FXAIX vs IVV
FXAIX vs IVV
Fidelity 500 Index Fund vs iShares Core S&P 500 ETF
Quick Verdict
FXAIX has a lower expense ratio. IVV delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | FXAIX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.03% | |
| AUM | $594.0B | $865.2B | |
| Dividend Yield | 1.04% | 1.09% | |
| Holdings | 1,009 | 508 | |
| YTD Return | +10.91% | +13.52% | |
| 1Y Return | +20.12% | +23.63% | |
| 3Y Return (annualized) | +19.34% | +21.26% | |
| 5Y Return (annualized) | +11.44% | +13.52% | |
| Volatility (annualized) | 15.6% | 15.1% | |
| Max Drawdown | -25.4% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 4, 2011 | May 15, 2000 |
FXAIX vs IVV Performance
Fidelity 500 Index Fund (FXAIX) is a mutual fund from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FXAIX returned +20.12% while IVV returned +23.63%. Year to date, FXAIX is up 10.91% versus a gain of 13.52% for IVV.
Over three years, FXAIX compounded at +19.34% per year against +21.26% for IVV; over five years the annualized figures are +11.44% and +13.52% respectively. Across the full 5-year window we track, FXAIX has the edge at +11.44% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXAIX has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -25.4% for FXAIX 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FXAIX charges 0.02% per year while IVV charges 0.03%. On a $10,000 position that is $2 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, FXAIX currently yields 1.04% against 1.09% for IVV.
Holdings Overlap
FXAIX and IVV share 485 holdings out of 525 unique holdings combined, representing a 87.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FXAIX | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.31% | 7.76% | 0.45% |
| AAPL | 6.63% | 7.44% | 0.81% |
| MSFT | 4.96% | 4.57% | 0.39% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings FXAIX 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, FXAIX or IVV?
FXAIX has an expense ratio of 0.02% while IVV charges 0.03%. FXAIX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FXAIX or IVV?
Over the past year FXAIX returned +20.12% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), FXAIX annualized +11.44% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FXAIX or IVV?
FXAIX has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: FXAIX -25.4% vs IVV -56.5%.
Should I hold both FXAIX and IVV?
FXAIX and IVV have a monthly-return correlation of 0.99, 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 FXAIX and IVV?
FXAIX and IVV share 485 common holdings with a 87.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, FXAIX or IVV?
FXAIX yields 1.04% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.