FIVA vs SPY
Fidelity International Value Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FIVA delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FIVA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $560M | $789.1B | |
| Dividend Yield | 2.64% | 1.01% | |
| Holdings | 113 | 505 | |
| YTD Return | +17.70% | +13.68% | |
| 1Y Return | +34.95% | +21.53% | |
| 3Y Return (annualized) | +23.50% | +21.44% | |
| 5Y Return (annualized) | +14.13% | +13.18% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -44.3% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 16, 2018 | Jan 22, 1993 |
FIVA vs SPY Performance
Fidelity International Value Factor ETF (FIVA) 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 FIVA returned +34.95% while SPY returned +21.53%. Year to date, FIVA is up 17.70% versus a gain of 13.68% for SPY.
Over three years, FIVA compounded at +23.50% per year against +21.44% for SPY; over five years the annualized figures are +14.13% and +13.18% respectively. Across the full 9-year window we track, SPY has the edge at +8.85% annualized vs +7.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIVA has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -44.3% for FIVA 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FIVA 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, FIVA currently yields 2.64% against 1.01% for SPY.
Holdings Overlap
FIVA and SPY share 1 holdings out of 609 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FIVA | Weight in SPY | Difference |
|---|---|---|---|
| DTEG.N:BE | 1.13% | 0.05% | 1.08% |
Frequently Asked Questions
Which is cheaper, FIVA or SPY?
FIVA 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, FIVA or SPY?
Over the past year FIVA returned +34.95% vs +21.53% for SPY, so FIVA leads on 1-year performance. Over the longest common window we track (9 years), FIVA annualized +7.94% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FIVA or SPY?
FIVA has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: FIVA -44.3% vs SPY -56.5%.
Should I hold both FIVA and SPY?
FIVA and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIVA and SPY?
FIVA and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 609 unique securities.
Which pays a higher dividend, FIVA or SPY?
FIVA yields 2.64% while SPY yields 1.01%, so FIVA currently pays the higher dividend yield.
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