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FFLC vs SPY: Differences, Returns & Fees

FFLC and SPY hold 43% of their weight in the same names, and SPY returned +17.3% over the year. Net assets: $1.2bn on Sep 30, 2026 for Fidelity Fundamental Large Cap Core ETF, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.

SPY costs 0.29 points a year less; their one-year returns differ by 2.0 points; SPY is far larger, $809.2bn against $1.2bn.

FFLC vs SPY: Differences, Returns & Fees
FFLCSPY
Expense ratio0.38%0.09%
Net assets, as of Sep 30, 2026$1.2bn$809.2bn
Total return, 1 year+15.3%+17.3%
What it tracksNo index, actively managedS&P 500 Index
Holdings in common43%
Top ten holdings, share of the fund39.5%39.1%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+15.3%
FFLC total return, 1 year
+17.3%
SPY total return, 1 year
0.38%
FFLC expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, FFLC and SPY hold 43% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 8, 2026.

half

43% in common

Positions both hold, largest shared weight first
Holding FFLC SPY
NVIDIA CORP 8.35% 8.34%
APPLE INC 4.18% 7.42%
AMAZON.COM INC 5.55% 3.73%
ALPHABET INC 7.10% 3.06%
MICROSOFT CORP 2.60% 5.80%
BROADCOM INC 2.48% 2.56%
META PLATFORMS INC 2.94% 2.38%
ELI LILLY and CO 1.67% 1.40%
EXXONMOBIL HOLDINGS CORP 1.96% 1.04%
VISA INC 1.90% 0.96%
ADVANCED MICRO DEVICES INC 0.75% 1.51%
MERCK and CO INC 0.61% 0.53%
Only in FFLC
TAIWAN SEMICONDUCTOR MFG CO LTD 2.40%
SHELL PLC 1.21%
IMPERIAL OIL LTD 0.88%
BRITISH AMERICAN TOBACCO PLC 0.85%
ALLISON TRANSMISSION HLDGS INC 0.67%
BLUE OWL CAPITAL INC 0.66%
SK HYNIX INC 0.60%
SOMNIGROUP INTERNATIONAL INC 0.57%
Only in SPY
ALPHABET INC CL C 2.45%
TESLA INC 1.58%
BERKSHIRE HATHAWAY INC CL B 1.42%
JPMORGAN CHASE + CO 1.32%
WALMART INC 0.74%
ABBVIE INC 0.72%
MASTERCARD INC A 0.69%
PALANTIR TECHNOLOGIES INC A 0.68%

Check overlap with more funds →

On the same fields

FFLC
Fidelity Fundamental Large Cap Core ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer Fidelity State Street
What it is Actively managed Tracks the S&P 500
Total return, 1 year +15.3% +17.3%
Its benchmark over the same days not published +17.3% (VOO)
Gap to its benchmark not available −0.1 pts vs VOO
Expense ratio 0.38% 0.09%
Already in the S&P 500 82.9% 99.8%
Holdings 115 504
Net assets, FFLC as of Sep 30, 2026 and SPY as of Oct 8, 2026 $1.2bn $817.2bn

FFLC and SPY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FFLC

FFLC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.38% a year. By its holdings filed for Jul 31, 2026, 83% of the fund by weight is stocks the S&P 500 also holds, across 115 positions, with the top ten at 39.5%.

About SPY

SPY tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, FFLC or SPY?
In the year to Oct 9, 2026, with distributions reinvested, FFLC returned +15.3% and SPY +17.3%.
Which is cheaper, FFLC or SPY?
SPY is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FFLC and SPY overlap with the S&P 500?
By their latest filed holdings, 83% of FFLC and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
FFLC vs IVVFFLC vs VTIFFLC vs VOOFFLC vs SPYMLCTU vs SPYSPY vs SUSLSPY vs STXFFTGS vs SPY
FFLC on its own →SPY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FFLC filings on SEC EDGAR ↗FFLC prospectus with the expense ratio (SEC) ↗Fidelity website ↗SPY filings on SEC EDGAR ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FFLC against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/fflc-vs-spy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.