BFLX vs. IVV
BFLX (iShares Flexible Equity Active ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - BFLX is a Long-Short fund actively managed by iShares, while IVV is a S&P 500 fund tracking the S&P 500 Index. BFLX is actively managed, while IVV is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. BFLX charges 0.40%/yr vs 0.03%/yr for IVV.
Performance
BFLX vs. IVV - Performance Comparison
Loading charts...
Returns By Period
BFLX
- 1D
- 0.76%
- 1M
- -0.90%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- 1.92%
- 1M
- -1.82%
- YTD
- 9.23%
- 6M
- 8.29%
- 1Y
- 21.96%
- 3Y*
- 20.24%
- 5Y*
- 13.18%
- 10Y*
- 15.32%
BFLX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFLX iShares Flexible Equity Active ETF | 0.36% |
IVV iShares Core S&P 500 ETF | 1.22% |
Correlation
The correlation between BFLX and IVV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.84 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BFLX vs. IVV — Risk / Return Rank
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVV
BFLX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Equity Active ETF (BFLX) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFLX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.48 | — |
| Martin ratioReturn relative to average drawdown | — | 10.86 | — |
Loading charts...
Drawdowns
BFLX vs. IVV - Drawdown Comparison
The maximum BFLX drawdown since its inception was -3.85%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BFLX and IVV.
Loading charts...
Drawdown Indicators
| BFLX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -55.25% | +51.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -2.39% | -2.21% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -10.76% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
BFLX vs. IVV - Volatility Comparison
Loading charts...
Volatility by Period
| BFLX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 12.58% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 17.01% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 18.05% | -2.95% |
BFLX vs. IVV - Expense Ratio Comparison
BFLX has a 0.40% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
BFLX vs. IVV - Dividend Comparison
BFLX has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFLX iShares Flexible Equity Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.10% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
BFLX and IVV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.40% for BFLX.
IVV has the higher dividend yield at 1.10%, compared with 0.00% for BFLX.
BFLX is categorized as Long-Short, while IVV is S&P 500. Their fees differ too: 0.40% for BFLX and 0.03% for IVV.
Find the right allocation for BFLX and IVV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer