FDCF vs SPY
Fidelity Disruptive Communications ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDCF or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. FDCF led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.9%.
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 | FDCF | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $97M | $814.4B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 43 | 505 |
| YTD Return | +4.87% | +13.78%Best |
| 1Y Return | +7.52% | +21.44%Best |
| 3Y Return (annualized) | +24.84%Best | +21.38% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 17.2% | 12.6%Best |
| Max Drawdown | -22.5% | -18.8%Best |
| $10,000 over 3.2 years | $20,002Best | $18,472 |
| Top 10 Weight | 53.9% | 38.0%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Apr 16, 2020 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 12, 2023 to Sep 3, 2026 (3.2 years).
FDCF 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 3.2 years both funds cover.
FDCF vs SPY Performance
Fidelity Disruptive Communications ETF (FDCF) 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 FDCF returned +7.52% while SPY returned +21.44%. Year to date, FDCF is up 4.87% versus a gain of 13.78% for SPY.
Over three years, FDCF compounded at +24.84% per year against +21.38% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDCF has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 12.6% 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 -22.5% for FDCF 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDCF charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, FDCF currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
52.5% of FDCF's money is in holdings SPY also owns. 31.3% of SPY's money is in holdings FDCF also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 38 positions we hold weights for in FDCF and 504 in SPY, against full books of 43 and 505.
What only one of them owns
Our book lists 479 positions for SPY that do not appear in our book for FDCF (68.2% of the fund), and 15 for FDCF that do not appear in SPY (27.2%).
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 FDCF | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.54% | 7.71% | 2.17% |
| GOOGLAlphabet Inc.Class A | 8.62% | 3.33% | 5.29% |
| AMZNAmazon.Com Inc | 5.65% | 4.08% | 1.57% |
| AAPLApple, Inc | 2.67% | 6.83% | 4.16% |
| METAMeta Platform Inc | 5.66% | 1.94% | 3.72% |
| ANETArista Networks Inc Common Stock | 6.56% | 0.30% | 6.26% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.17% | 5.50% | 4.33% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 2.55% | 0.12% | 2.43% |
| WBDWarner Bros. Discovery, Inc | 2.44% | 0.10% | 2.34% |
| CDNSCadence Design Systems Inc. | 2.00% | 0.14% | 1.86% |
52.5% of FDCF 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, FDCF or SPY?
FDCF has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, FDCF or SPY?
Over the past year FDCF returned +7.52% vs +21.44% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDCF or SPY?
FDCF has been the more volatile fund at 17.2% annualized versus 12.6% for SPY. Worst drawdown: FDCF -22.5% vs SPY -18.8%.
Should I hold both FDCF and SPY?
FDCF and SPY have a monthly-return correlation of 0.88, 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 FDCF and SPY?
52.5% of FDCF's money is in holdings SPY also owns. 31.3% of SPY's is in holdings FDCF also owns. They hold 17 positions in common, counted across the 38 positions we hold weights for in FDCF and 504 in SPY.
Which pays a higher dividend, FDCF or SPY?
FDCF yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than FDCF?
SPY has a lower expense ratio. FDCF led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.