FZROX vs. IVV
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and iShares Core S&P 500 ETF (IVV).
FZROX is managed by Fidelity. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZROX or IVV.
Correlation
The correlation between FZROX and IVV is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FZROX vs. IVV - Performance Comparison
Key characteristics
FZROX:
1.91
IVV:
2.04
FZROX:
2.56
IVV:
2.72
FZROX:
1.35
IVV:
1.38
FZROX:
2.89
IVV:
3.03
FZROX:
12.43
IVV:
13.54
FZROX:
1.99%
IVV:
1.88%
FZROX:
12.95%
IVV:
12.49%
FZROX:
-34.96%
IVV:
-55.25%
FZROX:
-4.02%
IVV:
-3.52%
Returns By Period
The year-to-date returns for both investments are quite close, with FZROX having a 23.76% return and IVV slightly higher at 24.63%.
FZROX
23.76%
-0.40%
8.48%
23.86%
13.98%
N/A
IVV
24.63%
-0.30%
7.64%
24.80%
14.56%
13.00%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FZROX vs. IVV - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than IVV's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FZROX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) 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.
Dividends
FZROX vs. IVV - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.18%, less than IVV's 1.63% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity ZERO Total Market Index Fund | 1.18% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
iShares Core S&P 500 ETF | 1.63% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
FZROX vs. IVV - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FZROX and IVV. For additional features, visit the drawdowns tool.
Volatility
FZROX vs. IVV - Volatility Comparison
Fidelity ZERO Total Market Index Fund (FZROX) has a higher volatility of 3.89% compared to iShares Core S&P 500 ETF (IVV) at 3.60%. This indicates that FZROX'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.