FBCV vs SPY
Fidelity Blue Chip Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FBCV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. FBCV led over 1Y, SPY over 3Y, 5Y and the full window. FBCV is less concentrated, with 29.7% of the fund in its ten largest positions against 38.0%.
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 | FBCV | SPY |
|---|---|---|
| Expense Ratio | 0.57% | 0.09%Best |
| AUM | $177M | $814.4B |
| Dividend Yield | 1.27% | 1.01% |
| Holdings | 127 | 505 |
| YTD Return | +20.72%Best | +13.34% |
| 1Y Return | +26.96%Best | +19.97% |
| 3Y Return (annualized) | +16.91% | +21.20%Best |
| 5Y Return (annualized) | +10.32% | +12.81%Best |
| Volatility (annualized) | 13.5%Best | 15.4% |
| Max Drawdown | -15.6%Best | -24.5% |
| $10,000 over 5 years | $16,341 | $18,270Best |
| Top 10 Weight | 29.7%Best | 38.0% |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 2, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2020 to Sep 4, 2026 (6.3 years).
FBCV 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 6.3 years both funds cover.
FBCV vs SPY Performance
Fidelity Blue Chip Value ETF (FBCV) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FBCV returned +26.96% while SPY returned +19.97%. Year to date, FBCV is up 20.72% versus a gain of 13.34% for SPY.
Over three years, FBCV compounded at +16.91% per year against +21.20% for SPY; over five years the annualized figures are +10.32% and +12.81% respectively. Across the full 6-year window we track, SPY has the edge at +16.97% annualized vs +14.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -24.5% 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 0.81. 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 1.27% against 1.01% for SPY.
Holdings Overlap
79.2% of FBCV's money is in holdings SPY also owns. 41.0% of SPY's money is in holdings FBCV also owns.
Most of FBCV is already inside SPY. Owning both mostly buys the same companies twice.
81 positions in common, counted across the 125 positions we hold weights for in FBCV and 504 in SPY, against full books of 127 and 505.
What only one of them owns
Our book lists 417 positions for SPY that do not appear in our book for FBCV (58.6% of the fund), and 31 for FBCV that do not appear in SPY (13.0%).
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 FBCV | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.96% | 6.83% | 2.87% |
| AMZNAmazon.Com Inc | 6.51% | 4.08% | 2.43% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.74% | 5.50% | 2.76% |
| GOOGLAlphabet Inc.Class A | 0.97% | 3.33% | 2.36% |
| XOMExxon Mobil Corp. | 3.32% | 0.96% | 2.36% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.68% | 0.72% | 1.96% |
| BACBank of America Corp.: Financials | 2.59% | 0.62% | 1.97% |
| MRKMerck & Company Inc | 2.38% | 0.47% | 1.91% |
| GOOGAlphabet Inc. C | 0.00% | 2.67% | 2.67% |
| TRVThe Travelers Cos, Inc. | 1.95% | 0.12% | 1.83% |
79.2% of FBCV 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, FBCV or SPY?
FBCV has an expense ratio of 0.57% while SPY charges 0.09%. SPY is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, FBCV or SPY?
Over the past year FBCV returned +26.96% vs +19.97% for SPY, so FBCV leads on 1-year performance. Over the longest common window we track (6 years), FBCV annualized +14.36% vs +16.97% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBCV or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 13.5% for FBCV. Worst drawdown: FBCV -15.6% vs SPY -24.5%.
Should I hold both FBCV and SPY?
FBCV and SPY have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FBCV and SPY?
79.2% of FBCV's money is in holdings SPY also owns. 41.0% of SPY's is in holdings FBCV also owns. They hold 81 positions in common, counted across the 125 positions we hold weights for in FBCV and 504 in SPY.
Which pays a higher dividend, FBCV or SPY?
FBCV yields 1.27% while SPY yields 1.01%, so FBCV currently pays the higher dividend yield.
Is SPY better than FBCV?
SPY has a lower expense ratio. FBCV led over 1Y, SPY over 3Y, 5Y and the full window. FBCV is less concentrated, with 29.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.