IVVM vs. FSHNX
IVVM (iShares Large Cap Moderate Buffer ETF) and FSHNX (Fidelity Series High Income Fund) are both funds - IVVM is a Options Trading fund actively managed by iShares, while FSHNX is a High Yield Bonds fund managed by Fidelity. Over the past 3 years, IVVM returned 13.86%/yr vs 9.94%/yr for FSHNX. A 0.51 correlation means they provide meaningful diversification when combined. IVVM charges 0.50%/yr vs 0.00%/yr for FSHNX.
Performance
IVVM vs. FSHNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IVVM achieves a 6.67% return, which is significantly higher than FSHNX's 3.30% return.
IVVM
- 1D
- -0.40%
- 1M
- 1.14%
- 6M
- 5.47%
- YTD
- 6.67%
- 1Y
- 14.62%
- 3Y*
- 13.86%
- 5Y*
- —
- 10Y*
- —
FSHNX
- 1D
- -0.11%
- 1M
- 0.20%
- 6M
- 2.84%
- YTD
- 3.30%
- 1Y
- 8.88%
- 3Y*
- 9.94%
- 5Y*
- 4.68%
- 10Y*
- 5.89%
IVVM vs. FSHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 6.67% | 14.24% | 16.08% | 5.17% |
FSHNX Fidelity Series High Income Fund | 3.30% | 11.17% | 8.75% | 7.19% |
Correlation
The correlation between IVVM and FSHNX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.51 |
The correlation between IVVM and FSHNX shifts across timeframes, from 0.51 (3 years) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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
IVVM vs. FSHNX — Risk / Return Rank
IVVM
FSHNX
IVVM vs. FSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) and Fidelity Series High Income Fund (FSHNX). 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.
| IVVM | FSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.62 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 4.14 | -1.37 |
| Martin ratioReturn relative to average drawdown | 13.58 | 21.20 | -7.62 |
Loading charts...
Drawdowns
IVVM vs. FSHNX - Drawdown Comparison
The maximum IVVM drawdown since its inception was -11.62%, smaller than the maximum FSHNX drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for IVVM and FSHNX.
Loading charts...
Drawdown Indicators
| IVVM | FSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -21.98% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.31% | -2.13% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -4.05% | -7.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.98% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.22% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -2.40% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.41% | +0.67% |
Volatility
IVVM vs. FSHNX - Volatility Comparison
iShares Large Cap Moderate Buffer ETF (IVVM) has a higher volatility of 1.71% compared to Fidelity Series High Income Fund (FSHNX) at 0.82%. This indicates that IVVM's price experiences larger fluctuations and is considered to be riskier than FSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IVVM | FSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 0.82% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.72% | 2.61% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.22% | 3.32% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 5.30% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 5.78% | +3.75% |
IVVM vs. FSHNX - Expense Ratio Comparison
IVVM has a 0.50% expense ratio, which is higher than FSHNX's 0.00% expense ratio.
Dividends
IVVM vs. FSHNX - Dividend Comparison
IVVM's dividend yield for the trailing twelve months is around 0.64%, less than FSHNX's 7.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 7.01% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
IVVM iShares Large Cap Moderate Buffer ETF | 0.64% | 0.68% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVVM and FSHNX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVM has higher volatility (1.71%) compared to FSHNX (0.82%). In terms of maximum drawdown, IVVM dropped -11.62% vs FSHNX's -21.98%.
FSHNX currently has the higher Sharpe Ratio (2.65 vs 2.04), 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.
Find the right allocation for IVVM and FSHNX
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