FDLS vs SPY
Inspire Fidelis Multi Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FDLS delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDLS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $244M | $821.1B | |
| Dividend Yield | 0.80% | 1.01% | |
| Holdings | 101 | 505 | |
| YTD Return | +22.83% | +14.24% | |
| 1Y Return | +33.81% | +21.71% | |
| 3Y Return (annualized) | +20.16% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 18.6% | 15.3% | |
| Max Drawdown | -23.3% | -56.5% | |
| Fund Family | Inspire ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 23, 2022 | Jan 22, 1993 |
FDLS vs SPY Performance
Inspire Fidelis Multi Factor ETF (FDLS) is a ETF from Inspire ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FDLS returned +33.81% while SPY returned +21.71%. Year to date, FDLS is up 22.83% versus a gain of 14.24% for SPY.
Over three years, FDLS compounded at +20.16% per year against +22.10% for SPY. Across the full 4-year window we track, FDLS has the edge at +17.97% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDLS has been the more volatile fund, with annualized monthly volatility of 18.6% 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 -23.3% for FDLS 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDLS charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, FDLS currently yields 0.80% against 1.01% for SPY.
Holdings Overlap
FDLS and SPY share 19 holdings out of 586 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDLS or SPY?
FDLS has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, FDLS or SPY?
Over the past year FDLS returned +33.81% vs +21.71% for SPY, so FDLS leads on 1-year performance. Over the longest common window we track (4 years), FDLS annualized +17.97% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FDLS or SPY?
FDLS has been the more volatile fund at 18.6% annualized versus 15.3% for SPY. Worst drawdown: FDLS -23.3% vs SPY -56.5%.
Should I hold both FDLS and SPY?
FDLS and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDLS and SPY?
FDLS and SPY share 19 common holdings with a 2.0% weight overlap. Combined, they hold 586 unique securities.
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.
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