FZFXX vs IVV
Fidelity Treasury Money Market Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FZFXX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.03% | |
| AUM | $41.6B | $907.0B | |
| Dividend Yield | 3.17% | 1.10% | |
| Holdings | 170 | 508 | |
| YTD Return | +0.00% | +12.76% | |
| 1Y Return | - | +20.63% | |
| 3Y Return (annualized) | - | +21.71% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | - | 15.1% | |
| Max Drawdown | 0.0% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Money Market | Equity | |
| Inception | Apr 6, 2015 | May 15, 2000 |
FZFXX vs IVV Performance
Fidelity Treasury Money Market Fund (FZFXX) is a mutual fund from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Year to date, FZFXX is up 0.00% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was 0.0% for FZFXX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FZFXX charges 0.42% per year while IVV charges 0.03%. On a $10,000 position that is $42 vs $3 annually, a gap of $39 per year that compounds over a long holding period. On income, FZFXX currently yields 3.17% against 1.10% for IVV.
Holdings Overlap
FZFXX and IVV share 0 holdings out of 553 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FZFXX or IVV?
FZFXX has an expense ratio of 0.42% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
What is the holdings overlap between FZFXX and IVV?
FZFXX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, FZFXX or IVV?
FZFXX yields 3.17% while IVV yields 1.10%, so FZFXX currently pays the higher dividend yield.
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