FDLOvsSPYETF Comparison
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Fidelity Low Volatility Factor ETF (FDLO) belongs to the US Low Volatility segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. FDLO is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.0945% for SPY. FDLO is up 12.35% year-to-date (YTD) with -$116M in YTD flows. SPY performs better with 13.78% YTD performance, and +$11.59B in YTD flows. Run a side-by-side ETF comparison of FDLO and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FDLO vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDLO SPY | +4.49%+0.56% | +5.48%+4.43% | +12.35%+13.78% | +13.15%+13.53% | +63.02%+94.36% | +59.70%+81.37% |
| Flows | FDLO SPY | +$58M-$644M | +$24M-$1.05B | -$116M+$11.59B | -$66M+$35.41B | +$432M+$73.56B | +$532M+$82.03B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDLO SPY | +8.65%+11.10% | +9.34%+12.69% | +11.20%+14.91% | +13.32%+16.98% |
| Max drawdown | FDLO SPY | -3.82%-3.03% | -7.10%-8.89% | -13.57%-18.74% | -19.20%-24.50% |
| Max drawdown duration | FDLO SPY | 65d53d | 73d76d | 131d126d | 688d708d |
Trading data
FDLO | SPY | |
Last sale 10/28/2026 at 1:30 PM | $74.36 | $772.31 |
| Previous close 10/27/2026 | $74.23 | $769.66 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FDLO | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
FDLO | SPY | |
|---|---|---|
| Last price | $74.36 | $772.31 |
| 1D performance | +0.18% | +0.34% |
| AuM | $1.51 B | $814.82 B |
| E/R | 0.15% | 0.0945% |
Characteristics
FDLO | SPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | State Street Investment Management |
| Benchmark | Fidelity U.S. Low Volatility Factor Index | S&P 500 Index |
| N° of holdings | 131 | 497 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2016 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
FDLO
USA
95.4%
Other
4.6%
SPY
USA
96.4%
Other
3.6%
Sectors
FDLO
Technology
42.95%
Finance
13.94%
Healthcare
9.77%
Consumer Non-Cycl.
8.77%
Industrials
8.33%
Other
16.24%
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
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Diversification
FDLO
Total weight of top 15 holdings out of 15
44%
SPY
Total weight of top 15 holdings out of 15
44.11%
Top 15 holdings
Data as of August 31, 2026
FDLO
Apple, Inc.
7.90%
Microsoft Corp.
6.67%
Alphabet, Inc.
5.31%
Amazon.com, Inc.
3.82%
Broadcom Inc.
3.58%
Meta Platforms, Inc.
1.98%
Cisco Systems, Inc.
1.79%
JPMorgan Chase & Co.
1.75%
Berkshire Hathaway, Inc.
1.70%
Eli Lilly & Co.
1.64%
International Business Machines Corp.
1.62%
Accenture Plc
1.61%
Intuit, Inc.
1.60%
Texas Instruments Incorporated
1.54%
Analog Devices, Inc.
1.49%
SPY
NVIDIA Corp.
8.07%
Apple, Inc.
7.03%
Microsoft Corp.
5.69%
Amazon.com, Inc.
3.84%
Alphabet, Inc.
3.00%
Broadcom Inc.
2.65%
Alphabet, Inc.
2.39%
Meta Platforms, Inc.
1.90%
Micron Technology, Inc.
1.63%
Tesla, Inc.
1.56%
JPMorgan Chase & Co.
1.44%
Berkshire Hathaway, Inc.
1.40%
Eli Lilly & Co.
1.38%
Advanced Micro Devices, Inc.
1.16%
Johnson & Johnson
0.97%
Frequently asked questions about FDLO and SPY
How have the FDLO and SPY ETFs performed in 2026?
As of October 27, 2026, FDLO is up 12.35% year-to-date (YTD), while SPY has returned 13.78%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: FDLO or SPY?
Year-to-date, the FDLO ETF saw -$116M in flows, compared to +$11.59B for SPY.
Which ETF is more volatile: FDLO or SPY?
Over the past year, FDLO had a volatility of 9.34%, while SPY experienced 12.69%.
Which ETF is bigger: FDLO or SPY?
As of October 27, 2026, FDLO holds $1.51 B in assets under management (AUM), while SPY manages $814.82 B.
What sectors do the FDLO and SPY ETFs invest in?
FDLO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SPY focuses on Technology, Finance and Healthcare.
What are the top holdings of the FDLO ETF and SPY ETF?
FDLO top holdings include Apple, Inc., Microsoft Corp. and Alphabet, Inc.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: FDLO or SPY?
FDLO holds 131 securities with 44% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 44.11%.
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Latest news about FDLO & SPY
The Weekly ETF Market Monitor (October 19-23, 2026)
October 26, 2026
SPY
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
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The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
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The Weekly ETF Market Monitor (September 21-25, 2026)
September 26, 2026
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The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SPY
There’s an ETF for That? Box Spreads
August 27, 2026
SPY
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