FNX vs IVV
FNX vs IVV
First Trust Mid Cap Core AlphaDEX Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FNX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FNX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.03% | |
| AUM | $1.4B | $865.2B | |
| Dividend Yield | 0.83% | 1.09% | |
| Holdings | 451 | 508 | |
| YTD Return | +15.31% | +13.80% | |
| 1Y Return | +27.10% | +23.70% | |
| 3Y Return (annualized) | +15.34% | +21.49% | |
| 5Y Return (annualized) | +9.19% | +13.43% | |
| Volatility (annualized) | 20.0% | 15.1% | |
| Max Drawdown | -57.6% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 8, 2007 | May 15, 2000 |
FNX vs IVV Performance
First Trust Mid Cap Core AlphaDEX Fund (FNX) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FNX returned +27.10% while IVV returned +23.70%. Year to date, FNX is up 15.31% versus a gain of 13.80% for IVV.
Over three years, FNX compounded at +15.34% per year against +21.49% for IVV; over five years the annualized figures are +9.19% and +13.43% respectively. Across the full 19-year window we track, FNX has the edge at +8.97% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNX has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -57.6% for FNX 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNX charges 0.62% per year while IVV charges 0.03%. On a $10,000 position that is $62 vs $3 annually, a gap of $59 per year that compounds over a long holding period. On income, FNX currently yields 0.83% against 1.09% for IVV.
Holdings Overlap
FNX and IVV share 44 holdings out of 910 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FNX | Weight in IVV | Difference |
|---|---|---|---|
| CF | 0.41% | 0.03% | 0.38% |
| APA | 0.41% | 0.02% | 0.39% |
| UHS | 0.40% | 0.01% | 0.39% |
| EG | Pro | Pro | Pro |
| SOLV | Pro | Pro | Pro |
| FDS | Pro | Pro | Pro |
| MOS | Pro | Pro | Pro |
| HST | Pro | Pro | Pro |
| VTRS | Pro | Pro | Pro |
| AIZ | Pro | Pro | Pro |
See all 10 holdings FNX 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, FNX or IVV?
FNX has an expense ratio of 0.62% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, FNX or IVV?
Over the past year FNX returned +27.10% vs +23.70% for IVV, so FNX leads on 1-year performance. Over the longest common window we track (19 years), FNX annualized +8.97% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FNX or IVV?
FNX has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: FNX -57.6% vs IVV -56.5%.
Should I hold both FNX and IVV?
FNX and IVV have a monthly-return correlation of 0.90, 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 FNX and IVV?
FNX and IVV share 44 common holdings with a 0.8% weight overlap. Combined, they hold 910 unique securities.
Which pays a higher dividend, FNX or IVV?
FNX yields 0.83% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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