FVAL vs IVV
Fidelity Value Factor ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FVAL delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FVAL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $1.3B | $865.2B | |
| Dividend Yield | 1.61% | 1.09% | |
| Holdings | 129 | 508 | |
| YTD Return | +15.59% | +13.80% | |
| 1Y Return | +29.48% | +23.01% | |
| 3Y Return (annualized) | +20.66% | +21.77% | |
| 5Y Return (annualized) | +12.87% | +13.39% | |
| Volatility (annualized) | 16.4% | 15.1% | |
| Max Drawdown | -37.7% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | May 15, 2000 |
FVAL vs IVV Performance
Fidelity Value Factor ETF (FVAL) 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 FVAL returned +29.48% while IVV returned +23.01%. Year to date, FVAL is up 15.59% versus a gain of 13.80% for IVV.
Over three years, FVAL compounded at +20.66% per year against +21.77% for IVV; over five years the annualized figures are +12.87% and +13.39% respectively. Across the full 10-year window we track, FVAL has the edge at +13.87% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FVAL has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -37.7% for FVAL 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FVAL charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FVAL currently yields 1.61% against 1.09% for IVV.
Holdings Overlap
FVAL and IVV share 97 holdings out of 534 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, FVAL or IVV?
FVAL has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FVAL or IVV?
Over the past year FVAL returned +29.48% vs +23.01% for IVV, so FVAL leads on 1-year performance. Over the longest common window we track (10 years), FVAL annualized +13.87% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FVAL or IVV?
FVAL has been the more volatile fund at 16.4% annualized versus 15.1% for IVV. Worst drawdown: FVAL -37.7% vs IVV -56.5%.
Should I hold both FVAL and IVV?
FVAL and IVV have a monthly-return correlation of 0.97, 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 FVAL and IVV?
FVAL and IVV share 97 common holdings with a 51.2% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, FVAL or IVV?
FVAL yields 1.61% while IVV yields 1.09%, so FVAL 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.