FDIV vs SSPY
MarketDesk Focused US Dividend ETF vs Stratified LargeCap Index ETF
Which is better, FDIV or SSPY?
SSPY has been ahead.
FDIV has a lower expense ratio. SSPY led over 1Y, 3Y and the full window. SSPY is less concentrated, with 8.9% of the fund in its ten largest positions against 33.0%.
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 | FDIV | SSPY |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.45% |
| AUM | $53M | $129M |
| Dividend Yield | 2.61% | 1.25% |
| Holdings | 224 | 1,013 |
| YTD Return | -0.05% | +12.63%Best |
| 1Y Return | +2.12% | +15.52%Best |
| 3Y Return (annualized) | +6.26% | +15.71%Best |
| 5Y Return (annualized) | - | +8.93% |
| Volatility (annualized) | 12.8% | 12.0%Best |
| Max Drawdown | -18.6% | -16.4%Best |
| $10,000 over 3.1 years | $11,722 | $15,166Best |
| Top 10 Weight | 33.0% | 8.9%Best |
| Fund Family | MarketDesk Indices | Syntax Stratified |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 19, 2023 | Jan 2, 2019 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 20, 2023 to Oct 14, 2026 (3.1 years).
FDIV vs SSPY 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 3.1 years both funds cover.
FDIV vs SSPY Performance
MarketDesk Focused US Dividend ETF (FDIV) is an ETF from MarketDesk Indices and Stratified LargeCap Index ETF (SSPY) is an ETF from Syntax Stratified. Over the past year FDIV returned +2.12% while SSPY returned +15.52%. Year to date, FDIV is down 0.05% versus a gain of 12.63% for SSPY.
Over three years, FDIV compounded at +6.26% per year against +15.71% for SSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.0% for SSPY. 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 -18.6% for FDIV and -16.4% for SSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDIV charges 0.35% per year while SSPY charges 0.45%. On a $10,000 position that is $35 vs $45 annually, a gap of $10 per year that compounds over a long holding period. On income, FDIV currently yields 2.61% against 1.25% for SSPY.
Holdings Overlap
97.2% of FDIV's money is in holdings SSPY also owns. 21.1% of SSPY's money is in holdings FDIV also owns.
Most of FDIV is already inside SSPY. Owning both mostly buys the same companies twice.
104 positions in common, counted across the 111 positions we hold weights for in FDIV and 504 in SSPY, against full books of 224 and 1,013.
What only one of them owns
Our book lists 393 positions for SSPY that do not appear in our book for FDIV (77.4% of the fund), and 3 for FDIV that do not appear in SSPY (1.3%).
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 FDIV | Weight in SSPY | Difference |
|---|---|---|---|
| METAMeta Platforms Inc Class A | 3.77% | 0.78% | 2.99% |
| NVDANVIDIA Corporation | 4.05% | 0.12% | 3.93% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 3.16% | 0.58% | 2.58% |
| AMATApplied Materials Inc Com | 3.48% | 0.14% | 3.34% |
| CVXChevron Corp. | 2.98% | 0.58% | 2.40% |
| AVGOBroadcom Inc | 3.17% | 0.32% | 2.85% |
| LRCXLam Research Corporation | 3.32% | 0.14% | 3.18% |
| LLYEli Lilly & Co. | 3.14% | 0.28% | 2.86% |
| PGProcter & Gamble Company | 2.94% | 0.42% | 2.52% |
| KOCoca Cola Co. | 2.93% | 0.27% | 2.66% |
97.2% of FDIV is already inside SSPY.
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, FDIV or SSPY?
FDIV has an expense ratio of 0.35% while SSPY charges 0.45%. FDIV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FDIV or SSPY?
Over the past year FDIV returned +2.12% vs +15.52% for SSPY, so SSPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDIV or SSPY?
FDIV has been the more volatile fund at 12.8% annualized versus 12.0% for SSPY. Worst drawdown: FDIV -18.6% vs SSPY -16.4%.
Should I hold both FDIV and SSPY?
FDIV and SSPY have a monthly-return correlation of 0.88, 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 FDIV and SSPY?
97.2% of FDIV's money is in holdings SSPY also owns. 21.1% of SSPY's is in holdings FDIV also owns. They hold 104 positions in common, counted across the 111 positions we hold weights for in FDIV and 504 in SSPY.
Which pays a higher dividend, FDIV or SSPY?
FDIV yields 2.61% while SSPY yields 1.25%, so FDIV currently pays the higher dividend yield.
Is SSPY better than FDIV?
FDIV has a lower expense ratio. SSPY led over 1Y, 3Y and the full window. SSPY is less concentrated, with 8.9% of the fund in its ten largest positions against 33.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.