FTC vs SPY
FTC vs SPY
First Trust Large Cap Growth AlphaDEX Fund 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 | FTC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.09% | |
| AUM | $1.3B | $789.1B | |
| Dividend Yield | 0.18% | 1.01% | |
| Holdings | 188 | 505 | |
| YTD Return | +13.42% | +13.28% | |
| 1Y Return | +18.55% | +23.94% | |
| 3Y Return (annualized) | +22.07% | +21.07% | |
| 5Y Return (annualized) | +10.20% | +13.27% | |
| Volatility (annualized) | 17.4% | 15.3% | |
| Max Drawdown | -54.5% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 8, 2007 | Jan 22, 1993 |
FTC vs SPY Performance
First Trust Large Cap Growth AlphaDEX Fund (FTC) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FTC returned +18.55% while SPY returned +23.94%. Year to date, FTC is up 13.42% versus a gain of 13.28% for SPY.
Over three years, FTC compounded at +22.07% per year against +21.07% for SPY; over five years the annualized figures are +10.20% and +13.27% respectively. Across the full 19-year window we track, FTC has the edge at +10.02% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FTC has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.3% for SPY. 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 -54.5% for FTC 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FTC charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, FTC currently yields 0.18% against 1.01% for SPY.
Holdings Overlap
FTC and SPY share 139 holdings out of 551 unique holdings combined, representing a 28.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FTC | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 0.56% | 7.31% | 6.75% |
| AAPL | 0.60% | 7.09% | 6.49% |
| AMZN | 0.56% | 3.69% | 3.13% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings FTC shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FTC or SPY?
FTC has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, FTC or SPY?
Over the past year FTC returned +18.55% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), FTC annualized +10.02% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, FTC or SPY?
FTC has been the more volatile fund at 17.4% annualized versus 15.3% for SPY. Worst drawdown: FTC -54.5% vs SPY -56.5%.
Should I hold both FTC and SPY?
FTC and SPY have a monthly-return correlation of 0.93, 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 FTC and SPY?
FTC and SPY share 139 common holdings with a 28.2% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, FTC or SPY?
FTC yields 0.18% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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