FEUS vs SPY
Northern Trust ESG & Climate US Large Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FEUS or SPY?
SPY has been ahead.
SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.1%.
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 | FEUS | SPY |
|---|---|---|
| Expense Ratio | 0.09%Tie | 0.09%Tie |
| AUM | $115M | $804.7B |
| Dividend Yield | 0.96% | 0.98% |
| Holdings | 179 | 505 |
| YTD Return | +13.65%Best | +13.51% |
| 1Y Return | +17.85% | +18.19%Best |
| 3Y Return (annualized) | +21.41% | +23.29%Best |
| 5Y Return (annualized) | +11.90% | +13.21%Best |
| Volatility (annualized) | 16.0% | 15.7%Best |
| Max Drawdown | -25.3% | -24.5%Best |
| $10,000 over 5 years | $17,545 | $18,596Best |
| Top 10 Weight | 39.1% | 37.8%Best |
| Fund Family | Northern Trust Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 20, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2021 to Sep 25, 2026 (5 years).
FEUS 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 5 years both funds cover.
FEUS vs SPY Performance
Northern Trust ESG & Climate US Large Cap Core ETF (FEUS) is an ETF from Northern Trust Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FEUS returned +17.85% while SPY returned +18.19%. Year to date, FEUS is up 13.65% versus a gain of 13.51% for SPY.
Over three years, FEUS compounded at +21.41% per year against +23.29% for SPY; over five years the annualized figures are +11.90% and +13.21% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEUS has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 15.7% 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 -25.3% for FEUS and -24.5% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEUS charges 0.09% per year while SPY charges 0.09%. On a $10,000 position that is $9 vs $9 annually. On income, FEUS currently yields 0.96% against 0.98% for SPY.
Holdings Overlap
97.1% of FEUS's money is in holdings SPY also owns. 63.4% of SPY's money is in holdings FEUS also owns.
Most of FEUS is already inside SPY. Owning both mostly buys the same companies twice.
122 positions in common, counted across the 128 positions we hold weights for in FEUS and 504 in SPY, against full books of 179 and 505.
What only one of them owns
Our book lists 376 positions for SPY that do not appear in our book for FEUS (36.1% of the fund), and 5 for FEUS that do not appear in SPY (0.5%).
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 FEUS | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.96% | 8.01% | 0.05% |
| AAPLApple, Inc | 6.77% | 7.26% | 0.49% |
| MSFTMicrosoft Corp | 5.88% | 5.66% | 0.22% |
| AMZNAmazon.Com Inc | 4.19% | 3.79% | 0.40% |
| GOOGLAlphabet Inc,class A | 3.49% | 2.99% | 0.50% |
| GOOGAlphabet Inc | 2.90% | 2.39% | 0.51% |
| AVGOBroadcom Inc | 1.47% | 2.66% | 1.19% |
| TSLATesla Inc | 2.34% | 1.52% | 0.82% |
| METAMeta Platforms Inc | 1.75% | 1.93% | 0.18% |
| JPMJpmorgan Chase | 2.08% | 1.45% | 0.63% |
97.1% of FEUS 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, FEUS or SPY?
FEUS has an expense ratio of 0.09% while SPY charges 0.09%. At the precision these are quoted to, they cost the same.
Which performed better, FEUS or SPY?
Over the past year FEUS returned +17.85% vs +18.19% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEUS or SPY?
FEUS has been the more volatile fund at 16.0% annualized versus 15.7% for SPY. Worst drawdown: FEUS -25.3% vs SPY -24.5%.
Should I hold both FEUS and SPY?
FEUS and SPY have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FEUS and SPY?
97.1% of FEUS's money is in holdings SPY also owns. 63.4% of SPY's is in holdings FEUS also owns. They hold 122 positions in common, counted across the 128 positions we hold weights for in FEUS and 504 in SPY.
Which pays a higher dividend, FEUS or SPY?
FEUS yields 0.96% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FEUS?
SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.