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FDFF vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDFF vs. IVV

Last updated Aug 4, 2026
Documentation

FDFF (Fidelity Disruptive Finance ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - FDFF is a Financials Equities fund actively managed by Fidelity, while IVV is a S&P 500 fund tracking the S&P 500 Index. FDFF is actively managed, while IVV is passively managed. Over the past 3 years, FDFF returned 11.88%/yr vs 20.85%/yr for IVV. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FDFF charges 0.50%/yr vs 0.03%/yr for IVV.

Performance

FDFF vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Finance ETF (FDFF) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDFF achieves a 2.08% return, which is significantly lower than IVV's 11.75% return.

FDFF

1D
1.66%
1M
5.14%
6M
3.96%
YTD
2.08%
1Y
-1.80%
3Y*
11.88%
5Y*
—
10Y*
—
ALL TIME*
13.28%

IVV

1D
1.47%
1M
1.72%
6M
9.57%
YTD
11.75%
1Y
23.34%
3Y*
20.85%
5Y*
13.13%
10Y*
15.14%
ALL TIME*
8.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FDFF

Fidelity Disruptive Finance ETF
$136.84K$154.95K$132.20K

IVV

iShares Core S&P 500 ETF
$3.33B$3.25B$5.92B

FDFF vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023
FDFF
Fidelity Disruptive Finance ETF		2.08%-2.75%27.86%16.58%
IVV
iShares Core S&P 500 ETF		11.75%17.85%24.93%11.90%

Correlation

The correlation between FDFF and IVV is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.67

Correlation (3Y)
Balances recent behavior with more history.

0.72

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2023

0.72

The correlation between FDFF and IVV has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

FDFF vs. IVV - Sectors Allocation Comparison

Sectors
FDFF
IVV

Financial Services

75.7%
12.5%

Technology

18.5%
37.2%

Industrials

4.1%
7.9%

Real Estate

0.9%
1.9%

Consumer Cyclical

0.8%
8.9%

Basic Materials

-

1.8%

Communication Services

-

9.6%

Consumer Defensive

-

4.8%

Energy

-

3.3%

Healthcare

-

9.4%

Utilities

-

2.6%

Financial Services

FDFF
75.7%
IVV
12.5%

Technology

FDFF
18.5%
IVV
37.2%

Industrials

FDFF
4.1%
IVV
7.9%

Real Estate

FDFF
0.9%
IVV
1.9%

Consumer Cyclical

FDFF
0.8%
IVV
8.9%

Basic Materials

FDFF

-

IVV
1.8%

Communication Services

FDFF

-

IVV
9.6%

Consumer Defensive

FDFF

-

IVV
4.8%

Energy

FDFF

-

IVV
3.3%

Healthcare

FDFF

-

IVV
9.4%

Utilities

FDFF

-

IVV
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Disruptive Finance ETF

iShares Core S&P 500 ETF

Often compared with FDFF:
FDFF vs. FDIFFDFF vs. FMEDFDFF vs. FDVVFDFF vs. FDTXFDFF vs. FBCGFDFF vs. FXAIXFDFF vs. TIME
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

FDFF vs. IVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FDFF
FDFF Risk / Return Rank: 99
Overall Rank
FDFF Sharpe Ratio Rank: 99
Sharpe Ratio Rank
FDFF Sortino Ratio Rank: 99
Sortino Ratio Rank
FDFF Omega Ratio Rank: 99
Omega Ratio Rank
FDFF Calmar Ratio Rank: 1010
Calmar Ratio Rank
FDFF Martin Ratio Rank: 1010
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 7878
Overall Rank
IVV Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVV Omega Ratio Rank: 7878
Omega Ratio Rank
IVV Calmar Ratio Rank: 7474
Calmar Ratio Rank
IVV Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDFF vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) 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.

FDFFIVVDifference
Sharpe ratioReturn per unit of total volatility
-0.10
1.82

-1.92

Sortino ratioReturn per unit of downside risk
-0.01
2.51

-2.52

Omega ratioGain probability vs. loss probability

1.00

1.33

-0.33

Calmar ratioReturn relative to maximum drawdown

-0.09

2.64

-2.73

Martin ratioReturn relative to average drawdown

-0.18

11.23

-11.41

FDFF vs. IVV - Sharpe Ratio Comparison

The current FDFF Sharpe Ratio is -0.10, which is lower than the IVV Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FDFF and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FDFF vs. IVV - Drawdown Comparison

The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FDFF and IVV.

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Drawdown Indicators

FDFFIVVDifference

Max Drawdown

Largest peak-to-trough decline

-23.06%

-55.25%

+32.19%

Max Drawdown (1Y)

Largest decline over 1 year

-20.60%

-8.89%

-11.71%

Max Drawdown (3Y)

Largest decline over 3 years

-23.06%

-18.75%

-4.31%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.53%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.90%

—

Current Drawdown

Current decline from peak

-7.30%

0.00%

-7.30%

Average Drawdown

Average peak-to-trough decline

-6.66%

-10.72%

+4.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.26%

2.08%

+8.18%

Volatility

FDFF vs. IVV - Volatility Comparison

Fidelity Disruptive Finance ETF (FDFF) has a higher volatility of 4.86% compared to iShares Core S&P 500 ETF (IVV) at 3.81%. This indicates that FDFF's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDFFIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.86%

3.81%

+1.05%

Volatility (6M)

Calculated over the trailing 6-month period

14.88%

10.27%

+4.61%

Volatility (1Y)

Calculated over the trailing 1-year period

18.62%

12.87%

+5.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.95%

17.03%

+1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.95%

18.07%

+0.88%

FDFF vs. IVV - Expense Ratio Comparison

FDFF has a 0.50% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

FDFF vs. IVV - Dividend Comparison

FDFF's dividend yield for the trailing twelve months is around 0.97%, less than IVV's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
FDFF
Fidelity Disruptive Finance ETF		0.97%0.86%0.70%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IVV
iShares Core S&P 500 ETF		1.08%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

FDFF and IVV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDFF has higher volatility (4.86%) compared to IVV (3.81%). In terms of maximum drawdown, FDFF dropped -23.06% vs IVV's -55.25%.

On 3-year performance, IVV leads with 20.85% vs 11.88% for FDFF. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IVV has performed better with a 20.85% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVV is cheaper with a 0.03% expense ratio, compared with 0.50% for FDFF.

IVV has the higher dividend yield at 1.08%, compared with 0.97% for FDFF.

FDFF is categorized as Financials Equities, while IVV is S&P 500. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.50% for FDFF and 0.03% for IVV.

IVV currently has the higher Sharpe Ratio (1.82 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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