FEAC vs IVV
FEAC vs IVV
Fidelity Enhanced US All-Cap Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FEAC delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FEAC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $26M | $865.2B | |
| Dividend Yield | 0.77% | 1.09% | |
| Holdings | 454 | 508 | |
| YTD Return | +15.22% | +13.13% | |
| 1Y Return | +26.44% | +22.90% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 13.0% | 15.1% | |
| Max Drawdown | -19.0% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | May 15, 2000 |
FEAC vs IVV Performance
Fidelity Enhanced US All-Cap Equity ETF (FEAC) 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 FEAC returned +26.44% while IVV returned +22.90%. Year to date, FEAC is up 15.22% versus a gain of 13.13% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.0% for FEAC. 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 -19.0% for FEAC 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEAC charges 0.18% per year while IVV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, FEAC currently yields 0.77% against 1.09% for IVV.
Holdings Overlap
FEAC and IVV share 128 holdings out of 778 unique holdings combined, representing a 49.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FEAC | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.05% | 7.76% | 0.71% |
| AAPL | 5.17% | 7.44% | 2.27% |
| MSFT | 3.66% | 4.57% | 0.91% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings FEAC 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, FEAC or IVV?
FEAC has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FEAC or IVV?
Over the past year FEAC returned +26.44% vs +22.90% for IVV, so FEAC leads on 1-year performance. Over the longest common window we track (2 years), FEAC annualized +18.65% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FEAC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.0% for FEAC. Worst drawdown: FEAC -19.0% vs IVV -56.5%.
Should I hold both FEAC and IVV?
FEAC and IVV have a monthly-return correlation of 0.99, 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 FEAC and IVV?
FEAC and IVV share 128 common holdings with a 49.0% weight overlap. Combined, they hold 778 unique securities.
Which pays a higher dividend, FEAC or IVV?
FEAC yields 0.77% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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