FDLS vs SPY
Inspire Fidelis Multi Factor ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDLS or SPY?
Each has led over a different period.
SPY has a lower expense ratio. FDLS led over 1Y, SPY over 3Y and the full window. FDLS is less concentrated, with 13.6% of the fund in its ten largest positions against 38.0%.
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 | FDLS | SPY |
|---|---|---|
| Expense Ratio | 0.66% | 0.09%Best |
| AUM | $250M | $814.4B |
| Dividend Yield | 0.80% | 1.01% |
| Holdings | 102 | 505 |
| YTD Return | +21.46%Best | +13.34% |
| 1Y Return | +27.98%Best | +19.97% |
| 3Y Return (annualized) | +19.81% | +21.20%Best |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 18.4% | 14.2%Best |
| Max Drawdown | -23.3% | -18.8%Best |
| $10,000 over 4 years | $18,977 | $19,539Best |
| Top 10 Weight | 13.6%Best | 38.0% |
| Fund Family | Inspire ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 23, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Aug 24, 2022 to Sep 4, 2026 (4 years).
FDLS 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 4 years both funds cover.
FDLS vs SPY Performance
Inspire Fidelis Multi Factor ETF (FDLS) is an ETF from Inspire ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FDLS returned +27.98% while SPY returned +19.97%. Year to date, FDLS is up 21.46% versus a gain of 13.34% for SPY.
Over three years, FDLS compounded at +19.81% per year against +21.20% for SPY. Across the full 4-year window we track, SPY has the edge at +18.23% annualized vs +17.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDLS has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 14.2% 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 -23.3% for FDLS and -18.8% 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDLS charges 0.66% per year while SPY charges 0.09%. On a $10,000 position that is $66 vs $9 annually, a gap of $57 per year that compounds over a long holding period. On income, FDLS currently yields 0.80% against 1.01% for SPY.
Holdings Overlap
18.5% of FDLS's money is in holdings SPY also owns. 4.1% of SPY's money is in holdings FDLS also owns.
FDLS and SPY share little of their money.
19 positions in common, counted across the 101 positions we hold weights for in FDLS and 504 in SPY, against full books of 102 and 505.
What only one of them owns
Our book lists 477 positions for SPY that do not appear in our book for FDLS (95.4% of the fund), and 67 for FDLS that do not appear in SPY (66.8%).
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 FDLS | Weight in SPY | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.89% | 2.97% | 2.08% |
| VLOValero Energy | 1.39% | 0.14% | 1.25% |
| APAApa Corp | 1.18% | 0.02% | 1.16% |
| EOGEog Resources Inc | 1.05% | 0.11% | 0.94% |
| SLBSchlumberger Nv. | 1.05% | 0.11% | 0.94% |
| CBOECboe Global Market | 1.10% | 0.05% | 1.05% |
| JKHYJack Henry & Associates Inc | 1.12% | 0.02% | 1.10% |
| DVNDevon Energy Corporation | 1.06% | 0.08% | 0.98% |
| CFCf Industries Holdings Inc. | 1.07% | 0.03% | 1.04% |
| ADMArcher-Daniels-Midland Co. | 1.02% | 0.06% | 0.96% |
You are not choosing between two funds in isolation.
Whichever of FDLS and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FDLS or SPY?
FDLS has an expense ratio of 0.66% while SPY charges 0.09%. SPY is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, FDLS or SPY?
Over the past year FDLS returned +27.98% vs +19.97% for SPY, so FDLS leads on 1-year performance. Over the longest common window we track (4 years), FDLS annualized +17.37% vs +18.23% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDLS or SPY?
FDLS has been the more volatile fund at 18.4% annualized versus 14.2% for SPY. Worst drawdown: FDLS -23.3% vs SPY -18.8%.
Should I hold both FDLS and SPY?
FDLS and SPY have a monthly-return correlation of 0.80, 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 FDLS and SPY?
18.5% of FDLS's money is in holdings SPY also owns. 4.1% of SPY's is in holdings FDLS also owns. They hold 19 positions in common, counted across the 101 positions we hold weights for in FDLS and 504 in SPY.
Which pays a higher dividend, FDLS or SPY?
FDLS yields 0.80% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than FDLS?
SPY has a lower expense ratio. FDLS led over 1Y, SPY over 3Y and the full window. FDLS is less concentrated, with 13.6% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.