FLTB vs IVV
FLTB vs IVV
Fidelity Limited Term 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 | FLTB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $408M | $865.2B | |
| Dividend Yield | 4.76% | 1.09% | |
| Holdings | 937 | 508 | |
| YTD Return | +1.16% | +13.52% | |
| 1Y Return | +3.40% | +23.63% | |
| 3Y Return (annualized) | +5.54% | +21.26% | |
| 5Y Return (annualized) | +2.29% | +13.52% | |
| Volatility (annualized) | 128.3% | 15.1% | |
| Max Drawdown | -73.5% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 6, 2014 | May 15, 2000 |
FLTB vs IVV Performance
Fidelity Limited Term Bond ETF (FLTB) 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 FLTB returned +3.40% while IVV returned +23.63%. Year to date, FLTB is up 1.16% versus a gain of 13.52% for IVV.
Over three years, FLTB compounded at +5.54% per year against +21.26% for IVV; over five years the annualized figures are +2.29% and +13.52% respectively. Across the full 23-year window we track, FLTB has the edge at +7.74% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLTB has been the more volatile fund, with annualized monthly volatility of 128.3% 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 -73.5% for FLTB 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLTB charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, FLTB currently yields 4.76% against 1.09% for IVV.
Holdings Overlap
FLTB and IVV share 1 holdings out of 521 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 FLTB | Weight in IVV | Difference |
|---|---|---|---|
| SATS | 0.04% | 0.02% | 0.02% |
Frequently Asked Questions
Which is cheaper, FLTB or IVV?
FLTB has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FLTB or IVV?
Over the past year FLTB returned +3.40% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (23 years), FLTB annualized +7.74% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FLTB or IVV?
FLTB has been the more volatile fund at 128.3% annualized versus 15.1% for IVV. Worst drawdown: FLTB -73.5% vs IVV -56.5%.
Should I hold both FLTB and IVV?
FLTB and IVV have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLTB and IVV?
FLTB and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, FLTB or IVV?
FLTB yields 4.76% while IVV yields 1.09%, so FLTB currently pays the higher dividend yield.
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