FSLD vs SPY
FSLD vs SPY
Fidelity Sustainable 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 | FSLD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 4.40% | 1.01% | |
| Holdings | 227 | 505 | |
| YTD Return | +2.46% | +13.50% | |
| 1Y Return | +2.96% | +23.56% | |
| 3Y Return (annualized) | +4.63% | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 0.8% | 15.3% | |
| Max Drawdown | -0.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 19, 2022 | Jan 22, 1993 |
FSLD vs SPY Performance
Fidelity Sustainable Low Duration Bond ETF (FSLD) 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 FSLD returned +2.96% while SPY returned +23.56%. Year to date, FSLD is up 2.46% versus a gain of 13.50% for SPY.
Over three years, FSLD compounded at +4.63% per year against +21.17% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +4.04%. 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 0.8% for FSLD. 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 -0.6% for FSLD 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSLD 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, FSLD currently yields 4.40% against 1.01% for SPY.
Holdings Overlap
FSLD and SPY share 0 holdings out of 734 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, FSLD or SPY?
FSLD 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, FSLD or SPY?
Over the past year FSLD returned +2.96% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), FSLD annualized +4.04% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FSLD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.8% for FSLD. Worst drawdown: FSLD -0.6% vs SPY -56.5%.
Should I hold both FSLD and SPY?
FSLD and SPY have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSLD and SPY?
FSLD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 734 unique securities.
Which pays a higher dividend, FSLD or SPY?
FSLD yields 4.40% while SPY yields 1.01%, so FSLD 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.