FDTX vs SPY
Fidelity Disruptive Technology ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FDTX delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FDTX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $299M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 46 | 505 | |
| YTD Return | +34.80% | +13.79% | |
| 1Y Return | +38.98% | +23.66% | |
| 3Y Return (annualized) | +29.35% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 26.9% | 15.3% | |
| Max Drawdown | -27.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | Jan 22, 1993 |
FDTX vs SPY Performance
Fidelity Disruptive Technology ETF (FDTX) 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 FDTX returned +38.98% while SPY returned +23.66%. Year to date, FDTX is up 34.80% versus a gain of 13.79% for SPY.
Over three years, FDTX compounded at +29.35% per year against +21.40% for SPY. Across the full 3-year window we track, FDTX has the edge at +27.64% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDTX has been the more volatile fund, with annualized monthly volatility of 26.9% 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 -27.2% for FDTX 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDTX charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, FDTX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
FDTX and SPY share 24 holdings out of 522 unique holdings combined, representing a 22.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDTX or SPY?
FDTX has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, FDTX or SPY?
Over the past year FDTX returned +38.98% vs +23.66% for SPY, so FDTX leads on 1-year performance. Over the longest common window we track (3 years), FDTX annualized +27.64% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FDTX or SPY?
FDTX has been the more volatile fund at 26.9% annualized versus 15.3% for SPY. Worst drawdown: FDTX -27.2% vs SPY -56.5%.
Should I hold both FDTX and SPY?
FDTX and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDTX and SPY?
FDTX and SPY share 24 common holdings with a 22.3% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, FDTX or SPY?
FDTX yields 0.00% while SPY yields 1.01%, so SPY 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.