A
vs
B
Share
Compare their flowsAsk IQ about these two funds

FVAL vs IVV: Differences, Returns & Fees

FVAL and IVV hold 47% of their weight in the same names, and FVAL returned +20.9% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Value Factor ETF, and $896.4bn on Oct 9, 2026 for iShares Core S&P 500 ETF.

IVV costs 0.12 points a year less; their one-year returns differ by 3.6 points; IVV is far larger, $881.3bn against $1.4bn.

FVAL vs IVV: Differences, Returns & Fees
FVALIVV
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$1.4bn$881.3bn
Total return, 1 year+20.9%+17.3%
What it tracksFidelity U.S. Value Factor IndexS&P 500
Holdings in common47%
Top ten holdings, share of the fund42.3%39.0%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+20.9%
FVAL total return, 1 year
+17.3%
IVV total return, 1 year
0.15%
FVAL expense ratio
0.03%
IVV expense ratio

What they hold in common

By the books each fund has filed, FVAL and IVV hold 47% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

half

47% in common

Positions both hold, largest shared weight first
Holding FVAL IVV
NVIDIA CORP 7.71% 8.23%
APPLE INC 7.24% 7.29%
MICROSOFT CORP 5.65% 5.89%
AMAZON.COM INC 4.39% 3.82%
ALPHABET INC 5.63% 3.06%
BROADCOM INC 3.42% 2.55%
META PLATFORMS INC 1.96% 2.35%
MICRON TECHNOLOGY INC 2.67% 1.72%
EXXONMOBIL HOLDINGS CORP 1.11% 1.03%
VISA INC 1.45% 0.97%
WALMART INC 0.95% 0.74%
ABBVIE INC 1.14% 0.72%
Only in FVAL
BERKSHIRE HATHAWAY INC DEL 1.86%
ELI LILLY and CO 1.76%
JOHNSON and JOHNSON 1.36%
MERCK and CO INC 0.94%
TRAVELERS COS INC 0.77%
PROCTER and GAMBLE CO 0.75%
CHEVRON CORP NEW 0.71%
CENTENE CORP DEL 0.70%
Only in IVV
ALPHABET CLASS C 2.45%
TESLA INC 1.60%
ADVANCED MICRO DEVICES 1.47%
BERKSHIRE HATHAWAY INC CLASS B 1.42%
ELI LILLY 1.40%
JPMORGAN CHASE & CO 1.31%
JOHNSON & JOHNSON 0.93%
INTEL CORPORATION 0.77%

Check overlap with more funds →

On the same fields

FVAL
Fidelity Value Factor ETF
IVV
iShares Core S&P 500 ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +20.9% +17.3%
Its benchmark over the same days not published +17.3% (SPY)
Gap to its benchmark not available +0.1 pts vs SPY
Expense ratio 0.15% 0.03%
Already in the S&P 500 91.8% 99.8%
Holdings 124 505
Net assets, FVAL as of Sep 30, 2026 and IVV as of Oct 9, 2026 $1.4bn $896.4bn

FVAL and IVV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FVAL

FVAL tracks an index. Over the year to Oct 9, 2026 it returned +20.9% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 42.3%.

About IVV

IVV tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.0%.

Questions people ask

Which returned more over the last year, FVAL or IVV?
In the year to Oct 9, 2026, with distributions reinvested, FVAL returned +20.9% and IVV +17.3%.
Which is cheaper, FVAL or IVV?
IVV is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FVAL and IVV overlap with the S&P 500?
By their latest filed holdings, 92% of FVAL and 100% of IVV by weight is stocks the S&P 500 already holds.
Other comparisons
FVAL vs SPYFVAL vs VOOFVAL vs VTIFVAL vs ITOTIVV vs QVMLIVV vs IYZIVV vs MODLIVV vs QLC
FVAL on its own →IVV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FVAL filings on SEC EDGAR ↗FVAL prospectus with the expense ratio (SEC) ↗Fidelity website ↗IVV filings on SEC EDGAR ↗IVV prospectus with the expense ratio (SEC) ↗iShares page for IVV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FVAL against IVV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fval-vs-ivv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.