FDLXX vs SPY
Fidelity Treasury Only Money Market Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDLXX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.09% | |
| AUM | $13.1B | $821.1B | |
| Dividend Yield | 3.16% | 1.01% | |
| Holdings | 57 | 505 | |
| YTD Return | +0.00% | +12.71% | |
| 1Y Return | - | +20.53% | |
| 3Y Return (annualized) | - | +21.60% | |
| 5Y Return (annualized) | - | +12.79% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | 0.0% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Money Market | Equity | |
| Inception | Jan 5, 1988 | Jan 22, 1993 |
FDLXX vs SPY Performance
Fidelity Treasury Only Money Market Fund (FDLXX) is a mutual fund from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FDLXX is up 0.00% versus a gain of 12.71% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was 0.0% for FDLXX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FDLXX charges 0.42% per year while SPY charges 0.09%. On a $10,000 position that is $42 vs $9 annually, a gap of $33 per year that compounds over a long holding period. On income, FDLXX currently yields 3.16% against 1.01% for SPY.
Holdings Overlap
FDLXX and SPY share 0 holdings out of 518 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDLXX or SPY?
FDLXX has an expense ratio of 0.42% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
What is the holdings overlap between FDLXX and SPY?
FDLXX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, FDLXX or SPY?
FDLXX yields 3.16% while SPY yields 1.01%, so FDLXX currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.