FRGN vs SPY
FRGN vs SPY
Horizon International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FRGN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $99M | $789.1B | |
| Dividend Yield | 0.21% | 1.01% | |
| Holdings | 284 | 505 | |
| YTD Return | +19.58% | +13.50% | |
| 1Y Return | - | +23.56% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -12.4% | -56.5% | |
| Fund Family | Horizon Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 2, 2025 | Jan 22, 1993 |
FRGN vs SPY Performance
Horizon International Equity ETF (FRGN) is a ETF from Horizon Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FRGN is up 19.58% versus a gain of 13.50% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -12.4% for FRGN and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FRGN charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, FRGN currently yields 0.21% against 1.01% for SPY.
Holdings Overlap
FRGN and SPY share 1 holdings out of 785 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FRGN | Weight in SPY | Difference |
|---|---|---|---|
| NDAQ | 0.72% | 0.06% | 0.66% |
Frequently Asked Questions
Which is cheaper, FRGN or SPY?
FRGN has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between FRGN and SPY?
FRGN and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 785 unique securities.
Which pays a higher dividend, FRGN or SPY?
FRGN yields 0.21% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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