FIDI vs SPY
Fidelity International High Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FIDI delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FIDI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $362M | $821.1B | |
| Dividend Yield | 3.90% | 1.01% | |
| Holdings | 119 | 505 | |
| YTD Return | +15.19% | +14.24% | |
| 1Y Return | +25.99% | +21.71% | |
| 3Y Return (annualized) | +21.48% | +22.10% | |
| 5Y Return (annualized) | +12.34% | +13.21% | |
| Volatility (annualized) | 17.4% | 15.3% | |
| Max Drawdown | -50.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 16, 2018 | Jan 22, 1993 |
FIDI vs SPY Performance
Fidelity International High Dividend ETF (FIDI) 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 FIDI returned +25.99% while SPY returned +21.71%. Year to date, FIDI is up 15.19% versus a gain of 14.24% for SPY.
Over three years, FIDI compounded at +21.48% per year against +22.10% for SPY; over five years the annualized figures are +12.34% and +13.21% respectively. Across the full 9-year window we track, SPY has the edge at +8.86% annualized vs +4.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIDI has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.3% 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 -50.6% for FIDI 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FIDI charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, FIDI currently yields 3.90% against 1.01% for SPY.
Holdings Overlap
FIDI and SPY share 0 holdings out of 607 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, FIDI or SPY?
FIDI has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FIDI or SPY?
Over the past year FIDI returned +25.99% vs +21.71% for SPY, so FIDI leads on 1-year performance. Over the longest common window we track (9 years), FIDI annualized +4.94% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FIDI or SPY?
FIDI has been the more volatile fund at 17.4% annualized versus 15.3% for SPY. Worst drawdown: FIDI -50.6% vs SPY -56.5%.
Should I hold both FIDI and SPY?
FIDI and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIDI and SPY?
FIDI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 607 unique securities.
Which pays a higher dividend, FIDI or SPY?
FIDI yields 3.90% while SPY yields 1.01%, so FIDI currently pays the higher dividend yield.
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