FLDB vs SPY
FLDB vs SPY
Fidelity Low Duration 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 | FLDB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $409M | $789.1B | |
| Dividend Yield | 4.76% | 1.01% | |
| Holdings | 394 | 505 | |
| YTD Return | +1.95% | +9.93% | |
| 1Y Return | +4.04% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 0.4% | 15.3% | |
| Max Drawdown | -0.5% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2024 | Jan 22, 1993 |
FLDB vs SPY Performance
Fidelity Low Duration Bond ETF (FLDB) 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 FLDB returned +4.04% while SPY returned +19.50%. Year to date, FLDB is up 1.95% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 0.4% for FLDB. 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 -0.5% for FLDB 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDB charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, FLDB currently yields 4.76% against 1.01% for SPY.
Holdings Overlap
FLDB and SPY share 0 holdings out of 838 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, FLDB or SPY?
FLDB has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, FLDB or SPY?
Over the past year FLDB returned +4.04% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLDB annualized +4.65% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, FLDB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.4% for FLDB. Worst drawdown: FLDB -0.5% vs SPY -56.5%.
Should I hold both FLDB and SPY?
FLDB and SPY have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDB and SPY?
FLDB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 838 unique securities.
Which pays a higher dividend, FLDB or SPY?
FLDB yields 4.76% while SPY yields 1.01%, so FLDB 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.