FISR vs SPY
State Street Fixed Income Sector Rotation ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FISR or SPY?
Short Term High Quality against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | FISR | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $627M | $804.7B |
| Dividend Yield | 4.25% | 0.98% |
| Holdings | 12 | 505 |
| YTD Return | -1.28% | +11.52%Best |
| 1Y Return | -0.74% | +17.48%Best |
| 3Y Return (annualized) | +3.47% | +20.62%Best |
| 5Y Return (annualized) | -1.47% | +12.73%Best |
| Volatility (annualized) | 6.0%Best | 16.6% |
| Max Drawdown | -21.3%Best | -34.1% |
| $10,000 over 5 years | $9,286 | $18,205Best |
| Top 10 Weight | - | 38.0% |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Short Term High Quality | Large Cap Blend |
| Inception | Apr 2, 2019 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 3, 2019 to Sep 10, 2026 (7.4 years).
FISR 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FISR vs SPY Performance
State Street Fixed Income Sector Rotation ETF (FISR) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FISR returned -0.74% while SPY returned +17.48%. Year to date, FISR is down 1.28% versus a gain of 11.52% for SPY.
Over three years, FISR compounded at +3.47% per year against +20.62% for SPY; over five years the annualized figures are -1.47% and +12.73% respectively. Across the full 7-year window we track, SPY has the edge at +15.12% annualized vs -0.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 6.0% for FISR. 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 -21.3% for FISR and -34.1% 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 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FISR charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, FISR currently yields 4.25% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 9 holdings in FISR and 504 in SPY, totalling 99.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 9 positions we hold weights for in FISR and 504 in SPY, against full books of 12 and 505.
What only one of them owns
Our book lists 494 positions for SPY that do not appear in our book for FISR (99.5% of the fund), and 9 for FISR that do not appear in SPY (99.9%).
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.
You are not choosing between two funds in isolation.
Whichever of FISR and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FISR or SPY?
FISR has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, FISR or SPY?
Over the past year FISR returned -0.74% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), FISR annualized -0.22% vs +15.12% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FISR or SPY?
SPY has been the more volatile fund at 16.6% annualized versus 6.0% for FISR. Worst drawdown: FISR -21.3% vs SPY -34.1%.
Should I hold both FISR and SPY?
FISR and SPY have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FISR or SPY?
FISR yields 4.25% while SPY yields 0.98%, so FISR currently pays the higher dividend yield.
Is SPY better than FISR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.