FBND vs IVV
FBND vs IVV
Fidelity Total Bond 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 | FBND | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $26.6B | $865.2B | |
| Dividend Yield | 5.07% | 1.09% | |
| Holdings | 1,558 | 508 | |
| YTD Return | +0.34% | +13.52% | |
| 1Y Return | +2.66% | +23.63% | |
| 3Y Return (annualized) | +4.89% | +21.26% | |
| 5Y Return (annualized) | +0.43% | +13.52% | |
| Volatility (annualized) | 5.0% | 15.1% | |
| Max Drawdown | -17.3% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 6, 2014 | May 15, 2000 |
FBND vs IVV Performance
Fidelity Total Bond ETF (FBND) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FBND returned +2.66% while IVV returned +23.63%. Year to date, FBND is up 0.34% versus a gain of 13.52% for IVV.
Over three years, FBND compounded at +4.89% per year against +21.26% for IVV; over five years the annualized figures are +0.43% and +13.52% respectively. Across the full 12-year window we track, IVV has the edge at +7.04% annualized vs +1.00%. 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 5.0% for FBND. 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 -17.3% for FBND 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBND charges 0.36% per year while IVV charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, FBND currently yields 5.07% against 1.09% for IVV.
Holdings Overlap
FBND and IVV share 1 holdings out of 545 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FBND | Weight in IVV | Difference |
|---|---|---|---|
| SATS | 0.05% | 0.02% | 0.03% |
Frequently Asked Questions
Which is cheaper, FBND or IVV?
FBND has an expense ratio of 0.36% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, FBND or IVV?
Over the past year FBND returned +2.66% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (12 years), FBND annualized +1.00% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FBND or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.0% for FBND. Worst drawdown: FBND -17.3% vs IVV -56.5%.
Should I hold both FBND and IVV?
FBND and IVV have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBND and IVV?
FBND and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, FBND or IVV?
FBND yields 5.07% while IVV yields 1.09%, so FBND currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.