FSBD vs SPY
FSBD vs SPY
Fidelity Sustainable Core Plus 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 | FSBD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.09% | |
| AUM | $13M | $789.1B | |
| Dividend Yield | 4.25% | 1.01% | |
| Holdings | 526 | 505 | |
| YTD Return | +4.99% | +11.49% | |
| 1Y Return | +5.11% | +21.37% | |
| 3Y Return (annualized) | +5.29% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 7.0% | 15.3% | |
| Max Drawdown | -9.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 19, 2022 | Jan 22, 1993 |
FSBD vs SPY Performance
Fidelity Sustainable Core Plus Bond ETF (FSBD) 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 FSBD returned +5.11% while SPY returned +21.37%. Year to date, FSBD is up 4.99% versus a gain of 11.49% for SPY.
Over three years, FSBD compounded at +5.29% per year against +20.76% for SPY. Across the full 4-year window we track, SPY has the edge at +8.78% annualized vs +2.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.0% for FSBD. 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 -9.6% for FSBD 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FSBD charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, FSBD currently yields 4.25% against 1.01% for SPY.
Holdings Overlap
FSBD and SPY share 0 holdings out of 1003 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, FSBD or SPY?
FSBD has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, FSBD or SPY?
Over the past year FSBD returned +5.11% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), FSBD annualized +2.56% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, FSBD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.0% for FSBD. Worst drawdown: FSBD -9.6% vs SPY -56.5%.
Should I hold both FSBD and SPY?
FSBD and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSBD and SPY?
FSBD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1003 unique securities.
Which pays a higher dividend, FSBD or SPY?
FSBD yields 4.25% while SPY yields 1.01%, so FSBD currently pays the higher dividend yield.
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