Which returned more over the last year, FQAL or SPYM?

In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and SPYM +17.3%.

Which is cheaper, FQAL or SPYM?

SPYM is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FQAL and SPYM overlap with the S&P 500?

By their latest filed holdings, 94% of FQAL and 100% of SPYM by weight is stocks the S&P 500 already holds.

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FQAL vs SPYM: Differences, Returns & Fees

FQAL and SPYM hold 52% of their weight in the same names, and SPYM returned +17.3% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF, and $178.5bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 ETF.

SPYM costs 0.13 points a year less; their one-year returns differ by 2.1 points; SPYM is far larger, $173.6bn against $1.4bn.

	FQAL	SPYM
Expense ratio	0.15%	0.02%
Net assets, as of Sep 30, 2026	$1.4bn	$173.6bn
Total return, 1 year	+15.2%	+17.3%
What it tracks	not read by ETFIQ	S&P 500 Index ?
Holdings in common	52%
Top ten holdings, share of the fund	38.1%	39.0%

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

+15.2%

FQAL total return, 1 year

+17.3%

SPYM total return, 1 year

0.15%

FQAL expense ratio

0.02%

SPYM expense ratio

What they hold in common

By the books each fund has filed, FQAL and SPYM 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 Jul 31, 2026 and Oct 8, 2026.

50%

half

52% in common

Positions both hold, largest shared weight first

Holding FQAL SPYM

NVIDIA CORP 7.69% 8.33%

APPLE INC 7.22% 7.42%

MICROSOFT CORP 5.62% 5.79%

ALPHABET INC 5.58% 3.05%

BROADCOM INC 3.36% 2.56%

META PLATFORMS INC 1.90% 2.37%

ELI LILLY and CO 1.77% 1.40%

JPMORGAN CHASE and CO 1.97% 1.31%

EXXONMOBIL HOLDINGS CORP 1.12% 1.03%

VISA INC 1.48% 0.95%

JOHNSON and JOHNSON 1.37% 0.92%

ABBVIE INC 1.14% 0.72%

Only in FQAL

CULLEN/FROST BANKERS INC 0.64%

EAST WEST BANCORP INC 0.62%

COMMERCE BANCSHARES INC/MO 0.59%

AXOS FINANCIAL INC 0.55%

KINSALE CAPITAL GROUP INC 0.47%

MAPLEBEAR INC 0.36%

CHENIERE ENERGY INC 0.28%

ANTERO MIDSTREAM CORP 0.20%

Only in SPYM

AMAZON.COM INC 3.72%

ALPHABET INC CL C 2.45%

MICRON TECHNOLOGY INC 1.75%

TESLA INC 1.58%

ADVANCED MICRO DEVICES 1.51%

BERKSHIRE HATHAWAY INC CL B 1.42%

INTEL CORP 0.79%

WALMART INC 0.74%

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On the same fields

FQAL

Fidelity Quality Factor ETF

SPYM

State Street SPDR Portfolio S&P 500 ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity State Street

What it is Tracks an index Tracks the S&P 500

Total return, 1 year +15.2% +17.3%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −2.1 pts +0.1 pts

Expense ratio 0.15% 0.02%

Already in the S&P 500 94.0% 99.8%

Holdings 124 506

Net assets, FQAL as of Sep 30, 2026 and SPYM as of Oct 8, 2026 $1.4bn $178.5bn

Former ticker none SPLG

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

FQAL in plain words

FQAL tracks an index. Over the year to Oct 9, 2026 it returned +15.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 38.1%.

SPYM in plain words

SPYM tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.02% 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 506 positions, with the top ten at 39.0%.

Questions people ask

Which returned more over the last year, FQAL or SPYM?: In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and SPYM +17.3%.
Which is cheaper, FQAL or SPYM?: SPYM is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FQAL and SPYM overlap with the S&P 500?: By their latest filed holdings, 94% of FQAL and 100% of SPYM by weight is stocks the S&P 500 already holds.

Other comparisons

FQAL vs VIG FQAL vs ITOT FQAL vs SCHX FQAL vs IWB SPYM vs USXF PDP vs SPYM SEIM vs SPYM SPYM vs TDVG

FQAL on its own →SPYM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FQAL filings on SEC EDGAR ↗FQAL prospectus with the expense ratio (SEC) ↗Fidelity website ↗SPYM filings on SEC EDGAR ↗SPYM prospectus with the expense ratio (SEC) ↗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.

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ETFIQ, FQAL against SPYM, data as of Oct 9, 2026. https://etfiq.com/compare/any/fqal-vs-spym

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