FSEV vs SPY
Fidelity Enhanced Small Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FSEV or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. FSEV is less concentrated, with 8.2% of the fund in its ten largest positions against 37.8%.
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 | FSEV | SPY |
|---|---|---|
| Expense Ratio | 0.28% | 0.09%Best |
| AUM | $7M | $804.7B |
| Dividend Yield | 0.27% | 0.98% |
| Holdings | 390 | 505 |
| YTD Return | +2.44% | +12.89%Best |
| 1Y Return | - | +17.01% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.01% |
| Top 10 Weight | 8.2%Best | 37.8% |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Apr 28, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FSEV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FSEV vs SPY Performance
Fidelity Enhanced Small Cap Value ETF (FSEV) 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. Year to date, FSEV is up 2.44% versus a gain of 12.89% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
FSEV 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, FSEV currently yields 0.27% against 0.98% for SPY.
Holdings Overlap
0.1% of FSEV's money is in holdings SPY also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 434 positions we hold weights for in FSEV and 504 in SPY, against full books of 390 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for FSEV (99.3% of the fund), and 407 for FSEV that do not appear in SPY (93.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FSEV | Weight in SPY | Difference |
|---|---|---|---|
| AOSAnika Therapeutics Inc | 0.08% | 0.01% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of FSEV 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, FSEV or SPY?
FSEV has an expense ratio of 0.28% while SPY charges 0.09%. SPY is the cheaper option, by $19 a year on a $10,000 investment.
Which pays a higher dividend, FSEV or SPY?
FSEV yields 0.27% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FSEV?
SPY has a lower expense ratio. FSEV is less concentrated, with 8.2% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.