FEMD vs SPY
First Eagle Mid Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FEMD or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. FEMD is less concentrated, with 23.0% of the fund in its ten largest positions against 38.2%.
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 | FEMD | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $4M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 69 | 1,515 |
| YTD Return | -1.57% | +13.54%Best |
| 1Y Return | - | +16.25% |
| 3Y Return (annualized) | - | +23.72% |
| 5Y Return (annualized) | - | +13.95% |
| Top 10 Weight | 23.0%Best | 38.2% |
| Fund Family | First Eagle Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jan 27, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FEMD 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.
FEMD vs SPY Performance
First Eagle Mid Cap Equity ETF (FEMD) is an ETF from First Eagle Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, FEMD is down 1.57% versus a gain of 13.54% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
FEMD charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, FEMD currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
33.8% of FEMD's money is in holdings SPY also owns. 1.2% of SPY's money is in holdings FEMD also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 69 positions we hold weights for in FEMD and 504 in SPY, against full books of 69 and 1,515.
What only one of them owns
Our book lists 477 positions for SPY that do not appear in our book for FEMD (98.1% of the fund), and 43 for FEMD that do not appear in SPY (61.6%).
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 FEMD | Weight in SPY | Difference |
|---|---|---|---|
| GEHCGe Healthcare Technologies Inc | 2.53% | 0.04% | 2.49% |
| TRGPTarga Resources Corp Preferred | 2.36% | 0.09% | 2.27% |
| PSXPhillips 66 | 2.23% | 0.16% | 2.07% |
| WDAYWorkday, Inc., Class A | 2.17% | 0.06% | 2.11% |
| STE:IESteris Plc Ordinary Shares | 2.07% | 0.03% | 2.04% |
| OKEOneok Inc. | 2.00% | 0.09% | 1.91% |
| DGXQuest Diagnostics Inc | 2.00% | 0.04% | 1.96% |
| RFRegions Financia | 1.97% | 0.04% | 1.93% |
| RJFRaymond James Financial Inc. | 1.77% | 0.05% | 1.72% |
| CAHCardinal Health Inc. | 1.60% | 0.08% | 1.52% |
33.8% of FEMD 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, FEMD or SPY?
FEMD has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
What is the holdings overlap between FEMD and SPY?
33.8% of FEMD's money is in holdings SPY also owns. 1.2% of SPY's is in holdings FEMD also owns. They hold 21 positions in common, counted across the 69 positions we hold weights for in FEMD and 504 in SPY.
Which pays a higher dividend, FEMD or SPY?
FEMD yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FEMD?
SPY has a lower expense ratio. FEMD is less concentrated, with 23.0% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.