FIXP vs SPY
FIXP vs SPY
FolioBeyond Enhanced Fixed Income Premium 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 | FIXP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.09% | |
| AUM | $10M | $789.1B | |
| Dividend Yield | 5.67% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +2.10% | +13.10% | |
| 1Y Return | +6.13% | +22.80% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 2.6% | 15.3% | |
| Max Drawdown | -3.4% | -56.5% | |
| Fund Family | FolioBeyond | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 22, 2025 | Jan 22, 1993 |
FIXP vs SPY Performance
FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) is a ETF from FolioBeyond and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FIXP returned +6.13% while SPY returned +22.80%. Year to date, FIXP is up 2.10% versus a gain of 13.10% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.6% for FIXP. 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 -3.4% for FIXP 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIXP charges 1.01% per year while SPY charges 0.09%. On a $10,000 position that is $101 vs $9 annually, a gap of $92 per year that compounds over a long holding period. On income, FIXP currently yields 5.67% against 1.01% for SPY.
Holdings Overlap
FIXP and SPY share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FIXP or SPY?
FIXP has an expense ratio of 1.01% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, FIXP or SPY?
Over the past year FIXP returned +6.13% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FIXP annualized +4.52% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, FIXP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.6% for FIXP. Worst drawdown: FIXP -3.4% vs SPY -56.5%.
Should I hold both FIXP and SPY?
FIXP and SPY have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIXP and SPY?
FIXP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, FIXP or SPY?
FIXP yields 5.67% while SPY yields 1.01%, so FIXP currently pays the higher dividend yield.
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