FFLC vs IVV
FFLC vs IVV
Fidelity Fundamental Large Cap Core 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 | FFLC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $1.2B | $865.2B | |
| Dividend Yield | 0.99% | 1.09% | |
| Holdings | 111 | 508 | |
| YTD Return | +11.85% | +13.13% | |
| 1Y Return | +20.30% | +22.90% | |
| 3Y Return (annualized) | +21.54% | +21.08% | |
| 5Y Return (annualized) | +16.50% | +13.27% | |
| Volatility (annualized) | 16.0% | 15.1% | |
| Max Drawdown | -19.7% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 2, 2020 | May 15, 2000 |
FFLC vs IVV Performance
Fidelity Fundamental Large Cap Core ETF (FFLC) 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 FFLC returned +20.30% while IVV returned +22.90%. Year to date, FFLC is up 11.85% versus a gain of 13.13% for IVV.
Over three years, FFLC compounded at +21.54% per year against +21.08% for IVV; over five years the annualized figures are +16.50% and +13.27% respectively. Across the full 6-year window we track, FFLC has the edge at +20.14% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FFLC has been the more volatile fund, with annualized monthly volatility of 16.0% 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 -19.7% for FFLC 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FFLC charges 0.38% per year while IVV charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, FFLC currently yields 0.99% against 1.09% for IVV.
Holdings Overlap
FFLC and IVV share 73 holdings out of 537 unique holdings combined, representing a 41.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FFLC | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 8.38% | 7.76% | 0.62% |
| GOOGL | 7.78% | 3.15% | 4.63% |
| AAPL | 3.49% | 7.44% | 3.95% |
| AMZN | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings FFLC 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, FFLC or IVV?
FFLC has an expense ratio of 0.38% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, FFLC or IVV?
Over the past year FFLC returned +20.30% vs +22.90% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), FFLC annualized +20.14% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FFLC or IVV?
FFLC has been the more volatile fund at 16.0% annualized versus 15.1% for IVV. Worst drawdown: FFLC -19.7% vs IVV -56.5%.
Should I hold both FFLC and IVV?
FFLC and IVV have a monthly-return correlation of 0.91, 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 FFLC and IVV?
FFLC and IVV share 73 common holdings with a 41.2% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, FFLC or IVV?
FFLC yields 0.99% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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