FRTY vs IVV
Alger Mid Cap 40 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 505 holdings.
Side-by-Side Comparison
| Metric | FRTY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $140M | $865.2B | |
| Dividend Yield | 0.17% | 1.09% | |
| Holdings | 41 | 508 | |
| YTD Return | +10.29% | +13.72% | |
| 1Y Return | +14.90% | +21.64% | |
| 3Y Return (annualized) | +23.79% | +21.55% | |
| 5Y Return (annualized) | +2.78% | +13.27% | |
| Volatility (annualized) | 23.1% | 15.1% | |
| Max Drawdown | -53.1% | -56.5% | |
| Fund Family | Alger | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2021 | May 15, 2000 |
FRTY vs IVV Performance
Alger Mid Cap 40 ETF (FRTY) is a ETF from Alger and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FRTY returned +14.90% while IVV returned +21.64%. Year to date, FRTY is up 10.29% versus a gain of 13.72% for IVV.
Over three years, FRTY compounded at +23.79% per year against +21.55% for IVV; over five years the annualized figures are +2.78% and +13.27% respectively. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs +3.60%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRTY has been the more volatile fund, with annualized monthly volatility of 23.1% 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 -53.1% for FRTY 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FRTY charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, FRTY currently yields 0.17% against 1.09% for IVV.
Holdings Overlap
FRTY and IVV share 15 holdings out of 530 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FRTY or IVV?
FRTY has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, FRTY or IVV?
Over the past year FRTY returned +14.90% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), FRTY annualized +3.60% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FRTY or IVV?
FRTY has been the more volatile fund at 23.1% annualized versus 15.1% for IVV. Worst drawdown: FRTY -53.1% vs IVV -56.5%.
Should I hold both FRTY and IVV?
FRTY and IVV have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FRTY and IVV?
FRTY and IVV share 15 common holdings with a 1.8% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, FRTY or IVV?
FRTY yields 0.17% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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