FBCV vs SPY
Fidelity Blue Chip Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FBCV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FBCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.09% | |
| AUM | $166M | $789.1B | |
| Dividend Yield | 1.32% | 1.01% | |
| Holdings | 114 | 505 | |
| YTD Return | +19.06% | +13.79% | |
| 1Y Return | +30.90% | +23.66% | |
| 3Y Return (annualized) | +15.60% | +21.40% | |
| 5Y Return (annualized) | +10.20% | +13.37% | |
| Volatility (annualized) | 13.5% | 15.3% | |
| Max Drawdown | -15.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 2, 2020 | Jan 22, 1993 |
FBCV vs SPY Performance
Fidelity Blue Chip Value ETF (FBCV) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FBCV returned +30.90% while SPY returned +23.66%. Year to date, FBCV is up 19.06% versus a gain of 13.79% for SPY.
Over three years, FBCV compounded at +15.60% per year against +21.40% for SPY; over five years the annualized figures are +10.20% and +13.37% respectively. Across the full 6-year window we track, FBCV has the edge at +14.30% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.5% for FBCV. 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 -15.6% for FBCV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FBCV charges 0.57% per year while SPY charges 0.09%. On a $10,000 position that is $57 vs $9 annually, a gap of $48 per year that compounds over a long holding period. On income, FBCV currently yields 1.32% against 1.01% for SPY.
Holdings Overlap
FBCV and SPY share 73 holdings out of 542 unique holdings combined, representing a 21.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBCV or SPY?
FBCV has an expense ratio of 0.57% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, FBCV or SPY?
Over the past year FBCV returned +30.90% vs +23.66% for SPY, so FBCV leads on 1-year performance. Over the longest common window we track (6 years), FBCV annualized +14.30% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FBCV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.5% for FBCV. Worst drawdown: FBCV -15.6% vs SPY -56.5%.
Should I hold both FBCV and SPY?
FBCV and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBCV and SPY?
FBCV and SPY share 73 common holdings with a 21.9% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, FBCV or SPY?
FBCV yields 1.32% while SPY yields 1.01%, so FBCV currently pays the higher dividend yield.
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