000 |
FPFD vs IVV Performance
Fidelity Preferred Securities & Income ETF (FPFD) 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 FPFD returned -1.09% while IVV returned +21.79%. Year to date, FPFD is down 3.04% versus a gain of 14.29% for IVV.
Over three years, FPFD compounded at +5.71% per year against +22.19% for IVV; over five years the annualized figures are +0.63% and +13.28% respectively. Across the full 5-year window we track, IVV has the edge at +7.06% annualized vs +0.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.4% for FPFD. 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 -20.8% for FPFD 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FPFD charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, FPFD currently yields 5.81% against 1.10% for IVV.
Holdings Overlap
FPFD and IVV share 24 holdings out of 560 unique holdings combined, representing a 4.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPFD or IVV?
FPFD has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, FPFD or IVV?
Over the past year FPFD returned -1.09% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), FPFD annualized +0.91% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, FPFD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.4% for FPFD. Worst drawdown: FPFD -20.8% vs IVV -56.5%.
Should I hold both FPFD and IVV?
FPFD and IVV have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPFD and IVV?
FPFD and IVV share 24 common holdings with a 4.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, FPFD or IVV?
FPFD yields 5.81% while IVV yields 1.10%, so FPFD currently pays the higher dividend yield.
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