FFLV vs SPGM
Fidelity Fundamental Large Cap Value ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. FFLV delivered stronger 1-year returns. SPGM offers more diversification with 2846 holdings.
Side-by-Side Comparison
| Metric | FFLV | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $16M | $1.7B | |
| Dividend Yield | 1.41% | 1.80% | |
| Holdings | 119 | 2,985 | |
| YTD Return | +18.05% | +14.47% | |
| 1Y Return | +31.83% | +26.32% | |
| 3Y Return (annualized) | - | +21.02% | |
| 5Y Return (annualized) | - | +11.49% | |
| Volatility (annualized) | 12.3% | 13.6% | |
| Max Drawdown | -16.7% | -34.0% | |
| Fund Family | Fidelity Investments (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | Feb 27, 2012 |
FFLV vs SPGM Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year FFLV returned +31.83% while SPGM returned +26.32%. Year to date, FFLV is up 18.05% versus a gain of 14.47% for SPGM.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.3% for FFLV. 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 FFLV and -34.0% for SPGM. 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
FFLV charges 0.38% per year while SPGM charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 1.80% for SPGM.
Holdings Overlap
FFLV and SPGM share 65 holdings out of 2886 unique holdings combined, representing a 19.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or SPGM?
FFLV has an expense ratio of 0.38% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, FFLV or SPGM?
Over the past year FFLV returned +31.83% vs +26.32% for SPGM, so FFLV leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.56% vs +9.89% for SPGM. Past performance does not guarantee future results.
Which is riskier, FFLV or SPGM?
SPGM has been the more volatile fund at 13.6% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs SPGM -34.0%.
Should I hold both FFLV and SPGM?
FFLV and SPGM 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 FFLV and SPGM?
FFLV and SPGM share 65 common holdings with a 19.4% weight overlap. Combined, they hold 2886 unique securities.
Which pays a higher dividend, FFLV or SPGM?
FFLV yields 1.41% while SPGM yields 1.80%, so SPGM currently pays the higher dividend yield.
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