FDIF vs SPY
Fidelity Disruptors 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 503 holdings.
Side-by-Side Comparison
| Metric | FDIF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $110M | $789.1B | |
| Dividend Yield | 0.26% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | +14.98% | +13.75% | |
| 1Y Return | +22.08% | +22.91% | |
| 3Y Return (annualized) | +20.01% | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -22.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | Jan 22, 1993 |
FDIF vs SPY Performance
Fidelity Disruptors ETF (FDIF) 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 FDIF returned +22.08% while SPY returned +22.91%. Year to date, FDIF is up 14.98% versus a gain of 13.75% for SPY.
Over three years, FDIF compounded at +20.01% per year against +21.67% for SPY. Across the full 3-year window we track, FDIF has the edge at +17.80% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIF has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -22.6% for FDIF 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDIF 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, FDIF currently yields 0.26% against 1.01% for SPY.
Holdings Overlap
FDIF and SPY share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDIF or SPY?
FDIF 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, FDIF or SPY?
Over the past year FDIF returned +22.08% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), FDIF annualized +17.80% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FDIF or SPY?
FDIF has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: FDIF -22.6% vs SPY -56.5%.
Should I hold both FDIF and SPY?
FDIF and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDIF and SPY?
FDIF and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, FDIF or SPY?
FDIF yields 0.26% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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