FSYD vs SPY
Fidelity Sustainable High Yield 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 | FSYD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $137M | $789.1B | |
| Dividend Yield | 6.98% | 1.01% | |
| Holdings | 411 | 505 | |
| YTD Return | +3.66% | +13.68% | |
| 1Y Return | +7.98% | +21.53% | |
| 3Y Return (annualized) | +9.09% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 7.9% | 15.3% | |
| Max Drawdown | -12.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 15, 2022 | Jan 22, 1993 |
FSYD vs SPY Performance
Fidelity Sustainable High Yield ETF (FSYD) 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. Over the past year FSYD returned +7.98% while SPY returned +21.53%. Year to date, FSYD is up 3.66% versus a gain of 13.68% for SPY.
Over three years, FSYD compounded at +9.09% per year against +21.44% for SPY. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +5.85%. 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 7.9% for FSYD. 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 -12.1% for FSYD 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FSYD charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, FSYD currently yields 6.98% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FSYD or SPY?
FSYD has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, FSYD or SPY?
Over the past year FSYD returned +7.98% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), FSYD annualized +5.85% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FSYD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.9% for FSYD. Worst drawdown: FSYD -12.1% vs SPY -56.5%.
Should I hold both FSYD and SPY?
FSYD and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSYD and SPY?
FSYD and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, FSYD or SPY?
FSYD yields 6.98% while SPY yields 1.01%, so FSYD currently pays the higher dividend yield.
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