FSEV vs SPY
Fidelity Enhanced Small Cap Value 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 | FSEV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.09% | |
| AUM | $7M | $821.1B | |
| Dividend Yield | 0.27% | 1.01% | |
| Holdings | 383 | 505 | |
| YTD Return | +8.28% | +13.17% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 28, 2026 | Jan 22, 1993 |
FSEV vs SPY Performance
Fidelity Enhanced Small Cap Value ETF (FSEV) 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, FSEV is up 8.28% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.2% for FSEV 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
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 1.01% for SPY.
Holdings Overlap
FSEV and SPY share 5 holdings out of 882 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $19 per year of difference.
What is the holdings overlap between FSEV and SPY?
FSEV and SPY share 5 common holdings with a 0.8% weight overlap. Combined, they hold 882 unique securities.
Which pays a higher dividend, FSEV or SPY?
FSEV yields 0.27% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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