FCUS vs SPY
Pinnacle Focused Opportunities ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FCUS or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. FCUS led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.6%.
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 | FCUS | SPY |
|---|---|---|
| Expense Ratio | 0.80% | 0.09%Best |
| AUM | $84M | $814.4B |
| Dividend Yield | 3.77% | 1.01% |
| Holdings | 32 | 505 |
| YTD Return | +14.50%Best | +13.34% |
| 1Y Return | +41.70%Best | +19.97% |
| 3Y Return (annualized) | +24.54%Best | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 29.0% | 12.5%Best |
| Max Drawdown | -39.9% | -18.8%Best |
| $10,000 over 3.7 years | $21,621Best | $21,150 |
| Top 10 Weight | 45.6% | 38.0%Best |
| Fund Family | Pinnacle Dynamic Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Dec 29, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Dec 30, 2022 to Sep 4, 2026 (3.7 years).
FCUS 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 3.7 years both funds cover.
FCUS vs SPY Performance
Pinnacle Focused Opportunities ETF (FCUS) is an ETF from Pinnacle Dynamic Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FCUS returned +41.70% while SPY returned +19.97%. Year to date, FCUS is up 14.50% versus a gain of 13.34% for SPY.
Over three years, FCUS compounded at +24.54% per year against +21.20% for SPY. Across the full 4-year window we track, FCUS has the edge at +23.17% annualized vs +22.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCUS has been the more volatile fund, with annualized monthly volatility of 29.0% compared with 12.5% 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 -18.8% 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 0.73. 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
57.8% of FCUS's money is in holdings SPY also owns. 5.8% of SPY's money is in holdings FCUS also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 31 positions we hold weights for in FCUS and 504 in SPY, against full books of 32 and 505.
What only one of them owns
Measured across the 31 and 504 positions we hold weights for.
SPY holds 479 positions FCUS does not, 93.6% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in FCUS | Weight in SPY | Difference |
|---|---|---|---|
| SNDKSandisk Corp/De | 5.31% | 0.32% | 4.99% |
| MUMicron Technology, Inc. | 3.60% | 1.51% | 2.09% |
| STXSeagate Technology Holdings Plc | 4.61% | 0.28% | 4.33% |
| MPCMarathon Petroleum Corp | 4.48% | 0.14% | 4.34% |
| HPEHewlett Packard Enterprise Co | 4.42% | 0.10% | 4.32% |
| VLOValero Energy | 4.38% | 0.14% | 4.24% |
| DELLDell Technologies Inc | 4.29% | 0.20% | 4.09% |
| INTCIntel Corporation | 3.34% | 0.72% | 2.62% |
| MRVLMarvell Technology Group Ltd. | 3.57% | 0.29% | 3.28% |
| AMDAdvanced Micro Devices Inc | 2.35% | 1.27% | 1.08% |
57.8% of FCUS 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, FCUS or SPY?
FCUS has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, FCUS or SPY?
Over the past year FCUS returned +41.70% vs +19.97% for SPY, so FCUS leads on 1-year performance. Over the longest common window we track (4 years), FCUS annualized +23.17% vs +22.44% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCUS or SPY?
FCUS has been the more volatile fund at 29.0% annualized versus 12.5% for SPY. Worst drawdown: FCUS -39.9% vs SPY -18.8%.
Should I hold both FCUS and SPY?
FCUS and SPY have a monthly-return correlation of 0.73, 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 FCUS and SPY?
57.8% of FCUS's money is in holdings SPY also owns. 5.8% of SPY's is in holdings FCUS also owns. They hold 17 positions in common, counted across the 31 positions we hold weights for in FCUS and 504 in SPY.
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.
Is SPY better than FCUS?
SPY has a lower expense ratio. FCUS led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.