FCUS vs SPY
Pinnacle Focused Opportunities ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FCUS delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FCUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.09% | |
| AUM | $90M | $821.1B | |
| Dividend Yield | 3.77% | 1.01% | |
| Holdings | 32 | 505 | |
| YTD Return | +21.28% | +14.24% | |
| 1Y Return | +50.87% | +21.71% | |
| 3Y Return (annualized) | +27.68% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 29.6% | 15.3% | |
| Max Drawdown | -39.9% | -56.5% | |
| Fund Family | Pinnacle Dynamic Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 29, 2022 | Jan 22, 1993 |
FCUS vs SPY Performance
Pinnacle Focused Opportunities ETF (FCUS) is a ETF from Pinnacle Dynamic Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FCUS returned +50.87% while SPY returned +21.71%. Year to date, FCUS is up 21.28% versus a gain of 14.24% for SPY.
Over three years, FCUS compounded at +27.68% per year against +22.10% for SPY. Across the full 4-year window we track, FCUS has the edge at +25.55% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCUS has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 15.3% 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 -39.9% for FCUS 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCUS charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, FCUS currently yields 3.77% against 1.01% for SPY.
Holdings Overlap
FCUS and SPY share 11 holdings out of 524 unique holdings combined, representing a 4.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCUS or SPY?
FCUS has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, FCUS or SPY?
Over the past year FCUS returned +50.87% vs +21.71% for SPY, so FCUS leads on 1-year performance. Over the longest common window we track (4 years), FCUS annualized +25.55% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FCUS or SPY?
FCUS has been the more volatile fund at 29.6% annualized versus 15.3% for SPY. Worst drawdown: FCUS -39.9% vs SPY -56.5%.
Should I hold both FCUS and SPY?
FCUS and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCUS and SPY?
FCUS and SPY share 11 common holdings with a 4.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, FCUS or SPY?
FCUS yields 3.77% while SPY yields 1.01%, so FCUS currently pays the higher dividend yield.
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