FSEG vs SPY
Fidelity Enhanced Small Cap Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FSEG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.09% | |
| AUM | $7M | $821.1B | |
| Dividend Yield | 0.03% | 1.01% | |
| Holdings | 412 | 505 | |
| YTD Return | +10.23% | +12.93% | |
| 1Y Return | - | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 28, 2026 | Jan 22, 1993 |
FSEG vs SPY Performance
Fidelity Enhanced Small Cap Growth ETF (FSEG) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FSEG is up 10.23% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.8% for FSEG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FSEG charges 0.28% per year while SPY charges 0.09%. On a $10,000 position that is $28 vs $9 annually, a gap of $19 per year that compounds over a long holding period. On income, FSEG currently yields 0.03% against 1.01% for SPY.
Holdings Overlap
FSEG and SPY share 4 holdings out of 912 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSEG or SPY?
FSEG has an expense ratio of 0.28% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
What is the holdings overlap between FSEG and SPY?
FSEG and SPY share 4 common holdings with a 0.2% weight overlap. Combined, they hold 912 unique securities.
Which pays a higher dividend, FSEG or SPY?
FSEG yields 0.03% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.