FDRX vs SPY
Founder-Led 2X Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDRX or SPY?
Trading-Leveraged Equity against Large Cap Blend.
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 | FDRX | SPY |
|---|---|---|
| Expense Ratio | 1.08% | 0.09%Best |
| AUM | $5M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 52 | 505 |
| YTD Return | -5.01% | +12.09%Best |
| 1Y Return | - | +16.29% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Top 10 Weight | 57.2% | 37.8%Best |
| Fund Family | Corgi Strategies, LLC | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jan 14, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FDRX 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.
FDRX vs SPY Performance
Founder-Led 2X Daily ETF (FDRX) 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, FDRX is down 5.01% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
FDRX charges 1.08% per year while SPY charges 0.09%. On a $10,000 position that is $108 vs $9 annually, a gap of $99 per year that compounds over a long holding period. On income, FDRX currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
81.8% of FDRX's money is in holdings SPY also owns. 15.9% of SPY's money is in holdings FDRX also owns.
Most of FDRX 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 FDRX 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 FDRX (83.4% of the fund), and 17 for FDRX that do not appear in SPY (13.9%).
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 FDRX | 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. | 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 FDRX 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, FDRX or SPY?
FDRX has an expense ratio of 1.08% while SPY charges 0.09%. SPY is the cheaper option, by $99 a year on a $10,000 investment.
What is the holdings overlap between FDRX and SPY?
81.8% of FDRX's money is in holdings SPY also owns. 15.9% of SPY's is in holdings FDRX also owns. They hold 31 positions in common, counted across the 51 positions we hold weights for in FDRX and 504 in SPY.
Which pays a higher dividend, FDRX or SPY?
FDRX yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FDRX?
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.