FDIQ vs SPY
Invesco Bloomberg Financial Data Providers ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FDIQ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDIQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $45M | $821.1B | |
| Dividend Yield | 2.12% | 1.01% | |
| Holdings | 43 | 505 | |
| YTD Return | +22.39% | +12.68% | |
| 1Y Return | +29.33% | +21.82% | |
| 3Y Return (annualized) | +21.68% | +21.98% | |
| 5Y Return (annualized) | +7.89% | +12.89% | |
| Volatility (annualized) | 24.7% | 15.3% | |
| Max Drawdown | -55.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2011 | Jan 22, 1993 |
FDIQ vs SPY Performance
Invesco Bloomberg Financial Data Providers ETF (FDIQ) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FDIQ returned +29.33% while SPY returned +21.82%. Year to date, FDIQ is up 22.39% versus a gain of 12.68% for SPY.
Over three years, FDIQ compounded at +21.68% per year against +21.98% for SPY; over five years the annualized figures are +7.89% and +12.89% respectively. Across the full 15-year window we track, FDIQ has the edge at +9.52% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIQ has been the more volatile fund, with annualized monthly volatility of 24.7% 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 -55.4% for FDIQ 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FDIQ charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, FDIQ currently yields 2.12% against 1.01% for SPY.
Holdings Overlap
FDIQ and SPY share 13 holdings out of 524 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDIQ or SPY?
FDIQ has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FDIQ or SPY?
Over the past year FDIQ returned +29.33% vs +21.82% for SPY, so FDIQ leads on 1-year performance. Over the longest common window we track (15 years), FDIQ annualized +9.52% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, FDIQ or SPY?
FDIQ has been the more volatile fund at 24.7% annualized versus 15.3% for SPY. Worst drawdown: FDIQ -55.4% vs SPY -56.5%.
Should I hold both FDIQ and SPY?
FDIQ and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDIQ and SPY?
FDIQ and SPY share 13 common holdings with a 0.9% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, FDIQ or SPY?
FDIQ yields 2.12% while SPY yields 1.01%, so FDIQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.