FDV vs SPY
Federated Hermes US Strategic Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FDV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. FDV led over 1Y, SPY over 3Y and the full window. FDV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.8%.
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 | FDV | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $909M | $804.7B |
| Dividend Yield | 2.70% | 0.98% |
| Holdings | 50 | 505 |
| YTD Return | +16.13%Best | +12.22% |
| 1Y Return | +18.19%Best | +16.97% |
| 3Y Return (annualized) | +15.58% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 12.2%Best | 12.9% |
| Max Drawdown | -16.7%Best | -18.8% |
| $10,000 over 3.8 years | $14,690 | $20,127Best |
| Top 10 Weight | 33.5%Best | 37.8% |
| Fund Family | Federated Hermes Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 15, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 16, 2022 to Sep 17, 2026 (3.8 years).
FDV 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 3.8 years both funds cover.
FDV vs SPY Performance
Federated Hermes US Strategic Dividend ETF (FDV) is an ETF from Federated Hermes Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FDV returned +18.19% while SPY returned +16.97%. Year to date, FDV is up 16.13% versus a gain of 12.22% for SPY.
Over three years, FDV compounded at +15.58% per year against +21.16% for SPY. Across the full 4-year window we track, SPY has the edge at +20.21% annualized vs +10.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 12.2% for FDV. 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 -16.7% for FDV and -18.8% 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 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FDV 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, FDV currently yields 2.70% against 0.98% for SPY.
Holdings Overlap
90.8% of FDV's money is in holdings SPY also owns. 8.9% of SPY's money is in holdings FDV also owns.
Most of FDV is already inside SPY. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 51 positions we hold weights for in FDV and 504 in SPY, against full books of 50 and 505.
What only one of them owns
Our book lists 453 positions for SPY that do not appear in our book for FDV (90.6% of the fund), and 5 for FDV that do not appear in SPY (6.7%).
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 FDV | Weight in SPY | Difference |
|---|---|---|---|
| PAYXPaychex, Inc. | 4.72% | 0.06% | 4.66% |
| PNCPnc Financial Services Group Inc. | 4.03% | 0.14% | 3.89% |
| CVXChevron Corp | 3.52% | 0.60% | 2.92% |
| USBUS Bancorp | 3.67% | 0.14% | 3.53% |
| PEPPepsico Inc. | 3.29% | 0.29% | 3.00% |
| ABBVAbbvie Inc. | 2.80% | 0.70% | 2.10% |
| AMGNAmgen Inc. | 3.11% | 0.36% | 2.75% |
| PLDPrologis Inc | 2.83% | 0.20% | 2.63% |
| MDTMedtronic Plc Ordinary Shares | 2.78% | 0.18% | 2.60% |
| WECWec Energy Group Inc. | 2.78% | 0.05% | 2.73% |
90.8% of FDV 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, FDV or SPY?
FDV has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, FDV or SPY?
Over the past year FDV returned +18.19% vs +16.97% for SPY, so FDV leads on 1-year performance. Over the longest common window we track (4 years), FDV annualized +10.65% vs +20.21% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDV or SPY?
SPY has been the more volatile fund at 12.9% annualized versus 12.2% for FDV. Worst drawdown: FDV -16.7% vs SPY -18.8%.
Should I hold both FDV and SPY?
FDV and SPY have a monthly-return correlation of 0.53, 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 FDV and SPY?
90.8% of FDV's money is in holdings SPY also owns. 8.9% of SPY's is in holdings FDV also owns. They hold 45 positions in common, counted across the 51 positions we hold weights for in FDV and 504 in SPY.
Which pays a higher dividend, FDV or SPY?
FDV yields 2.70% while SPY yields 0.98%, so FDV currently pays the higher dividend yield.
Is SPY better than FDV?
SPY has a lower expense ratio. FDV led over 1Y, SPY over 3Y and the full window. FDV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.