FFND vs SPY
One Global ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FFND or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. FFND is less concentrated, with 25.3% of the fund in its ten largest positions against 37.8%.
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 | FFND | SPY |
|---|---|---|
| Expense Ratio | 1.00% | 0.09%Best |
| AUM | $98M | $804.7B |
| Dividend Yield | 0.59% | 0.98% |
| Holdings | 91 | 505 |
| YTD Return | +6.63% | +12.22%Best |
| 1Y Return | +9.93% | +16.97%Best |
| 3Y Return (annualized) | +18.57% | +21.16%Best |
| 5Y Return (annualized) | +5.17% | +13.00%Best |
| Volatility (annualized) | 22.7% | 15.8%Best |
| Max Drawdown | -47.8% | -24.5%Best |
| $10,000 over 5 years | $12,866 | $18,424Best |
| Top 10 Weight | 25.3%Best | 37.8% |
| Fund Family | The Future Fund | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 24, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Aug 24, 2021 to Sep 17, 2026 (5.1 years).
FFND 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 5.1 years both funds cover.
FFND vs SPY Performance
One Global ETF (FFND) is an ETF from The Future Fund and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FFND returned +9.93% while SPY returned +16.97%. Year to date, FFND is up 6.63% versus a gain of 12.22% for SPY.
Over three years, FFND compounded at +18.57% per year against +21.16% for SPY; over five years the annualized figures are +5.17% and +13.00% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FFND has been the more volatile fund, with annualized monthly volatility of 22.7% compared with 15.8% 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 -47.8% for FFND 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFND charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, FFND currently yields 0.59% against 0.98% for SPY.
Holdings Overlap
49.9% of FFND's money is in holdings SPY also owns. 43.6% of SPY's money is in holdings FFND also owns.
The two portfolios partly overlap.
36 positions in common, counted across the 89 positions we hold weights for in FFND and 504 in SPY, against full books of 91 and 505.
What only one of them owns
Our book lists 461 positions for SPY that do not appear in our book for FFND (55.8% of the fund), and 31 for FFND that do not appear in SPY (27.9%).
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 FFND | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.19% | 7.26% | 3.07% |
| NVDANvidia Corp | 3.09% | 8.01% | 4.92% |
| MSFTMicrosoft Corp | 2.57% | 5.66% | 3.09% |
| AMZNAmazon.Com Inc | 4.26% | 3.79% | 0.47% |
| GOOGLAlphabet Inc,class A | 2.74% | 2.99% | 0.25% |
| AVGOBroadcom Inc | 2.19% | 2.66% | 0.47% |
| METAMeta Platforms Inc | 1.12% | 1.93% | 0.81% |
| JPMJpmorgan Chase | 1.29% | 1.45% | 0.16% |
| JNJJohnson & Johnson - Common | 1.32% | 0.99% | 0.33% |
| VVisa Inc Class A | 1.09% | 0.94% | 0.15% |
49.9% of FFND 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, FFND or SPY?
FFND has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, FFND or SPY?
Over the past year FFND returned +9.93% vs +16.97% 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, FFND or SPY?
FFND has been the more volatile fund at 22.7% annualized versus 15.8% for SPY. Worst drawdown: FFND -47.8% vs SPY -24.5%.
Should I hold both FFND and SPY?
FFND and SPY have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FFND and SPY?
49.9% of FFND's money is in holdings SPY also owns. 43.6% of SPY's is in holdings FFND also owns. They hold 36 positions in common, counted across the 89 positions we hold weights for in FFND and 504 in SPY.
Which pays a higher dividend, FFND or SPY?
FFND yields 0.59% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FFND?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. FFND is less concentrated, with 25.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.