FXZ vs IVV
First Trust Materials AlphaDEX Fund vs iShares Core S&P 500 ETF
Which is better, FXZ or IVV?
Mid Cap Value against Large Cap Blend.
IVV has a lower expense ratio. FXZ led over 1Y, IVV over 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 46.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FXZ | IVV |
|---|---|---|
| Expense Ratio | 0.64% | 0.03%Best |
| AUM | $393M | $876.4B |
| Dividend Yield | 1.27% | 1.06% |
| Holdings | 80 | 508 |
| YTD Return | +23.30%Best | +11.03% |
| 1Y Return | +32.77%Best | +15.62% |
| 3Y Return (annualized) | +10.14% | +20.81%Best |
| 5Y Return (annualized) | +9.16% | +12.61%Best |
| Volatility (annualized) | 24.6% | 15.6%Best |
| Max Drawdown | -66.0% | -56.5%Best |
| $10,000 over 5 years | $15,499 | $18,109Best |
| Top 10 Weight | 46.1% | 37.8%Best |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | May 8, 2007 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 10, 2007 to Sep 16, 2026 (19.4 years).
FXZ vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.4 years both funds cover.
FXZ vs IVV Performance
First Trust Materials AlphaDEX Fund (FXZ) is an ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FXZ returned +32.77% while IVV returned +15.62%. Year to date, FXZ is up 23.30% versus a gain of 11.03% for IVV.
Over three years, FXZ compounded at +10.14% per year against +20.81% for IVV; over five years the annualized figures are +9.16% and +12.61% respectively. Across the full 19-year window we track, IVV has the edge at +9.17% annualized vs +8.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXZ has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 15.6% 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 -66.0% for FXZ and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FXZ charges 0.64% per year while IVV charges 0.03%. On a $10,000 position that is $64 vs $3 annually, a gap of $61 per year that compounds over a long holding period. On income, FXZ currently yields 1.27% against 1.06% for IVV.
Holdings Overlap
39.6% of FXZ's money is in holdings IVV also owns. 1.3% of IVV's money is in holdings FXZ also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 39 positions we hold weights for in FXZ and 490 in IVV, against full books of 80 and 508.
What only one of them owns
Our book lists 467 positions for IVV that do not appear in our book for FXZ (97.3% of the fund), and 21 for FXZ that do not appear in IVV (46.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FXZ | Weight in IVV | Difference |
|---|---|---|---|
| NEMNewmont Corp Common | 5.89% | 0.20% | 5.69% |
| CFCf Industries Holdings Inc. | 5.23% | 0.03% | 5.20% |
| STLDSteel Dynamics, Inc. | 4.42% | 0.05% | 4.37% |
| NUENucor Corp. | 3.42% | 0.09% | 3.33% |
| MOSMosaic Co | 3.48% | 0.01% | 3.47% |
| IFFInternational Flavors & Fragrances Inc. | 3.33% | 0.03% | 3.30% |
| AVYAvery Dennison Corp. | 2.46% | 0.02% | 2.44% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 1.84% | 0.16% | 1.68% |
| LYBLyondellbasell-a | 1.89% | 0.03% | 1.86% |
| LINLinde Plc Ordinary Shares | 1.44% | 0.34% | 1.10% |
39.6% of FXZ is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FXZ or IVV?
FXZ has an expense ratio of 0.64% while IVV charges 0.03%. IVV is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, FXZ or IVV?
Over the past year FXZ returned +32.77% vs +15.62% for IVV, so FXZ leads on 1-year performance. Over the longest common window we track (19 years), FXZ annualized +8.05% vs +9.17% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXZ or IVV?
FXZ has been the more volatile fund at 24.6% annualized versus 15.6% for IVV. Worst drawdown: FXZ -66.0% vs IVV -56.5%.
Should I hold both FXZ and IVV?
FXZ and IVV have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FXZ and IVV?
39.6% of FXZ's money is in holdings IVV also owns. 1.3% of IVV's is in holdings FXZ also owns. They hold 15 positions in common, counted across the 39 positions we hold weights for in FXZ and 490 in IVV.
Which pays a higher dividend, FXZ or IVV?
FXZ yields 1.27% while IVV yields 1.06%, so FXZ currently pays the higher dividend yield.
Is IVV better than FXZ?
IVV has a lower expense ratio. FXZ led over 1Y, IVV over 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 46.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.