FLCO vs SPY
Franklin Investment Grade Corporate ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLCO or SPY?
Long Term Mid 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 | FLCO | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $553M | $804.7B |
| Dividend Yield | 4.78% | 0.98% |
| Holdings | 229 | 505 |
| YTD Return | -0.94% | +13.82%Best |
| 1Y Return | -0.48% | +16.96%Best |
| 3Y Return (annualized) | +5.06% | +22.97%Best |
| 5Y Return (annualized) | -0.67% | +13.73%Best |
| Volatility (annualized) | 7.4%Best | 15.4% |
| Max Drawdown | -23.9%Best | -34.1% |
| $10,000 over 5 years | $9,669 | $19,027Best |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Long Term Mid Quality | Large Cap Blend |
| Inception | Oct 3, 2016 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 5, 2016 to Sep 21, 2026 (10 years).
FLCO 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.
FLCO vs SPY Performance
Franklin Investment Grade Corporate ETF (FLCO) is an ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FLCO returned -0.48% while SPY returned +16.96%. Year to date, FLCO is down 0.94% versus a gain of 13.82% for SPY.
Over three years, FLCO compounded at +5.06% per year against +22.97% for SPY; over five years the annualized figures are -0.67% and +13.73% respectively. Across the full 10-year window we track, SPY has the edge at +14.53% annualized vs +0.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 7.4% for FLCO. 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 -23.9% for FLCO 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLCO charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, FLCO currently yields 4.78% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 163 holdings in FLCO and 504 in SPY, totalling 76.6% and 99.9% 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 163 positions we hold weights for in FLCO and 504 in SPY, against full books of 229 and 505.
You are not choosing between two funds in isolation.
Whichever of FLCO 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, FLCO or SPY?
FLCO has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, FLCO or SPY?
Over the past year FLCO returned -0.48% vs +16.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), FLCO annualized +0.39% vs +14.53% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCO or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 7.4% for FLCO. Worst drawdown: FLCO -23.9% vs SPY -34.1%.
Should I hold both FLCO and SPY?
FLCO and SPY have a monthly-return correlation of 0.62, 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, FLCO or SPY?
FLCO yields 4.78% while SPY yields 0.98%, so FLCO currently pays the higher dividend yield.
Is SPY better than FLCO?
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.