FXP vs IVV
ProShares Ultrashort FTSE China 50 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 | FXP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $6M | $865.2B | |
| Dividend Yield | 2.55% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +22.27% | +13.72% | |
| 1Y Return | +7.61% | +21.64% | |
| 3Y Return (annualized) | -29.03% | +21.55% | |
| 5Y Return (annualized) | -19.77% | +13.27% | |
| Volatility (annualized) | 48.2% | 15.1% | |
| Max Drawdown | -99.9% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | May 15, 2000 |
FXP vs IVV Performance
ProShares Ultrashort FTSE China 50 (FXP) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FXP returned +7.61% while IVV returned +21.64%. Year to date, FXP is up 22.27% versus a gain of 13.72% for IVV.
Over three years, FXP compounded at -29.03% per year against +21.55% for IVV; over five years the annualized figures are -19.77% and +13.27% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs -28.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXP has been the more volatile fund, with annualized monthly volatility of 48.2% 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 -99.9% for FXP 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 -0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FXP charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, FXP currently yields 2.55% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, FXP or IVV?
FXP has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, FXP or IVV?
Over the past year FXP returned +7.61% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), FXP annualized -28.50% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FXP or IVV?
FXP has been the more volatile fund at 48.2% annualized versus 15.1% for IVV. Worst drawdown: FXP -99.9% vs IVV -56.5%.
Should I hold both FXP and IVV?
FXP and IVV have a monthly-return correlation of -0.38, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FXP or IVV?
FXP yields 2.55% while IVV yields 1.09%, so FXP currently pays the higher dividend yield.
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