FXED vs IVV
Sound Enhanced Fixed Income 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 | FXED | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.89% | 0.03% | |
| AUM | $40M | $865.2B | |
| Dividend Yield | 4.31% | 1.09% | |
| Holdings | 60 | 508 | |
| YTD Return | +0.13% | +13.43% | |
| 1Y Return | +1.67% | +22.61% | |
| 3Y Return (annualized) | +6.16% | +21.47% | |
| 5Y Return (annualized) | +2.30% | +13.26% | |
| Volatility (annualized) | 9.7% | 15.1% | |
| Max Drawdown | -19.7% | -56.5% | |
| Fund Family | Sound Income Strategies | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 30, 2020 | May 15, 2000 |
FXED vs IVV Performance
Sound Enhanced Fixed Income ETF (FXED) is a ETF from Sound Income Strategies and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FXED returned +1.67% while IVV returned +22.61%. Year to date, FXED is up 0.13% versus a gain of 13.43% for IVV.
Over three years, FXED compounded at +6.16% per year against +21.47% for IVV; over five years the annualized figures are +2.30% and +13.26% respectively. Across the full 6-year window we track, IVV has the edge at +7.03% annualized vs +3.32%. 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 9.7% for FXED. 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 -19.7% for FXED 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FXED charges 1.89% per year while IVV charges 0.03%. On a $10,000 position that is $189 vs $3 annually, a gap of $186 per year that compounds over a long holding period. On income, FXED currently yields 4.31% against 1.09% for IVV.
Holdings Overlap
FXED and IVV share 4 holdings out of 558 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FXED or IVV?
FXED has an expense ratio of 1.89% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $186 per year of difference.
Which performed better, FXED or IVV?
Over the past year FXED returned +1.67% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), FXED annualized +3.32% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FXED or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for FXED. Worst drawdown: FXED -19.7% vs IVV -56.5%.
Should I hold both FXED and IVV?
FXED and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FXED and IVV?
FXED and IVV share 4 common holdings with a 0.3% weight overlap. Combined, they hold 558 unique securities.
Which pays a higher dividend, FXED or IVV?
FXED yields 4.31% while IVV yields 1.09%, so FXED currently pays the higher dividend yield.
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