ABFL vs SPY
Abacus FCF Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ABFL or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. ABFL is less concentrated, with 33.0% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ABFL | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $528M | $804.7B |
| Dividend Yield | 0.54% | 0.98% |
| Holdings | 60 | 505 |
| YTD Return | +12.44%Best | +12.09% |
| 1Y Return | +11.49% | +16.29%Best |
| 3Y Return (annualized) | +16.14% | +21.20%Best |
| 5Y Return (annualized) | +10.84% | +13.37%Best |
| Volatility (annualized) | 15.8% | 15.4%Best |
| Max Drawdown | -35.0% | -34.1%Best |
| $10,000 over 5 years | $16,729 | $18,728Best |
| Top 10 Weight | 33.0%Best | 37.8% |
| Fund Family | FCF Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2016 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2016 to Sep 18, 2026 (10 years).
ABFL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10 years both funds cover.
ABFL vs SPY Performance
Abacus FCF Leaders ETF (ABFL) is an ETF from FCF Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ABFL returned +11.49% while SPY returned +16.29%. Year to date, ABFL is up 12.44% versus a gain of 12.09% for SPY.
Over three years, ABFL compounded at +16.14% per year against +21.20% for SPY; over five years the annualized figures are +10.84% and +13.37% respectively. Across the full 10-year window we track, SPY has the edge at +14.29% annualized vs +13.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ABFL has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.0% for ABFL and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ABFL charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, ABFL currently yields 0.54% against 0.98% for SPY.
Holdings Overlap
78.1% of ABFL's money is in holdings SPY also owns. 27.8% of SPY's money is in holdings ABFL also owns.
Most of ABFL is already inside SPY. Owning both mostly buys the same companies twice.
38 positions in common, counted across the 56 positions we hold weights for in ABFL and 504 in SPY, against full books of 60 and 505.
What only one of them owns
Our book lists 459 positions for SPY that do not appear in our book for ABFL (71.6% of the fund), and 16 for ABFL that do not appear in SPY (18.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ABFL | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.97% | 8.01% | 3.04% |
| AAPLApple, Inc | 5.23% | 7.26% | 2.03% |
| AVGOBroadcom Inc | 3.48% | 2.66% | 0.82% |
| LLYEli Lilly & Co. | 2.95% | 1.40% | 1.55% |
| ABBVAbbvie Inc. | 2.89% | 0.70% | 2.19% |
| MAMastercard Inc | 2.70% | 0.71% | 1.99% |
| VVisa Inc Class A | 2.40% | 0.94% | 1.46% |
| LRCXLrcx Uw Equity | 2.61% | 0.55% | 2.06% |
| BMYBristol-Myers Squibb Co. | 2.92% | 0.21% | 2.71% |
| PANWPalo Alto Networks, Inc | 2.56% | 0.45% | 2.11% |
78.1% of ABFL is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ABFL or SPY?
ABFL has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, ABFL or SPY?
Over the past year ABFL returned +11.49% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), ABFL annualized +13.88% vs +14.29% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ABFL or SPY?
ABFL has been the more volatile fund at 15.8% annualized versus 15.4% for SPY. Worst drawdown: ABFL -35.0% vs SPY -34.1%.
Should I hold both ABFL and SPY?
ABFL and SPY have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ABFL and SPY?
78.1% of ABFL's money is in holdings SPY also owns. 27.8% of SPY's is in holdings ABFL also owns. They hold 38 positions in common, counted across the 56 positions we hold weights for in ABFL and 504 in SPY.
Which pays a higher dividend, ABFL or SPY?
ABFL yields 0.54% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than ABFL?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. ABFL is less concentrated, with 33.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.