FDWM vs SPY
FDWM vs SPY
Fidelity Womens Leadership 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 | FDWM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 0.52% | 1.01% | |
| Holdings | 82 | 505 | |
| YTD Return | +17.37% | +13.10% | |
| 1Y Return | +14.55% | +22.80% | |
| 3Y Return (annualized) | +16.64% | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 17.3% | 15.3% | |
| Max Drawdown | -29.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Jan 22, 1993 |
FDWM vs SPY Performance
Fidelity Womens Leadership ETF (FDWM) 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 FDWM returned +14.55% while SPY returned +22.80%. Year to date, FDWM is up 17.37% versus a gain of 13.10% for SPY.
Over three years, FDWM compounded at +16.64% per year against +20.98% for SPY. Across the full 4-year window we track, SPY has the edge at +8.83% annualized vs +7.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -29.1% for FDWM 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDWM charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 1.01% for SPY.
Holdings Overlap
FDWM and SPY share 64 holdings out of 525 unique holdings combined, representing a 38.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDWM | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.02% | 7.31% | 0.29% |
| AAPL | 5.91% | 7.09% | 1.18% |
| MSFT | 7.10% | 4.43% | 2.67% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
| MA | Pro | Pro | Pro |
See all 10 holdings FDWM shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FDWM or SPY?
FDWM has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, FDWM or SPY?
Over the past year FDWM returned +14.55% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), FDWM annualized +7.73% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, FDWM or SPY?
FDWM has been the more volatile fund at 17.3% annualized versus 15.3% for SPY. Worst drawdown: FDWM -29.1% vs SPY -56.5%.
Should I hold both FDWM and SPY?
FDWM and SPY have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDWM and SPY?
FDWM and SPY share 64 common holdings with a 38.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, FDWM or SPY?
FDWM yields 0.52% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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