FORH vs SPY
Formidable 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 | FORH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.19% | 0.09% | |
| AUM | $19M | $789.1B | |
| Dividend Yield | 1.78% | 1.01% | |
| Holdings | 48 | 505 | |
| YTD Return | +4.10% | +13.68% | |
| 1Y Return | +8.45% | +21.53% | |
| 3Y Return (annualized) | +3.94% | +21.44% | |
| 5Y Return (annualized) | +1.81% | +13.18% | |
| Volatility (annualized) | 13.4% | 15.3% | |
| Max Drawdown | -20.7% | -56.5% | |
| Fund Family | Formidable Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 29, 2021 | Jan 22, 1993 |
FORH vs SPY Performance
Formidable ETF (FORH) is a ETF from Formidable Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FORH returned +8.45% while SPY returned +21.53%. Year to date, FORH is up 4.10% versus a gain of 13.68% for SPY.
Over three years, FORH compounded at +3.94% per year against +21.44% for SPY; over five years the annualized figures are +1.81% and +13.18% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +1.85%. 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 13.4% for FORH. 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 -20.7% for FORH 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FORH charges 1.19% per year while SPY charges 0.09%. On a $10,000 position that is $119 vs $9 annually, a gap of $110 per year that compounds over a long holding period. On income, FORH currently yields 1.78% against 1.01% for SPY.
Holdings Overlap
FORH and SPY share 4 holdings out of 533 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FORH or SPY?
FORH has an expense ratio of 1.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $110 per year of difference.
Which performed better, FORH or SPY?
Over the past year FORH returned +8.45% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), FORH annualized +1.85% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FORH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.4% for FORH. Worst drawdown: FORH -20.7% vs SPY -56.5%.
Should I hold both FORH and SPY?
FORH and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FORH and SPY?
FORH and SPY share 4 common holdings with a 0.1% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, FORH or SPY?
FORH yields 1.78% while SPY yields 1.01%, so FORH currently pays the higher dividend yield.
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