FBND vs SPY
FBND vs SPY
Fidelity Total Bond 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 | FBND | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.09% | |
| AUM | $26.6B | $789.1B | |
| Dividend Yield | 5.07% | 1.01% | |
| Holdings | 1,558 | 505 | |
| YTD Return | -0.08% | +11.49% | |
| 1Y Return | +2.22% | +21.37% | |
| 3Y Return (annualized) | +4.67% | +20.76% | |
| 5Y Return (annualized) | +0.33% | +12.94% | |
| Volatility (annualized) | 5.0% | 15.3% | |
| Max Drawdown | -17.3% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 6, 2014 | Jan 22, 1993 |
FBND vs SPY Performance
Fidelity Total Bond ETF (FBND) 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 FBND returned +2.22% while SPY returned +21.37%. Year to date, FBND is down 0.08% versus a gain of 11.49% for SPY.
Over three years, FBND compounded at +4.67% per year against +20.76% for SPY; over five years the annualized figures are +0.33% and +12.94% respectively. Across the full 12-year window we track, SPY has the edge at +8.78% annualized vs +0.97%. 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 5.0% for FBND. 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 -17.3% for FBND 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBND charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, FBND currently yields 5.07% against 1.01% for SPY.
Holdings Overlap
FBND and SPY share 1 holdings out of 543 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FBND | Weight in SPY | Difference |
|---|---|---|---|
| SATS | 0.05% | 0.02% | 0.03% |
Frequently Asked Questions
Which is cheaper, FBND or SPY?
FBND has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, FBND or SPY?
Over the past year FBND returned +2.22% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (12 years), FBND annualized +0.97% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, FBND or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.0% for FBND. Worst drawdown: FBND -17.3% vs SPY -56.5%.
Should I hold both FBND and SPY?
FBND and SPY have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBND and SPY?
FBND and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, FBND or SPY?
FBND yields 5.07% while SPY yields 1.01%, so FBND 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.