FXD vs IVV
First Trust Consumer Discretionary AlphaDEX 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 | FXD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $273M | $907.0B | |
| Dividend Yield | 0.60% | 1.10% | |
| Holdings | 113 | 508 | |
| YTD Return | +1.96% | +13.22% | |
| 1Y Return | +4.58% | +21.62% | |
| 3Y Return (annualized) | +10.23% | +22.17% | |
| 5Y Return (annualized) | +4.01% | +13.42% | |
| Volatility (annualized) | 22.4% | 15.1% | |
| Max Drawdown | -65.7% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 8, 2007 | May 15, 2000 |
FXD vs IVV Performance
First Trust Consumer Discretionary AlphaDEX Fund (FXD) 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 FXD returned +4.58% while IVV returned +21.62%. Year to date, FXD is up 1.96% versus a gain of 13.22% for IVV.
Over three years, FXD compounded at +10.23% per year against +22.17% for IVV; over five years the annualized figures are +4.01% and +13.42% respectively. Across the full 19-year window we track, IVV has the edge at +7.02% annualized vs +6.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXD has been the more volatile fund, with annualized monthly volatility of 22.4% 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 -65.7% for FXD 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FXD 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, FXD currently yields 0.60% against 1.10% for IVV.
Holdings Overlap
FXD and IVV share 48 holdings out of 569 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FXD or IVV?
FXD 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, FXD or IVV?
Over the past year FXD returned +4.58% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), FXD annualized +6.96% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FXD or IVV?
FXD has been the more volatile fund at 22.4% annualized versus 15.1% for IVV. Worst drawdown: FXD -65.7% vs IVV -56.5%.
Should I hold both FXD and IVV?
FXD and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FXD and IVV?
FXD and IVV share 48 common holdings with a 4.3% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, FXD or IVV?
FXD yields 0.60% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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