FPX vs IVV
First Trust US Equity Opportunities ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FPX delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FPX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.03% | |
| AUM | $1.5B | $907.0B | |
| Dividend Yield | 0.48% | 1.10% | |
| Holdings | 102 | 508 | |
| YTD Return | +12.98% | +12.96% | |
| 1Y Return | +23.86% | +20.70% | |
| 3Y Return (annualized) | +30.77% | +22.10% | |
| 5Y Return (annualized) | +8.88% | +13.40% | |
| Volatility (annualized) | 20.6% | 15.1% | |
| Max Drawdown | -56.4% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 12, 2006 | May 15, 2000 |
FPX vs IVV Performance
First Trust US Equity Opportunities ETF (FPX) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FPX returned +23.86% while IVV returned +20.70%. Year to date, FPX is up 12.98% versus a gain of 12.96% for IVV.
Over three years, FPX compounded at +30.77% per year against +22.10% for IVV; over five years the annualized figures are +8.88% and +13.40% respectively. Across the full 20-year window we track, FPX has the edge at +11.69% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPX has been the more volatile fund, with annualized monthly volatility of 20.6% 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 -56.4% for FPX 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPX charges 0.57% per year while IVV charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, FPX currently yields 0.48% against 1.10% for IVV.
Holdings Overlap
FPX and IVV share 20 holdings out of 585 unique holdings combined, representing a 4.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPX or IVV?
FPX has an expense ratio of 0.57% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, FPX or IVV?
Over the past year FPX returned +23.86% vs +20.70% for IVV, so FPX leads on 1-year performance. Over the longest common window we track (20 years), FPX annualized +11.69% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, FPX or IVV?
FPX has been the more volatile fund at 20.6% annualized versus 15.1% for IVV. Worst drawdown: FPX -56.4% vs IVV -56.5%.
Should I hold both FPX and IVV?
FPX and IVV have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPX and IVV?
FPX and IVV share 20 common holdings with a 4.2% weight overlap. Combined, they hold 585 unique securities.
Which pays a higher dividend, FPX or IVV?
FPX yields 0.48% while IVV yields 1.10%, so IVV 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.