FTBD vs IVV
FTBD vs IVV
Fidelity Tactical Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. FTBD offers more diversification with 618 holdings.
Side-by-Side Comparison
| Metric | FTBD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $37M | $865.2B | |
| Dividend Yield | 5.46% | 1.09% | |
| Holdings | 1,525 | 508 | |
| YTD Return | +0.66% | +11.54% | |
| 1Y Return | +2.87% | +21.48% | |
| 3Y Return (annualized) | +5.03% | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 5.8% | 15.1% | |
| Max Drawdown | -7.0% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 24, 2023 | May 15, 2000 |
FTBD vs IVV Performance
Fidelity Tactical Bond ETF (FTBD) 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 FTBD returned +2.87% while IVV returned +21.48%. Year to date, FTBD is up 0.66% versus a gain of 11.54% for IVV.
Over three years, FTBD compounded at +5.03% per year against +20.86% for IVV. Across the full 4-year window we track, IVV has the edge at +6.97% annualized vs +4.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.8% for FTBD. 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 -7.0% for FTBD 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTBD charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, FTBD currently yields 5.46% against 1.09% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FTBD or IVV?
FTBD has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, FTBD or IVV?
Over the past year FTBD returned +2.87% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FTBD annualized +4.03% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, FTBD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.8% for FTBD. Worst drawdown: FTBD -7.0% vs IVV -56.5%.
Should I hold both FTBD and IVV?
FTBD and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTBD and IVV?
FTBD and IVV share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1121 unique securities.
Which pays a higher dividend, FTBD or IVV?
FTBD yields 5.46% while IVV yields 1.09%, so FTBD currently pays the higher dividend yield.
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