FDRV vs SPY
Fidelity Electric Vehicles and Future Transportation ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDRV or SPY?
All Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.9%.
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 | FDRV | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $26M | $804.7B |
| Dividend Yield | 1.34% | 0.98% |
| Holdings | 64 | 505 |
| YTD Return | -0.57% | +13.82%Best |
| 1Y Return | -5.60% | +16.96%Best |
| 3Y Return (annualized) | -0.21% | +22.97%Best |
| 5Y Return (annualized) | -8.05% | +13.73%Best |
| Volatility (annualized) | 29.6% | 15.6%Best |
| Max Drawdown | -63.9% | -24.5%Best |
| $10,000 over 5 years | $6,573 | $19,027Best |
| Top 10 Weight | 41.9% | 37.8%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Oct 5, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Sep 21, 2026 (5 years).
FDRV 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 5 years both funds cover.
FDRV vs SPY Performance
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FDRV returned -5.60% while SPY returned +16.96%. Year to date, FDRV is down 0.57% versus a gain of 13.82% for SPY.
Over three years, FDRV compounded at -0.21% per year against +22.97% for SPY; over five years the annualized figures are -8.05% and +13.73% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDRV has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 15.6% 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 -63.9% for FDRV and -24.5% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDRV charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, FDRV currently yields 1.34% against 0.98% for SPY.
Holdings Overlap
18.2% of FDRV's money is in holdings SPY also owns. 2.2% of SPY's money is in holdings FDRV also owns.
FDRV and SPY share little of their money.
7 positions in common, counted across the 50 positions we hold weights for in FDRV and 504 in SPY, against full books of 64 and 505.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for FDRV (97.2% of the fund), and 21 for FDRV that do not appear in SPY (35.5%).
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 FDRV | Weight in SPY | Difference |
|---|---|---|---|
| UBERUber Technologies Inc | 5.97% | 0.23% | 5.74% |
| TSLATesla Inc | 4.56% | 1.52% | 3.04% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 3.80% | 0.09% | 3.71% |
| ALBAlbemarle Corp. | 1.31% | 0.02% | 1.29% |
| SWKSSkyworks Solutions Inc. | 1.24% | 0.02% | 1.22% |
| ONOn Semiconductor Corp | 0.81% | 0.04% | 0.77% |
| ADIAnalog Devices, Inc. | 0.48% | 0.26% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of FDRV 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, FDRV or SPY?
FDRV has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FDRV or SPY?
Over the past year FDRV returned -5.60% vs +16.96% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDRV or SPY?
FDRV has been the more volatile fund at 29.6% annualized versus 15.6% for SPY. Worst drawdown: FDRV -63.9% vs SPY -24.5%.
Should I hold both FDRV and SPY?
FDRV and SPY have a monthly-return correlation of 0.74, 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 FDRV and SPY?
18.2% of FDRV's money is in holdings SPY also owns. 2.2% of SPY's is in holdings FDRV also owns. They hold 7 positions in common, counted across the 50 positions we hold weights for in FDRV and 504 in SPY.
Which pays a higher dividend, FDRV or SPY?
FDRV yields 1.34% while SPY yields 0.98%, so FDRV currently pays the higher dividend yield.
Is SPY better than FDRV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.