FITE vs SPY
State Street SPDR S&P Kensho Future Security ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FITE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FITE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $160M | $821.1B | |
| Dividend Yield | 0.13% | 1.01% | |
| Holdings | 81 | 505 | |
| YTD Return | +28.65% | +13.21% | |
| 1Y Return | +37.85% | +19.87% | |
| 3Y Return (annualized) | +31.88% | +21.16% | |
| 5Y Return (annualized) | +16.12% | +12.74% | |
| Volatility (annualized) | 21.3% | 15.3% | |
| Max Drawdown | -37.2% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 18, 2017 | Jan 22, 1993 |
FITE vs SPY Performance
State Street SPDR S&P Kensho Future Security ETF (FITE) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FITE returned +37.85% while SPY returned +19.87%. Year to date, FITE is up 28.65% versus a gain of 13.21% for SPY.
Over three years, FITE compounded at +31.88% per year against +21.16% for SPY; over five years the annualized figures are +16.12% and +12.74% respectively. Across the full 9-year window we track, FITE has the edge at +16.54% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FITE has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -37.2% for FITE 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FITE charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, FITE currently yields 0.13% against 1.01% for SPY.
Holdings Overlap
FITE and SPY share 21 holdings out of 562 unique holdings combined, representing a 5.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FITE or SPY?
FITE has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FITE or SPY?
Over the past year FITE returned +37.85% vs +19.87% for SPY, so FITE leads on 1-year performance. Over the longest common window we track (9 years), FITE annualized +16.54% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, FITE or SPY?
FITE has been the more volatile fund at 21.3% annualized versus 15.3% for SPY. Worst drawdown: FITE -37.2% vs SPY -56.5%.
Should I hold both FITE and SPY?
FITE and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FITE and SPY?
FITE and SPY share 21 common holdings with a 5.0% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, FITE or SPY?
FITE yields 0.13% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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