FDRX vs SPY
Founder-Led 2X Daily ETF 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 | FDRX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.08% | 0.09% | |
| AUM | $11M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 3 | 505 | |
| YTD Return | -2.44% | +14.47% | |
| 1Y Return | - | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -38.4% | -56.5% | |
| Fund Family | Corgi Strategies, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 14, 2026 | Jan 22, 1993 |
FDRX vs SPY Performance
Founder-Led 2X Daily ETF (FDRX) is a ETF from Corgi Strategies, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FDRX is down 2.44% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -38.4% for FDRX 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
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 1.01% for SPY.
Holdings Overlap
FDRX and SPY share 0 holdings out of 504 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, FDRX or SPY?
FDRX has an expense ratio of 1.08% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
What is the holdings overlap between FDRX and SPY?
FDRX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, FDRX or SPY?
FDRX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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