FDRV vs SPY
Fidelity Electric Vehicles and Future Transportation ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FDRV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 1.20% | 1.01% | |
| Holdings | 55 | 505 | |
| YTD Return | +8.10% | +13.68% | |
| 1Y Return | +16.10% | +21.53% | |
| 3Y Return (annualized) | -0.88% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 29.9% | 15.3% | |
| Max Drawdown | -63.9% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | Jan 22, 1993 |
FDRV vs SPY Performance
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FDRV returned +16.10% while SPY returned +21.53%. Year to date, FDRV is up 8.10% versus a gain of 13.68% for SPY.
Over three years, FDRV compounded at -0.88% per year against +21.44% for SPY. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs -6.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDRV has been the more volatile fund, with annualized monthly volatility of 29.9% 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 -63.9% for FDRV 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 0.75. 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 1.20% against 1.01% for SPY.
Holdings Overlap
FDRV and SPY share 8 holdings out of 545 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $30 per year of difference.
Which performed better, FDRV or SPY?
Over the past year FDRV returned +16.10% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), FDRV annualized -6.63% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FDRV or SPY?
FDRV has been the more volatile fund at 29.9% annualized versus 15.3% for SPY. Worst drawdown: FDRV -63.9% vs SPY -56.5%.
Should I hold both FDRV and SPY?
FDRV and SPY have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDRV and SPY?
FDRV and SPY share 8 common holdings with a 2.6% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, FDRV or SPY?
FDRV yields 1.20% while SPY yields 1.01%, so FDRV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.