RFDI vs SPY
First Trust RiverFront Dynamic Developed International ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. RFDI delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RFDI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.83% | 0.09% | |
| AUM | $161M | $789.1B | |
| Dividend Yield | 3.25% | 1.01% | |
| Holdings | 159 | 505 | |
| YTD Return | +15.29% | +13.68% | |
| 1Y Return | +26.81% | +21.53% | |
| 3Y Return (annualized) | +21.64% | +21.44% | |
| 5Y Return (annualized) | +8.76% | +13.18% | |
| Volatility (annualized) | 15.4% | 15.3% | |
| Max Drawdown | -42.4% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 14, 2016 | Jan 22, 1993 |
RFDI vs SPY Performance
First Trust RiverFront Dynamic Developed International ETF (RFDI) 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 RFDI returned +26.81% while SPY returned +21.53%. Year to date, RFDI is up 15.29% versus a gain of 13.68% for SPY.
Over three years, RFDI compounded at +21.64% per year against +21.44% for SPY; over five years the annualized figures are +8.76% and +13.18% respectively. Across the full 10-year window we track, SPY has the edge at +8.85% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RFDI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 15.3% for SPY. 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 -42.4% for RFDI 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RFDI charges 0.83% per year while SPY charges 0.09%. On a $10,000 position that is $83 vs $9 annually, a gap of $74 per year that compounds over a long holding period. On income, RFDI currently yields 3.25% against 1.01% for SPY.
Holdings Overlap
RFDI and SPY share 1 holdings out of 649 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RFDI | Weight in SPY | Difference |
|---|---|---|---|
| ORCL | 0.13% | 0.38% | 0.25% |
Frequently Asked Questions
Which is cheaper, RFDI or SPY?
RFDI has an expense ratio of 0.83% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, RFDI or SPY?
Over the past year RFDI returned +26.81% vs +21.53% for SPY, so RFDI leads on 1-year performance. Over the longest common window we track (10 years), RFDI annualized +8.09% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, RFDI or SPY?
RFDI has been the more volatile fund at 15.4% annualized versus 15.3% for SPY. Worst drawdown: RFDI -42.4% vs SPY -56.5%.
Should I hold both RFDI and SPY?
RFDI and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RFDI and SPY?
RFDI and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 649 unique securities.
Which pays a higher dividend, RFDI or SPY?
RFDI yields 3.25% while SPY yields 1.01%, so RFDI currently pays the higher dividend yield.
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