FVD vs IVV
First Trust Value Line Dividend Index Fund 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 | FVD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.03% | |
| AUM | $8.3B | $907.0B | |
| Dividend Yield | 2.23% | 1.10% | |
| Holdings | 253 | 508 | |
| YTD Return | +11.52% | +14.29% | |
| 1Y Return | +13.30% | +21.79% | |
| 3Y Return (annualized) | +11.60% | +22.19% | |
| 5Y Return (annualized) | +6.49% | +13.28% | |
| Volatility (annualized) | 13.4% | 15.1% | |
| Max Drawdown | -54.1% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 19, 2003 | May 15, 2000 |
FVD vs IVV Performance
First Trust Value Line Dividend Index Fund (FVD) 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 FVD returned +13.30% while IVV returned +21.79%. Year to date, FVD is up 11.52% versus a gain of 14.29% for IVV.
Over three years, FVD compounded at +11.60% per year against +22.19% for IVV; over five years the annualized figures are +6.49% and +13.28% respectively. Across the full 21-year window we track, FVD has the edge at +7.11% annualized vs +7.06%. 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 13.4% for FVD. 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 -54.1% for FVD 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FVD charges 0.62% per year while IVV charges 0.03%. On a $10,000 position that is $62 vs $3 annually, a gap of $59 per year that compounds over a long holding period. On income, FVD currently yields 2.23% against 1.10% for IVV.
Holdings Overlap
FVD and IVV share 154 holdings out of 601 unique holdings combined, representing a 18.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FVD or IVV?
FVD has an expense ratio of 0.62% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, FVD or IVV?
Over the past year FVD returned +13.30% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (21 years), FVD annualized +7.11% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, FVD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.4% for FVD. Worst drawdown: FVD -54.1% vs IVV -56.5%.
Should I hold both FVD and IVV?
FVD and IVV have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FVD and IVV?
FVD and IVV share 154 common holdings with a 18.6% weight overlap. Combined, they hold 601 unique securities.
Which pays a higher dividend, FVD or IVV?
FVD yields 2.23% while IVV yields 1.10%, so FVD currently pays the higher dividend yield.
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