FPWR vs SPY
First Trust EIP Power Solutions ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FPWR or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. FPWR is less concentrated, with 35.0% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FPWR | SPY |
|---|---|---|
| Expense Ratio | 0.96% | 0.09%Best |
| AUM | $32M | $823.2B |
| Dividend Yield | 2.27% | 0.99% |
| Holdings | 58 | 1,515 |
| YTD Return | +9.16% | +13.53%Best |
| 1Y Return | +8.62% | +17.47%Best |
| 3Y Return (annualized) | +18.81% | +22.36%Best |
| 5Y Return (annualized) | +10.94% | +13.21%Best |
| Volatility (annualized) | 14.7%Best | 16.4% |
| Max Drawdown | -32.3%Best | -34.1% |
| $10,000 over 5 years | $16,805 | $18,596Best |
| Top 10 Weight | 35.0%Best | 38.2% |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Aug 20, 2019 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Aug 20, 2019 to Oct 14, 2026 (7.2 years).
FPWR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.2 years both funds cover.
FPWR vs SPY Performance
First Trust EIP Power Solutions ETF (FPWR) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FPWR returned +8.62% while SPY returned +17.47%. Year to date, FPWR is up 9.16% versus a gain of 13.53% for SPY.
Over three years, FPWR compounded at +18.81% per year against +22.36% for SPY; over five years the annualized figures are +10.94% and +13.21% respectively. Across the full 7-year window we track, SPY has the edge at +15.85% annualized vs +10.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 14.7% for FPWR. 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 -32.3% for FPWR and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FPWR charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, FPWR currently yields 2.27% against 0.99% for SPY.
Holdings Overlap
57.8% of FPWR's money is in holdings SPY also owns. 2.6% of SPY's money is in holdings FPWR also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 58 positions we hold weights for in FPWR and 504 in SPY, against full books of 58 and 1,515.
What only one of them owns
Our book lists 462 positions for SPY that do not appear in our book for FPWR (96.5% of the fund), and 18 for FPWR that do not appear in SPY (34.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FPWR | Weight in SPY | Difference |
|---|---|---|---|
| DUKDuke Energy Corp | 3.50% | 0.14% | 3.36% |
| PPLPpl Corp (Utilities) | 3.29% | 0.04% | 3.25% |
| KMIKinder Morgan Inc./de | 3.15% | 0.09% | 3.06% |
| WECWec Energy Group Inc. | 3.01% | 0.05% | 2.96% |
| SOSouthern Co. | 2.75% | 0.15% | 2.60% |
| XELXcel Energy Inc. | 2.79% | 0.07% | 2.72% |
| CMSCms Energy Corp. | 2.79% | 0.03% | 2.76% |
| ETREntergy Corp. | 2.55% | 0.07% | 2.48% |
| DTEDte Energy Co. | 2.54% | 0.04% | 2.50% |
| EVRGEvergy Inc. | 2.55% | 0.03% | 2.52% |
57.8% of FPWR is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPWR or SPY?
FPWR has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, FPWR or SPY?
Over the past year FPWR returned +8.62% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), FPWR annualized +10.34% vs +15.85% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPWR or SPY?
SPY has been the more volatile fund at 16.4% annualized versus 14.7% for FPWR. Worst drawdown: FPWR -32.3% vs SPY -34.1%.
Should I hold both FPWR and SPY?
FPWR and SPY have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FPWR and SPY?
57.8% of FPWR's money is in holdings SPY also owns. 2.6% of SPY's is in holdings FPWR also owns. They hold 34 positions in common, counted across the 58 positions we hold weights for in FPWR and 504 in SPY.
Which pays a higher dividend, FPWR or SPY?
FPWR yields 2.27% while SPY yields 0.99%, so FPWR currently pays the higher dividend yield.
Is SPY better than FPWR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. FPWR is less concentrated, with 35.0% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.