ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPY.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SPY (SPDR S&P 500 ETF Trust) is an ETF — they take fundamentally different approaches.
FXAIX offers the higher yield at 1.06% vs 1.01% for SPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPY is cheaper with an expense ratio of 0.10% compared to 0.49%.
FXAIX is the larger fund by assets ($828B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, FXAIX would generate roughly $8.83/month, while SPY would produce $8.42/month, at current distribution rates. Both pay quarterly distributions.
FXAIX yield1.06%
SPY yield1.01%
Monthly diff on $10K$0.42
Cost & efficiency
Over 10 years on $10,000, FXAIX would cost approximately $490 in fees vs $100 for SPY (simplified, not compounded). The $390.00 difference may be offset by yield or performance.
FXAIX ER0.49%
SPY ER0.10%
Strategy & risk
FXAIX is a mutual fund, while SPY tracks S&P 500 Index with a large cap approach.
FXAIX beta1.0
SPY beta1.0
Fund details
FXAIX is managed by Fidelity Investments (launched 02/17/1988) with $828B in assets. SPY is managed by State Street (launched 01/22/1993) with $783B in assets.
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Frequently asked questions
Is FXAIX or SPY better for dividend income?
It depends on your goals. FXAIX currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between FXAIX and SPY?
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach. They are issued by Fidelity Investments and State Street respectively.
Can I hold both FXAIX and SPY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, FXAIX or SPY?
FXAIX has an expense ratio of 0.49% while SPY charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FXAIX vs SPY generate?
At current rates, $10,000 in FXAIX would generate roughly $8.83 per month ($106.00 annually). The same in SPY would produce about $8.42 per month ($101.00 annually).
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