FNDB vs SPY
Schwab Fundamental US Broad Market ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FNDB delivered stronger 1-year returns. FNDB offers more diversification with 1627 holdings.
Side-by-Side Comparison
| Metric | FNDB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $1.4B | $789.1B | |
| Dividend Yield | 1.46% | 1.01% | |
| Holdings | 1,649 | 505 | |
| YTD Return | +18.99% | +13.39% | |
| 1Y Return | +32.45% | +22.52% | |
| 3Y Return (annualized) | +20.07% | +21.36% | |
| 5Y Return (annualized) | +13.36% | +13.19% | |
| Volatility (annualized) | 15.2% | 15.3% | |
| Max Drawdown | -38.2% | -56.5% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 15, 2013 | Jan 22, 1993 |
FNDB vs SPY Performance
Schwab Fundamental US Broad Market ETF (FNDB) is a ETF from Charles Schwab Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FNDB returned +32.45% while SPY returned +22.52%. Year to date, FNDB is up 18.99% versus a gain of 13.39% for SPY.
Over three years, FNDB compounded at +20.07% per year against +21.36% for SPY; over five years the annualized figures are +13.36% and +13.19% respectively. Across the full 13-year window we track, FNDB has the edge at +11.82% annualized vs +8.84%. 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 15.2% for FNDB. 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 -38.2% for FNDB 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNDB charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, FNDB currently yields 1.46% against 1.01% for SPY.
Holdings Overlap
FNDB and SPY share 481 holdings out of 1649 unique holdings combined, representing a 56.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FNDB or SPY?
FNDB has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, FNDB or SPY?
Over the past year FNDB returned +32.45% vs +22.52% for SPY, so FNDB leads on 1-year performance. Over the longest common window we track (13 years), FNDB annualized +11.82% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, FNDB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.2% for FNDB. Worst drawdown: FNDB -38.2% vs SPY -56.5%.
Should I hold both FNDB and SPY?
FNDB and SPY have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FNDB and SPY?
FNDB and SPY share 481 common holdings with a 56.3% weight overlap. Combined, they hold 1649 unique securities.
Which pays a higher dividend, FNDB or SPY?
FNDB yields 1.46% while SPY yields 1.01%, so FNDB currently pays the higher dividend yield.
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