FELV vs IVV
FELV vs IVV
Fidelity Enhanced Large Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FELV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FELV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $3.2B | $865.2B | |
| Dividend Yield | 1.48% | 1.09% | |
| Holdings | 365 | 508 | |
| YTD Return | +22.95% | +13.13% | |
| 1Y Return | +36.07% | +22.90% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 11.7% | 15.1% | |
| Max Drawdown | -16.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | May 15, 2000 |
FELV vs IVV Performance
Fidelity Enhanced Large Cap Value ETF (FELV) 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 FELV returned +36.07% while IVV returned +22.90%. Year to date, FELV is up 22.95% 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 11.7% for FELV. 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 -16.1% for FELV 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV 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, FELV currently yields 1.48% against 1.09% for IVV.
Holdings Overlap
FELV and IVV share 220 holdings out of 644 unique holdings combined, representing a 41.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FELV | Weight in IVV | Difference |
|---|---|---|---|
| AAPL | 0.49% | 7.44% | 6.95% |
| AMZN | 2.42% | 3.75% | 1.33% |
| GOOGL | 2.37% | 3.15% | 0.78% |
| GOOG | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
See all 10 holdings FELV 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, FELV or IVV?
FELV 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, FELV or IVV?
Over the past year FELV returned +36.07% vs +22.90% for IVV, so FELV leads on 1-year performance. Over the longest common window we track (3 years), FELV annualized +23.79% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FELV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for FELV. Worst drawdown: FELV -16.1% vs IVV -56.5%.
Should I hold both FELV and IVV?
FELV and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELV and IVV?
FELV and IVV share 220 common holdings with a 41.4% weight overlap. Combined, they hold 644 unique securities.
Which pays a higher dividend, FELV or IVV?
FELV yields 1.48% while IVV yields 1.09%, so FELV currently pays the higher dividend yield.
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