FLDB vs SPY
Fidelity Low Duration Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLDB or SPY?
Short Term High Quality against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y 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 | FLDB | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $415M | $804.7B |
| Dividend Yield | 4.72% | 0.98% |
| Holdings | 397 | 505 |
| YTD Return | +2.34% | +12.22%Best |
| 1Y Return | +3.64% | +16.97%Best |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 0.5%Best | 12.0% |
| Max Drawdown | -0.5%Best | -18.8% |
| $10,000 over 2.6 years | $11,229 | $15,640Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Short Term High Quality | Large Cap Blend |
| Inception | Feb 22, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 26, 2024 to Sep 17, 2026 (2.6 years).
FLDB 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 covers the 2.6 years both funds cover.
FLDB vs SPY Performance
Fidelity Low Duration Bond ETF (FLDB) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FLDB returned +3.64% while SPY returned +16.97%. Year to date, FLDB is up 2.34% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 0.5% for FLDB. 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 -0.5% for FLDB and -18.8% 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 0.29. They move largely independently of each other.
Fees and Cost Over Time
FLDB charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, FLDB currently yields 4.72% against 0.98% for SPY.
Holdings Overlap
At least 5.2% of SPY's money is in holdings FLDB also owns.
Stated as a floor: for FLDB, our book for it covers 10.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and FLDB share little of their money.
13 positions in common, counted across the 30 positions we hold weights for in FLDB and 504 in SPY, against full books of 397 and 505.
Top Shared Holdings
| Stock | Weight in FLDB | Weight in SPY | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 0.29% | 1.40% | 1.11% |
| MRKMerck & Company Inc | 0.27% | 0.56% | 0.29% |
| ABBVAbbvie Inc. | 0.12% | 0.70% | 0.58% |
| CCitigroup Inc. | 0.31% | 0.34% | 0.03% |
| GSGoldman Sachs Group Inc/The | 0.19% | 0.45% | 0.26% |
| PMPhilip Morris International Inc. | 0.19% | 0.44% | 0.25% |
| TBBAt&t Inc | 0.29% | 0.27% | 0.02% |
| APHAmphenol Corp. Class A | 0.14% | 0.31% | 0.17% |
| PNCPnc Financial Services Group Inc. | 0.24% | 0.14% | 0.10% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 0.30% | 0.07% | 0.23% |
You are not choosing between two funds in isolation.
Whichever of FLDB 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, FLDB or SPY?
FLDB has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FLDB or SPY?
Over the past year FLDB returned +3.64% vs +16.97% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLDB or SPY?
SPY has been the more volatile fund at 12.0% annualized versus 0.5% for FLDB. Worst drawdown: FLDB -0.5% vs SPY -18.8%.
Should I hold both FLDB and SPY?
FLDB and SPY have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLDB and SPY?
At least 5.2% of SPY's money is in holdings FLDB also owns. Our book for FLDB is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 30 positions we hold weights for in FLDB and 504 in SPY.
Which pays a higher dividend, FLDB or SPY?
FLDB yields 4.72% while SPY yields 0.98%, so FLDB currently pays the higher dividend yield.
Is SPY better than FLDB?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.