FEUS vs SPY
FEUS vs SPY
FlexShares ESG & Climate US Large Cap Core Index Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
FEUS has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FEUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.09% | |
| AUM | $111M | $789.1B | |
| Dividend Yield | 1.00% | 1.01% | |
| Holdings | 171 | 505 | |
| YTD Return | +13.89% | +13.50% | |
| 1Y Return | +23.47% | +23.56% | |
| 3Y Return (annualized) | +19.39% | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 16.1% | 15.3% | |
| Max Drawdown | -25.3% | -56.5% | |
| Fund Family | Flexshares Trust | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2021 | Jan 22, 1993 |
FEUS vs SPY Performance
FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) is a ETF from Flexshares Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FEUS returned +23.47% while SPY returned +23.56%. Year to date, FEUS is up 13.89% versus a gain of 13.50% for SPY.
Over three years, FEUS compounded at +19.39% per year against +21.17% for SPY. Across the full 5-year window we track, FEUS has the edge at +12.69% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEUS has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -25.3% for FEUS 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEUS charges 0.09% per year while SPY charges 0.09%. On a $10,000 position that is $9 vs $9 annually, a gap of $0 per year that compounds over a long holding period. On income, FEUS currently yields 1.00% against 1.01% for SPY.
Holdings Overlap
FEUS and SPY share 149 holdings out of 521 unique holdings combined, representing a 59.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FEUS | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.99% | 7.31% | 0.68% |
| AAPL | 6.98% | 7.09% | 0.11% |
| MSFT | 5.01% | 4.43% | 0.58% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings FEUS 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, FEUS or SPY?
FEUS has an expense ratio of 0.09% while SPY charges 0.09%. FEUS is the cheaper option. On a $10,000 investment, that is $0 per year of difference.
Which performed better, FEUS or SPY?
Over the past year FEUS returned +23.47% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), FEUS annualized +12.69% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FEUS or SPY?
FEUS has been the more volatile fund at 16.1% annualized versus 15.3% for SPY. Worst drawdown: FEUS -25.3% vs SPY -56.5%.
Should I hold both FEUS and SPY?
FEUS and SPY have a monthly-return correlation of 1.00, 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 FEUS and SPY?
FEUS and SPY share 149 common holdings with a 59.3% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, FEUS or SPY?
FEUS yields 1.00% while SPY yields 1.01%, so SPY 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.