FFLV vs IVV
FFLV vs IVV
Fidelity Fundamental Large Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FFLV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FFLV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $16M | $865.2B | |
| Dividend Yield | 1.41% | 1.09% | |
| Holdings | 119 | 508 | |
| YTD Return | +17.97% | +13.80% | |
| 1Y Return | +32.15% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 12.3% | 15.1% | |
| Max Drawdown | -16.7% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | May 15, 2000 |
FFLV vs IVV Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) 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 FFLV returned +32.15% while IVV returned +23.70%. Year to date, FFLV is up 17.97% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.3% for FFLV. 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 -16.7% for FFLV 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV 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, FFLV currently yields 1.41% against 1.09% for IVV.
Holdings Overlap
FFLV and IVV share 69 holdings out of 541 unique holdings combined, representing a 26.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FFLV | Weight in IVV | Difference |
|---|---|---|---|
| AMZN | 6.86% | 3.75% | 3.11% |
| AAPL | 2.82% | 7.44% | 4.62% |
| MSFT | 4.94% | 4.57% | 0.37% |
| XOM | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| WFC | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings FFLV 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, FFLV or IVV?
FFLV 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, FFLV or IVV?
Over the past year FFLV returned +32.15% vs +23.70% for IVV, so FFLV leads on 1-year performance. Over the longest common window we track (2 years), FFLV annualized +17.62% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FFLV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs IVV -56.5%.
Should I hold both FFLV and IVV?
FFLV and IVV have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and IVV?
FFLV and IVV share 69 common holdings with a 26.0% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, FFLV or IVV?
FFLV yields 1.41% while IVV yields 1.09%, so FFLV 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.