FLMX vs SPY
Franklin FTSE Mexico ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLMX or SPY?
Each has led over a different period.
SPY has a lower expense ratio. FLMX led over 1Y, SPY over 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 64.6%.
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 | FLMX | SPY |
|---|---|---|
| Expense Ratio | 0.19% | 0.09%Best |
| AUM | $85M | $814.4B |
| Dividend Yield | 3.81% | 1.01% |
| Holdings | 40 | 505 |
| YTD Return | +11.54% | +13.34%Best |
| 1Y Return | +25.33%Best | +19.97% |
| 3Y Return (annualized) | +12.01% | +21.20%Best |
| 5Y Return (annualized) | +12.39% | +12.81%Best |
| Volatility (annualized) | 24.2% | 16.3%Best |
| Max Drawdown | -52.7% | -34.1%Best |
| $10,000 over 5 years | $17,932 | $18,270Best |
| Top 10 Weight | 64.6% | 38.0%Best |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 3, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 6, 2017 to Sep 4, 2026 (8.8 years).
FLMX 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 8.8 years both funds cover.
FLMX vs SPY Performance
Franklin FTSE Mexico ETF (FLMX) 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 FLMX returned +25.33% while SPY returned +19.97%. Year to date, FLMX is up 11.54% versus a gain of 13.34% for SPY.
Over three years, FLMX compounded at +12.01% per year against +21.20% for SPY; over five years the annualized figures are +12.39% and +12.81% respectively. Across the full 9-year window we track, SPY has the edge at +14.10% annualized vs +6.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLMX has been the more volatile fund, with annualized monthly volatility of 24.2% compared with 16.3% 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 -52.7% for FLMX 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
FLMX charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, FLMX currently yields 3.81% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 34 holdings in FLMX and 504 in SPY, totalling 99.7% and 100.0% 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 34 positions we hold weights for in FLMX and 504 in SPY, against full books of 40 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for FLMX (99.5% of the fund), and 0 for FLMX that do not appear in SPY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FLMX 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, FLMX or SPY?
FLMX has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FLMX or SPY?
Over the past year FLMX returned +25.33% vs +19.97% for SPY, so FLMX leads on 1-year performance. Over the longest common window we track (9 years), FLMX annualized +6.97% vs +14.10% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMX or SPY?
FLMX has been the more volatile fund at 24.2% annualized versus 16.3% for SPY. Worst drawdown: FLMX -52.7% vs SPY -34.1%.
Should I hold both FLMX and SPY?
FLMX 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, FLMX or SPY?
FLMX yields 3.81% while SPY yields 1.01%, so FLMX currently pays the higher dividend yield.
Is SPY better than FLMX?
SPY has a lower expense ratio. FLMX led over 1Y, SPY over 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 64.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.