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FLQL vs SPY: Differences, Returns & Fees

FLQL and SPY hold 52% of their weight in the same names, and FLQL returned +18.4% over the year. Net assets: $2.2bn on Oct 9, 2026 for Franklin U.S. Large Cap Multifactor Index ETF, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.

SPY costs 0.06 points a year less; their one-year returns differ by 1.1 points; SPY is far larger, $817.2bn against $2.2bn.

FLQL vs SPY: Differences, Returns & Fees
FLQLSPY
Expense ratio0.15%0.09%
Net assets, as of Oct 8, 2026$2.2bn$817.2bn
Total return, 1 year+18.4%+17.3%
What it tracksnot read by ETFIQS&P 500 Index
Holdings in common52%
Top ten holdings, share of the fund36.0%39.1%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 8, 2026.

+18.4%
FLQL total return, 1 year
+17.3%
SPY total return, 1 year
0.15%
FLQL expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, FLQL and SPY hold 52% 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 Jun 30, 2026 and Oct 8, 2026.

half

52% in common

Positions both hold, largest shared weight first
Holding FLQL SPY
APPLE INC 6.88% 7.42%
NVIDIA CORP 6.72% 8.34%
MICROSOFT CORP 3.82% 5.80%
AMAZON.COM INC 3.07% 3.73%
ALPHABET INC 3.77% 3.06%
BROADCOM INC 2.47% 2.56%
ALPHABET INC 3.02% 2.45%
META PLATFORMS INC 1.81% 2.38%
ELI LILLY & COMPANY 1.38% 1.40%
TESLA INC 1.35% 1.58%
JP MORGAN CHASE & COMPANY 1.11% 1.32%
BERKSHIRE HATHAWAY INC 0.97% 1.42%
Only in FLQL
EXXONMOBIL HOLDINGS CORP 1.72%
ANGLOGOLD ASHANTI PLC 0.29%
ELECTRONIC ARTS INC 0.28%
MKS INC 0.19%
CURTISS-WRIGHT CORP 0.15%
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC 0.15%
ROCKET LAB CORP 0.15%
ROYALTY PHARMA PLC 0.14%
Only in SPY
EXXONMOBIL HOLDINGS CORP 1.04%
VISA INC CLASS A SHARES 0.96%
INTEL CORP 0.80%
WALMART INC 0.74%
MASTERCARD INC A 0.69%
PALANTIR TECHNOLOGIES INC A 0.68%
COSTCO WHOLESALE CORP 0.63%
CHEVRON CORP 0.62%

Check overlap with more funds →

On the same fields

FLQL
Franklin U.S. Large Cap Multifactor Index ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer Franklin State Street
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +18.4% +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 0.15% 0.09%
Already in the S&P 500 89.5% 99.8%
Holdings 215 504
Net assets, FLQL as of Oct 9, 2026 and SPY as of Oct 8, 2026 $2.2bn $817.2bn

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

About FLQL

FLQL tracks an index. Over the year to Oct 9, 2026 it returned +18.4% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 215 positions, with the top ten at 36.0%.

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, FLQL or SPY?
In the year to Oct 9, 2026, with distributions reinvested, FLQL returned +18.4% and SPY +17.3%.
Which is cheaper, FLQL or SPY?
SPY is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FLQL and SPY overlap with the S&P 500?
By their latest filed holdings, 90% of FLQL and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
FLQL vs IVVFLQL vs VTIFLQL vs VOOFLQL vs SPYMQDF vs SPYSFLR vs SPYIWL vs SPYJPEF vs SPY
FLQL on its own →SPY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FLQL filings on SEC EDGAR ↗FLQL prospectus with the expense ratio (SEC) ↗Franklin 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, FLQL against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/flql-vs-spy

Open data

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