FEMV vs SPY
Fidelity Enhanced Mid Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FEMV or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. FEMV is less concentrated, with 10.3% of the fund in its ten largest positions against 38.0%.
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 | FEMV | SPY |
|---|---|---|
| Expense Ratio | 0.23% | 0.09%Best |
| AUM | $7M | $804.7B |
| Dividend Yield | 0.25% | 0.98% |
| Holdings | 245 | 505 |
| YTD Return | +8.84% | +12.47%Best |
| 1Y Return | - | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Top 10 Weight | 10.3%Best | 38.0% |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Apr 28, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FEMV 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.
FEMV vs SPY Performance
Fidelity Enhanced Mid Cap Value ETF (FEMV) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, FEMV is up 8.84% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
FEMV charges 0.23% per year while SPY charges 0.09%. On a $10,000 position that is $23 vs $9 annually, a gap of $14 per year that compounds over a long holding period. On income, FEMV currently yields 0.25% against 0.98% for SPY.
Holdings Overlap
58.7% of FEMV's money is in holdings SPY also owns. 7.0% of SPY's money is in holdings FEMV also owns.
The two portfolios partly overlap.
125 positions in common, counted across the 243 positions we hold weights for in FEMV and 504 in SPY, against full books of 245 and 505.
What only one of them owns
Our book lists 369 positions for SPY that do not appear in our book for FEMV (92.5% of the fund), and 107 for FEMV that do not appear in SPY (36.8%).
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 FEMV | Weight in SPY | Difference |
|---|---|---|---|
| NUENucor Corp. | 1.12% | 0.09% | 1.03% |
| DLRDigital Realty Trust Inc. | 1.01% | 0.10% | 0.91% |
| AMEAmetek Inc. | 1.01% | 0.09% | 0.92% |
| ALLAllstate Corp. | 1.00% | 0.10% | 0.90% |
| STTState Street Corp. | 1.00% | 0.08% | 0.92% |
| KMIKinder Morgan Inc./de | 0.98% | 0.09% | 0.89% |
| MPCMarathon Petroleum Corp. | 0.90% | 0.14% | 0.76% |
| WABWestinghouse Air Brake Technologies Corp. | 0.94% | 0.08% | 0.86% |
| HPEHewlett Packard Enterprise Co. | 0.90% | 0.10% | 0.80% |
| VTRVentas, Inc. | 0.92% | 0.07% | 0.85% |
58.7% of FEMV 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, FEMV or SPY?
FEMV has an expense ratio of 0.23% while SPY charges 0.09%. SPY is the cheaper option, by $14 a year on a $10,000 investment.
What is the holdings overlap between FEMV and SPY?
58.7% of FEMV's money is in holdings SPY also owns. 7.0% of SPY's is in holdings FEMV also owns. They hold 125 positions in common, counted across the 243 positions we hold weights for in FEMV and 504 in SPY.
Which pays a higher dividend, FEMV or SPY?
FEMV yields 0.25% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FEMV?
SPY has a lower expense ratio. FEMV is less concentrated, with 10.3% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.