FRTY vs IVV
Alger Mid Cap 40 ETF vs iShares Core S&P 500 ETF
Which is better, FRTY or IVV?
Mid Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. FRTY led over 3Y, IVV over 1Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 48.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FRTY | IVV |
|---|---|---|
| Expense Ratio | 0.60% | 0.03%Best |
| AUM | $155M | $882.6B |
| Dividend Yield | 0.18% | 1.06% |
| Holdings | 43 | 508 |
| YTD Return | +10.15% | +12.76%Best |
| 1Y Return | +5.88% | +15.57%Best |
| 3Y Return (annualized) | +25.20%Best | +22.95% |
| 5Y Return (annualized) | +1.86% | +13.54%Best |
| Volatility (annualized) | 22.7% | 15.2%Best |
| Max Drawdown | -53.1% | -24.5%Best |
| $10,000 over 5 years | $10,965 | $18,869Best |
| Top 10 Weight | 48.7% | 38.1%Best |
| Fund Family | Alger | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Feb 26, 2021 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Mar 1, 2021 to Oct 1, 2026 (5.6 years).
FRTY vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
FRTY vs IVV Performance
Alger Mid Cap 40 ETF (FRTY) is an ETF from Alger and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FRTY returned +5.88% while IVV returned +15.57%. Year to date, FRTY is up 10.15% versus a gain of 12.76% for IVV.
Over three years, FRTY compounded at +25.20% per year against +22.95% for IVV; over five years the annualized figures are +1.86% and +13.54% respectively. Across the full 6-year window we track, IVV has the edge at +14.45% annualized vs +3.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRTY has been the more volatile fund, with annualized monthly volatility of 22.7% compared with 15.2% 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 -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.18% against 1.06% for IVV.
Holdings Overlap
25.3% of FRTY's money is in holdings IVV also owns. 1.5% of IVV's money is in holdings FRTY also owns.
FRTY and IVV share little of their money.
13 positions in common, counted across the 40 positions we hold weights for in FRTY and 505 in IVV, against full books of 43 and 508.
What only one of them owns
Our book lists 484 positions for IVV that do not appear in our book for FRTY (97.7% of the fund), and 23 for FRTY that do not appear in IVV (68.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FRTY | Weight in IVV | Difference |
|---|---|---|---|
| FIXComfort Systems USA Inc. | 3.24% | 0.09% | 3.15% |
| MPWRMonolithic Power Systems Inc | 2.76% | 0.09% | 2.67% |
| BIIBBiogen Inc. Com | 2.60% | 0.05% | 2.55% |
| HOODRobinhood Markets Inc - A | 2.43% | 0.13% | 2.30% |
| AXONAxon Enterprise Inc | 2.30% | 0.06% | 2.24% |
| SNPSSynopsys | 2.20% | 0.12% | 2.08% |
| DDOGDatadog Inc | 1.94% | 0.11% | 1.83% |
| MCHPMicrochip Technology Inc. | 1.83% | 0.06% | 1.77% |
| WSTWest Pharmaceutical Services Inc | 1.77% | 0.04% | 1.73% |
| WDCWestern Digital Corp. | 1.30% | 0.23% | 1.07% |
25.3% of FRTY is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $57 a year on a $10,000 investment.
Which performed better, FRTY or IVV?
Over the past year FRTY returned +5.88% vs +15.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), FRTY annualized +3.48% vs +14.45% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FRTY or IVV?
FRTY has been the more volatile fund at 22.7% annualized versus 15.2% for IVV. Worst drawdown: FRTY -53.1% vs IVV -24.5%.
Should I hold both FRTY and IVV?
FRTY and IVV have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FRTY and IVV?
25.3% of FRTY's money is in holdings IVV also owns. 1.5% of IVV's is in holdings FRTY also owns. They hold 13 positions in common, counted across the 40 positions we hold weights for in FRTY and 505 in IVV.
Which pays a higher dividend, FRTY or IVV?
FRTY yields 0.18% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than FRTY?
IVV has a lower expense ratio. FRTY led over 3Y, IVV over 1Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 48.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.