FYEE vs IVV
FYEE vs IVV
Fidelity Yield Enhanced Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
FYEE has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FYEE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $199M | $865.2B | |
| Dividend Yield | 8.53% | 1.09% | |
| Holdings | 170 | 508 | |
| YTD Return | +4.56% | +13.31% | |
| 1Y Return | +14.08% | +24.00% | |
| 3Y Return (annualized) | - | +21.16% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 9.9% | 15.1% | |
| Max Drawdown | -18.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | May 15, 2000 |
FYEE vs IVV Performance
Fidelity Yield Enhanced Equity ETF (FYEE) 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 FYEE returned +14.08% while IVV returned +24.00%. Year to date, FYEE is up 4.56% versus a gain of 13.31% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.9% for FYEE. 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 -18.8% for FYEE 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FYEE charges 0.00% per year while IVV charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, FYEE currently yields 8.53% against 1.09% for IVV.
Holdings Overlap
FYEE and IVV share 107 holdings out of 573 unique holdings combined, representing a 61.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FYEE | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.84% | 7.76% | 0.08% |
| AAPL | 6.95% | 7.44% | 0.49% |
| MSFT | 4.22% | 4.57% | 0.35% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings FYEE 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, FYEE or IVV?
FYEE has an expense ratio of 0.00% while IVV charges 0.03%. FYEE is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FYEE or IVV?
Over the past year FYEE returned +14.08% vs +24.00% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FYEE annualized +13.57% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FYEE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.9% for FYEE. Worst drawdown: FYEE -18.8% vs IVV -56.5%.
Should I hold both FYEE and IVV?
FYEE and IVV have a monthly-return correlation of 0.93, 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 FYEE and IVV?
FYEE and IVV share 107 common holdings with a 61.3% weight overlap. Combined, they hold 573 unique securities.
Which pays a higher dividend, FYEE or IVV?
FYEE yields 8.53% while IVV yields 1.09%, so FYEE currently pays the higher dividend yield.
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