FFGX vs SPY
Fidelity Fundamental Global ex-US ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FFGX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $54M | $821.1B | |
| Dividend Yield | 1.54% | 1.01% | |
| Holdings | 174 | 505 | |
| YTD Return | +13.71% | +14.24% | |
| 1Y Return | +20.97% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 13.6% | 15.3% | |
| Max Drawdown | -14.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | Jan 22, 1993 |
FFGX vs SPY Performance
Fidelity Fundamental Global ex-US ETF (FFGX) 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 FFGX returned +20.97% while SPY returned +21.71%. Year to date, FFGX is up 13.71% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% for FFGX. 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 -14.8% for FFGX 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFGX 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, FFGX currently yields 1.54% against 1.01% for SPY.
Holdings Overlap
FFGX and SPY share 0 holdings out of 676 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFGX or SPY?
FFGX has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, FFGX or SPY?
Over the past year FFGX returned +20.97% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FFGX annualized +22.63% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FFGX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.6% for FFGX. Worst drawdown: FFGX -14.8% vs SPY -56.5%.
Should I hold both FFGX and SPY?
FFGX and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFGX and SPY?
FFGX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 676 unique securities.
Which pays a higher dividend, FFGX or SPY?
FFGX yields 1.54% while SPY yields 1.01%, so FFGX currently pays the higher dividend yield.
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