FUSI vs SPY
FUSI vs SPY
American Century Multisector Floating Income 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 | FUSI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.09% | |
| AUM | $23M | $789.1B | |
| Dividend Yield | 5.25% | 1.01% | |
| Holdings | 61 | 505 | |
| YTD Return | +3.23% | +11.49% | |
| 1Y Return | +5.26% | +21.37% | |
| 3Y Return (annualized) | +5.75% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 0.7% | 15.3% | |
| Max Drawdown | -0.7% | -56.5% | |
| Fund Family | American Century Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 14, 2023 | Jan 22, 1993 |
FUSI vs SPY Performance
American Century Multisector Floating Income ETF (FUSI) is a ETF from American Century Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FUSI returned +5.26% while SPY returned +21.37%. Year to date, FUSI is up 3.23% versus a gain of 11.49% for SPY.
Over three years, FUSI compounded at +5.75% per year against +20.76% for SPY. Across the full 3-year window we track, SPY has the edge at +8.78% annualized vs +5.99%. 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 0.7% for FUSI. 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 -0.7% for FUSI 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FUSI charges 0.27% per year while SPY charges 0.09%. On a $10,000 position that is $27 vs $9 annually, a gap of $18 per year that compounds over a long holding period. On income, FUSI currently yields 5.25% against 1.01% for SPY.
Holdings Overlap
FUSI and SPY share 0 holdings out of 524 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, FUSI or SPY?
FUSI has an expense ratio of 0.27% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, FUSI or SPY?
Over the past year FUSI returned +5.26% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), FUSI annualized +5.99% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, FUSI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.7% for FUSI. Worst drawdown: FUSI -0.7% vs SPY -56.5%.
Should I hold both FUSI and SPY?
FUSI and SPY have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FUSI and SPY?
FUSI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, FUSI or SPY?
FUSI yields 5.25% while SPY yields 1.01%, so FUSI currently pays the higher dividend yield.
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