FLCE vs SPY
FLCE vs SPY
Frontier Asset US Large Cap Equity 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 | FLCE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.09% | |
| AUM | $80M | $789.1B | |
| Dividend Yield | 0.31% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +12.17% | +13.79% | |
| 1Y Return | +21.38% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 11.6% | 15.3% | |
| Max Drawdown | -17.5% | -56.5% | |
| Fund Family | Frontier Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 19, 2024 | Jan 22, 1993 |
FLCE vs SPY Performance
Frontier Asset US Large Cap Equity ETF (FLCE) is a ETF from Frontier Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FLCE returned +21.38% while SPY returned +23.66%. Year to date, FLCE is up 12.17% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.6% for FLCE. 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 -17.5% for FLCE 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLCE charges 0.86% per year while SPY charges 0.09%. On a $10,000 position that is $86 vs $9 annually, a gap of $77 per year that compounds over a long holding period. On income, FLCE currently yields 0.31% against 1.01% for SPY.
Holdings Overlap
FLCE and SPY share 0 holdings out of 510 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, FLCE or SPY?
FLCE has an expense ratio of 0.86% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, FLCE or SPY?
Over the past year FLCE returned +21.38% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLCE annualized +16.15% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FLCE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.6% for FLCE. Worst drawdown: FLCE -17.5% vs SPY -56.5%.
Should I hold both FLCE and SPY?
FLCE and SPY have a monthly-return correlation of 0.99, 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 FLCE and SPY?
FLCE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, FLCE or SPY?
FLCE yields 0.31% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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