FDWM vs IVV
FDWM vs IVV
Fidelity Womens Leadership 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 | FDWM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $5M | $865.2B | |
| Dividend Yield | 0.52% | 1.09% | |
| Holdings | 82 | 508 | |
| YTD Return | +17.37% | +13.13% | |
| 1Y Return | +14.55% | +22.90% | |
| 3Y Return (annualized) | +16.64% | +21.08% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 17.3% | 15.1% | |
| Max Drawdown | -29.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | May 15, 2000 |
FDWM vs IVV Performance
Fidelity Womens Leadership ETF (FDWM) 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 FDWM returned +14.55% while IVV returned +22.90%. Year to date, FDWM is up 17.37% versus a gain of 13.13% for IVV.
Over three years, FDWM compounded at +16.64% per year against +21.08% for IVV. Across the full 4-year window we track, FDWM has the edge at +7.73% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -29.1% for FDWM 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDWM charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 1.09% for IVV.
Holdings Overlap
FDWM and IVV share 64 holdings out of 527 unique holdings combined, representing a 37.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDWM | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.02% | 7.76% | 0.74% |
| AAPL | 5.91% | 7.44% | 1.53% |
| MSFT | 7.10% | 4.57% | 2.53% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| MA | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
See all 10 holdings FDWM shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FDWM or IVV?
FDWM has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, FDWM or IVV?
Over the past year FDWM returned +14.55% vs +22.90% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FDWM annualized +7.73% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FDWM or IVV?
FDWM has been the more volatile fund at 17.3% annualized versus 15.1% for IVV. Worst drawdown: FDWM -29.1% vs IVV -56.5%.
Should I hold both FDWM and IVV?
FDWM and IVV have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDWM and IVV?
FDWM and IVV share 64 common holdings with a 37.8% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, FDWM or IVV?
FDWM yields 0.52% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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