FNF vs. IVV
FNF (Fidelity National Financial, Inc.) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FNF returned 11.20%/yr vs 15.14%/yr for IVV. At a 0.49 correlation, their price movements are largely independent.
Performance
FNF vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, FNF achieves a -6.31% return, which is significantly lower than IVV's 10.46% return. Over the past 10 years, FNF has underperformed IVV with an annualized return of 11.20%, while IVV has yielded a comparatively higher 15.14% annualized return.
FNF
- 1D
- 1.03%
- 1M
- 5.57%
- 6M
- -4.53%
- YTD
- -6.31%
- 1Y
- 2.21%
- 3Y*
- 15.40%
- 5Y*
- 8.65%
- 10Y*
- 11.20%
IVV
- 1D
- -0.73%
- 1M
- 1.27%
- 6M
- 8.36%
- YTD
- 10.46%
- 1Y
- 21.57%
- 3Y*
- 20.16%
- 5Y*
- 13.01%
- 10Y*
- 15.14%
FNF vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNF Fidelity National Financial, Inc. | -6.31% | 4.35% | 14.02% | 42.18% | -21.64% | 38.04% | -10.34% | 48.75% | -17.22% | 65.53% |
IVV iShares Core S&P 500 ETF | 10.46% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between FNF and IVV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | 0.49 |
Over the past year, the correlation between FNF and IVV has dropped to 0.22 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
FNF vs. IVV — Risk / Return Rank
FNF
IVV
FNF vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) 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.
| FNF | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.44 | -2.35 |
| Martin ratioReturn relative to average drawdown | 0.21 | 10.60 | -10.39 |
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Drawdowns
FNF vs. IVV - Drawdown Comparison
The maximum FNF drawdown since its inception was -72.49%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FNF and IVV.
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Drawdown Indicators
| FNF | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.49% | -55.25% | -17.24% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -8.89% | -15.54% |
Max Drawdown (3Y)Largest decline over 3 years | -30.06% | -18.75% | -11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -36.69% | -24.53% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -56.21% | -33.90% | -22.31% |
Current DrawdownCurrent decline from peak | -18.21% | -1.11% | -17.10% |
Average DrawdownAverage peak-to-trough decline | -17.14% | -10.74% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.50% | 2.04% | +8.46% |
Volatility
FNF vs. IVV - Volatility Comparison
Fidelity National Financial, Inc. (FNF) has a higher volatility of 6.08% compared to iShares Core S&P 500 ETF (IVV) at 4.32%. This indicates that FNF'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
| FNF | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 4.32% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 10.05% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 12.60% | +12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.90% | 17.01% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.11% | 18.05% | +10.06% |
Dividends
FNF vs. IVV - Dividend Comparison
FNF's dividend yield for the trailing twelve months is around 4.08%, more than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNF Fidelity National Financial, Inc. | 4.08% | 3.60% | 3.46% | 3.59% | 4.57% | 2.99% | 3.45% | 2.78% | 3.82% | 37.01% | 2.59% | 2.31% |
IVV iShares Core S&P 500 ETF | 1.09% | 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
FNF and IVV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNF has higher volatility (6.08%) compared to IVV (4.32%). In terms of maximum drawdown, FNF dropped -72.49% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.72 vs 0.09), 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.
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