FDFF vs SPY
Fidelity Disruptive Finance ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDFF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $44M | $821.1B | |
| Dividend Yield | 0.98% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +5.37% | +14.24% | |
| 1Y Return | +0.14% | +21.71% | |
| 3Y Return (annualized) | +13.99% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 19.5% | 15.3% | |
| Max Drawdown | -23.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | Jan 22, 1993 |
FDFF vs SPY Performance
Fidelity Disruptive Finance ETF (FDFF) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FDFF returned +0.14% while SPY returned +21.71%. Year to date, FDFF is up 5.37% versus a gain of 14.24% for SPY.
Over three years, FDFF compounded at +13.99% per year against +22.10% for SPY. Across the full 3-year window we track, FDFF has the edge at +14.28% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDFF has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -23.1% for FDFF 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 0.73. 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
FDFF and SPY share 14 holdings out of 537 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $41 per year of difference.
Which performed better, FDFF or SPY?
Over the past year FDFF returned +0.14% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), FDFF annualized +14.28% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FDFF or SPY?
FDFF has been the more volatile fund at 19.5% annualized versus 15.3% for SPY. Worst drawdown: FDFF -23.1% vs SPY -56.5%.
Should I hold both FDFF and SPY?
FDFF and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDFF and SPY?
FDFF and SPY share 14 common holdings with a 2.7% weight overlap. Combined, they hold 537 unique securities.
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.
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