FDIQ vs SPY
Invesco Bloomberg Financial Data Providers ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDIQ or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 46.3%.
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 | FDIQ | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $43M | $804.7B |
| Dividend Yield | 2.01% | 0.98% |
| Holdings | 43 | 505 |
| YTD Return | +15.95%Best | +11.52% |
| 1Y Return | +17.28% | +17.48%Best |
| 3Y Return (annualized) | +19.73% | +20.62%Best |
| 5Y Return (annualized) | +7.32% | +12.73%Best |
| Volatility (annualized) | 24.7% | 14.0%Best |
| Max Drawdown | -55.4% | -34.1%Best |
| $10,000 over 5 years | $14,237 | $18,205Best |
| Top 10 Weight | 46.3% | 38.0%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Nov 1, 2011 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 1, 2011 to Sep 10, 2026 (14.9 years).
FDIQ 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 14.9 years both funds cover.
FDIQ vs SPY Performance
Invesco Bloomberg Financial Data Providers ETF (FDIQ) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FDIQ returned +17.28% while SPY returned +17.48%. Year to date, FDIQ is up 15.95% versus a gain of 11.52% for SPY.
Over three years, FDIQ compounded at +19.73% per year against +20.62% for SPY; over five years the annualized figures are +7.32% and +12.73% respectively. Across the full 15-year window we track, SPY has the edge at +13.65% annualized vs +9.08%.
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 14.0% 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 -34.1% 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 0.60. They move together some of the time, and apart the rest.
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 2.01% against 0.98% for SPY.
Holdings Overlap
54.1% of FDIQ's money is in holdings SPY also owns. 0.9% of SPY's money is in holdings FDIQ also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 30 positions we hold weights for in FDIQ and 504 in SPY, against full books of 43 and 505.
What only one of them owns
Our book lists 481 positions for SPY that do not appear in our book for FDIQ (98.6% of the fund), and 6 for FDIQ that do not appear in SPY (12.0%).
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 FDIQ | Weight in SPY | Difference |
|---|---|---|---|
| CBOECboe Global Markets Inc. | 4.97% | 0.05% | 4.92% |
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 4.82% | 0.13% | 4.69% |
| CMECme Group Inc. | 4.77% | 0.14% | 4.63% |
| NDAQNasdaq Inc. | 4.75% | 0.06% | 4.69% |
| VRSKVerisk Analytics Inc. Class A | 4.39% | 0.04% | 4.35% |
| EFXEquifax Inc. | 4.39% | 0.03% | 4.36% |
| MCOMoody'S Corp. | 4.23% | 0.11% | 4.12% |
| SPGIS&p Global Inc | 4.03% | 0.19% | 3.84% |
| BRBroadridge Financial Solutions, Inc. | 4.11% | 0.03% | 4.08% |
| MSCIMsci Inc. Class A | 4.07% | 0.06% | 4.01% |
54.1% of FDIQ 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, FDIQ or SPY?
FDIQ has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, FDIQ or SPY?
Over the past year FDIQ returned +17.28% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (15 years), FDIQ annualized +9.08% vs +13.65% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDIQ or SPY?
FDIQ has been the more volatile fund at 24.7% annualized versus 14.0% for SPY. Worst drawdown: FDIQ -55.4% vs SPY -34.1%.
Should I hold both FDIQ and SPY?
FDIQ and SPY have a monthly-return correlation of 0.60, 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 FDIQ and SPY?
54.1% of FDIQ's money is in holdings SPY also owns. 0.9% of SPY's is in holdings FDIQ also owns. They hold 13 positions in common, counted across the 30 positions we hold weights for in FDIQ and 504 in SPY.
Which pays a higher dividend, FDIQ or SPY?
FDIQ yields 2.01% while SPY yields 0.98%, so FDIQ currently pays the higher dividend yield.
Is SPY better than FDIQ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 46.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.