FIXT vs IVV
FIXT vs IVV
TCW Core Plus Bond 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 | FIXT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $213M | $865.2B | |
| Dividend Yield | 5.51% | 1.09% | |
| Holdings | 578 | 508 | |
| YTD Return | -0.04% | +13.31% | |
| 1Y Return | +2.43% | +24.00% | |
| 3Y Return (annualized) | +11.06% | +21.16% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 17.6% | 15.1% | |
| Max Drawdown | -20.4% | -56.5% | |
| Fund Family | TCW ETFs | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2002 | May 15, 2000 |
FIXT vs IVV Performance
TCW Core Plus Bond ETF (FIXT) is a ETF from TCW ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FIXT returned +2.43% while IVV returned +24.00%. Year to date, FIXT is down 0.04% versus a gain of 13.31% for IVV.
Over three years, FIXT compounded at +11.06% per year against +21.16% for IVV. Across the full 4-year window we track, FIXT has the edge at +12.39% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIXT has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -20.4% for FIXT 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FIXT charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, FIXT currently yields 5.51% against 1.09% for IVV.
Holdings Overlap
FIXT and IVV share 1 holdings out of 763 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FIXT | Weight in IVV | Difference |
|---|---|---|---|
| CNP | 0.12% | 0.04% | 0.08% |
Frequently Asked Questions
Which is cheaper, FIXT or IVV?
FIXT has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, FIXT or IVV?
Over the past year FIXT returned +2.43% vs +24.00% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FIXT annualized +12.39% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FIXT or IVV?
FIXT has been the more volatile fund at 17.6% annualized versus 15.1% for IVV. Worst drawdown: FIXT -20.4% vs IVV -56.5%.
Should I hold both FIXT and IVV?
FIXT and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIXT and IVV?
FIXT and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 763 unique securities.
Which pays a higher dividend, FIXT or IVV?
FIXT yields 5.51% while IVV yields 1.09%, so FIXT currently pays the higher dividend yield.
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