FPWR vs SPY
First Trust EIP Power Solutions 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 | FPWR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.09% | |
| AUM | $30M | $789.1B | |
| Dividend Yield | 1.82% | 1.01% | |
| Holdings | 60 | 505 | |
| YTD Return | +12.39% | +13.68% | |
| 1Y Return | +15.14% | +21.53% | |
| 3Y Return (annualized) | +18.04% | +21.44% | |
| 5Y Return (annualized) | +11.35% | +13.18% | |
| Volatility (annualized) | 14.5% | 15.3% | |
| Max Drawdown | -32.3% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 20, 2019 | Jan 22, 1993 |
FPWR vs SPY Performance
First Trust EIP Power Solutions ETF (FPWR) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FPWR returned +15.14% while SPY returned +21.53%. Year to date, FPWR is up 12.39% versus a gain of 13.68% for SPY.
Over three years, FPWR compounded at +18.04% per year against +21.44% for SPY; over five years the annualized figures are +11.35% and +13.18% respectively. Across the full 7-year window we track, FPWR has the edge at +11.07% annualized vs +8.85%. 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 14.5% for FPWR. 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 -32.3% for FPWR 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FPWR charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, FPWR currently yields 1.82% against 1.01% for SPY.
Holdings Overlap
FPWR and SPY share 33 holdings out of 527 unique holdings combined, representing a 2.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPWR or SPY?
FPWR has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, FPWR or SPY?
Over the past year FPWR returned +15.14% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), FPWR annualized +11.07% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FPWR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for FPWR. Worst drawdown: FPWR -32.3% vs SPY -56.5%.
Should I hold both FPWR and SPY?
FPWR and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPWR and SPY?
FPWR and SPY share 33 common holdings with a 2.8% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, FPWR or SPY?
FPWR yields 1.82% while SPY yields 1.01%, so FPWR currently pays the higher dividend yield.
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