FDFF vs SPY
Fidelity Disruptive Finance ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDFF or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.4%.
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 | FDFF | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $44M | $814.4B |
| Dividend Yield | 0.98% | 1.01% |
| Holdings | 52 | 505 |
| YTD Return | +6.89% | +13.34%Best |
| 1Y Return | +3.43% | +19.97%Best |
| 3Y Return (annualized) | +13.93% | +21.20%Best |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 19.4% | 12.6%Best |
| Max Drawdown | -23.1% | -18.8%Best |
| $10,000 over 3.2 years | $15,432 | $18,389Best |
| Top 10 Weight | 49.4% | 38.0%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 13, 2023 | 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 4, 2026 (3.2 years).
FDFF 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.
FDFF vs SPY Performance
Fidelity Disruptive Finance ETF (FDFF) 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 FDFF returned +3.43% while SPY returned +19.97%. Year to date, FDFF is up 6.89% versus a gain of 13.34% for SPY.
Over three years, FDFF compounded at +13.93% per year against +21.20% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDFF has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -23.1% for FDFF 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
FDFF 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, FDFF currently yields 0.98% against 1.01% for SPY.
Holdings Overlap
44.3% of FDFF's money is in holdings SPY also owns. 2.7% of SPY's money is in holdings FDFF also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 47 positions we hold weights for in FDFF and 503 in SPY, against full books of 52 and 505.
What only one of them owns
Our book lists 479 positions for SPY that do not appear in our book for FDFF (96.7% of the fund), and 26 for FDFF that do not appear in SPY (37.8%).
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 FDFF | Weight in SPY | Difference |
|---|---|---|---|
| BLKBlackrock, Inc. | 5.86% | 0.25% | 5.61% |
| COFCapital One Financial Corp. | 5.65% | 0.21% | 5.44% |
| V'visa Inc., Class 'a'' | 4.55% | 0.92% | 3.63% |
| MAMastercard Inc | 4.53% | 0.69% | 3.84% |
| XYZBlock, Inc., 5951713.Sq.Fts.B | 4.20% | 0.07% | 4.13% |
| APOApollo Global Management Inc | 4.08% | 0.09% | 3.99% |
| EFXEquifax Inc. | 3.34% | 0.03% | 3.31% |
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 2.86% | 0.13% | 2.73% |
| CBOEC B O E Holdings Inc. | 2.32% | 0.05% | 2.27% |
| HOODRobinhood Markets Inc - A | 2.15% | 0.11% | 2.04% |
44.3% of FDFF 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, FDFF or SPY?
FDFF 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, FDFF or SPY?
Over the past year FDFF returned +3.43% vs +19.97% 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, FDFF or SPY?
FDFF has been the more volatile fund at 19.4% annualized versus 12.6% for SPY. Worst drawdown: FDFF -23.1% vs SPY -18.8%.
Should I hold both FDFF and SPY?
FDFF 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 FDFF and SPY?
44.3% of FDFF's money is in holdings SPY also owns. 2.7% of SPY's is in holdings FDFF also owns. They hold 14 positions in common, counted across the 47 positions we hold weights for in FDFF and 503 in SPY.
Which pays a higher dividend, FDFF or SPY?
FDFF yields 0.98% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than FDFF?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.