FDRS vs SPY
Founder-Led ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDRS or SPY?
SPY costs less.
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 57.2%.
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 | FDRS | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $57M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 52 | 505 |
| YTD Return | +3.60% | +11.97%Best |
| 1Y Return | - | +16.40% |
| 3Y Return (annualized) | - | +21.10% |
| 5Y Return (annualized) | - | +12.88% |
| Top 10 Weight | 57.2% | 37.8%Best |
| Fund Family | Corgi Strategies, LLC | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 29, 2025 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FDRS 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FDRS vs SPY Performance
Founder-Led ETF (FDRS) is an ETF from Corgi Strategies, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, FDRS is up 3.60% versus a gain of 11.97% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
FDRS charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, FDRS currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
81.8% of FDRS's money is in holdings SPY also owns. 15.9% of SPY's money is in holdings FDRS also owns.
Most of FDRS is already inside SPY. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 51 positions we hold weights for in FDRS and 504 in SPY, against full books of 52 and 505.
What only one of them owns
Our book lists 466 positions for SPY that do not appear in our book for FDRS (83.4% of the fund), and 16 for FDRS that do not appear in SPY (13.1%).
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 FDRS | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.56% | 8.01% | 1.55% |
| METAMeta Platforms Inc | 9.34% | 1.93% | 7.41% |
| TSLATesla Inc | 8.54% | 1.52% | 7.02% |
| PLTRPalantir Technologies Inc | 7.41% | 0.63% | 6.78% |
| ORCLOracle Corp - Common | 4.64% | 0.36% | 4.28% |
| CRWDCrowdstrike Holdings Inc | 4.09% | 0.33% | 3.76% |
| CRMSalesforce Inc Crm Us Equity | 3.73% | 0.32% | 3.41% |
| ANETArista Networks Inc Common Stock | 3.68% | 0.30% | 3.38% |
| BLKBlackrock Funding Inc/De | 3.02% | 0.25% | 2.77% |
| DELLDell Technologies Inc | 2.63% | 0.19% | 2.44% |
81.8% of FDRS 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, FDRS or SPY?
FDRS has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
What is the holdings overlap between FDRS and SPY?
81.8% of FDRS's money is in holdings SPY also owns. 15.9% of SPY's is in holdings FDRS also owns. They hold 31 positions in common, counted across the 51 positions we hold weights for in FDRS and 504 in SPY.
Which pays a higher dividend, FDRS or SPY?
FDRS yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FDRS?
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.