FPFD vs SPY
Fidelity Preferred Securities & Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FPFD or SPY?
Allocation/Balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y 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 | FPFD | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $81M | $814.4B |
| Dividend Yield | 5.81% | 1.01% |
| Holdings | 333 | 505 |
| YTD Return | -3.56% | +13.34%Best |
| 1Y Return | -2.45% | +19.97%Best |
| 3Y Return (annualized) | +5.53% | +21.20%Best |
| 5Y Return (annualized) | +0.38% | +12.81%Best |
| Volatility (annualized) | 8.4%Best | 15.5% |
| Max Drawdown | -20.8%Best | -24.5% |
| $10,000 over 5 years | $10,191 | $18,270Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Jun 15, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 17, 2021 to Sep 4, 2026 (5.2 years).
FPFD 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 5.2 years both funds cover.
FPFD vs SPY Performance
Fidelity Preferred Securities & Income ETF (FPFD) 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 FPFD returned -2.45% while SPY returned +19.97%. Year to date, FPFD is down 3.56% versus a gain of 13.34% for SPY.
Over three years, FPFD compounded at +5.53% per year against +21.20% for SPY; over five years the annualized figures are +0.38% and +12.81% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 8.4% for FPFD. 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 -20.8% for FPFD and -24.5% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FPFD charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, FPFD currently yields 5.81% against 1.01% for SPY.
Holdings Overlap
At least 1.8% of SPY's money is in holdings FPFD also owns.
Stated as a floor: for FPFD, our book for it covers 76.9% 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 FPFD share little of their money.
6 positions in common, counted across the 253 positions we hold weights for in FPFD and 504 in SPY, against full books of 333 and 505.
Top Shared Holdings
| Stock | Weight in FPFD | Weight in SPY | Difference |
|---|---|---|---|
| GSGoldman Sachs Group, Inc. (The), Series V | 1.36% | 0.47% | 0.89% |
| BACBank Of America Corp | 0.43% | 0.62% | 0.19% |
| CCitigroup Inc 6.875 11/73 6.88 2173-11-15 | 0.28% | 0.35% | 0.07% |
| DLRDigital Realty Trust, Inc. Pfd Ser L | 0.30% | 0.10% | 0.20% |
| USBUs Bancorp | 0.09% | 0.15% | 0.06% |
| ETREntergy Louisiana Llc | 0.02% | 0.07% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of FPFD 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, FPFD or SPY?
FPFD has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, FPFD or SPY?
Over the past year FPFD returned -2.45% vs +19.97% 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, FPFD or SPY?
SPY has been the more volatile fund at 15.5% annualized versus 8.4% for FPFD. Worst drawdown: FPFD -20.8% vs SPY -24.5%.
Should I hold both FPFD and SPY?
FPFD and SPY have a monthly-return correlation of 0.69, 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 FPFD and SPY?
At least 1.8% of SPY's money is in holdings FPFD also owns. Our book for FPFD is partial, so the real figure is this or higher. They hold 6 positions in common, counted across the 253 positions we hold weights for in FPFD and 504 in SPY.
Which pays a higher dividend, FPFD or SPY?
FPFD yields 5.81% while SPY yields 1.01%, so FPFD currently pays the higher dividend yield.
Is SPY better than FPFD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.