FLDR vs SPY
Fidelity Low Duration Bond Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FLDR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $1.9B | $789.1B | |
| Dividend Yield | 4.69% | 1.01% | |
| Holdings | 361 | 505 | |
| YTD Return | -0.35% | +13.68% | |
| 1Y Return | +1.25% | +21.53% | |
| 3Y Return (annualized) | +4.33% | +21.44% | |
| 5Y Return (annualized) | +3.20% | +13.18% | |
| Volatility (annualized) | 2.1% | 15.3% | |
| Max Drawdown | -12.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 12, 2018 | Jan 22, 1993 |
FLDR vs SPY Performance
Fidelity Low Duration Bond Factor ETF (FLDR) 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 FLDR returned +1.25% while SPY returned +21.53%. Year to date, FLDR is down 0.35% versus a gain of 13.68% for SPY.
Over three years, FLDR compounded at +4.33% per year against +21.44% for SPY; over five years the annualized figures are +3.20% and +13.18% respectively. Across the full 8-year window we track, SPY has the edge at +8.85% annualized vs +2.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.1% for FLDR. 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 -12.2% for FLDR 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDR charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, FLDR currently yields 4.69% against 1.01% for SPY.
Holdings Overlap
FLDR and SPY share 0 holdings out of 802 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLDR or SPY?
FLDR has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FLDR or SPY?
Over the past year FLDR returned +1.25% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), FLDR annualized +2.86% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FLDR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.1% for FLDR. Worst drawdown: FLDR -12.2% vs SPY -56.5%.
Should I hold both FLDR and SPY?
FLDR and SPY have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDR and SPY?
FLDR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 802 unique securities.
Which pays a higher dividend, FLDR or SPY?
FLDR yields 4.69% while SPY yields 1.01%, so FLDR currently pays the higher dividend yield.
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