FDAT vs. SPY

Last updated Jun 7, 2026

FDAT (Tactical Advantage ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - FDAT is a Diversified Portfolio fund actively managed by Tactical Funds, while SPY is a S&P 500 fund tracking the S&P 500 Index. FDAT is actively managed, while SPY is passively managed. Over the past 3 years, FDAT returned 8.69%/yr vs 21.43%/yr for SPY. A 0.79 correlation means they provide meaningful diversification when combined. FDAT charges 0.74%/yr vs 0.09%/yr for SPY.

Performance

FDAT vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tactical Advantage ETF (FDAT) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDAT achieves a 2.55% return, which is significantly lower than SPY's 8.45% return.

FDAT

• 1D: -2.14%
• 1M: -0.57%
• YTD: 2.55%
• 6M: 2.78%
• 1Y: 10.52%
• 3Y*: 8.69%
• 5Y*: —
• 10Y*: —

SPY

• 1D: -2.58%
• 1M: -0.01%
• YTD: 8.45%
• 6M: 8.18%
• 1Y: 24.51%
• 3Y*: 21.43%
• 5Y*: 13.32%
• 10Y*: 15.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDAT vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDAT Tactical Advantage ETF	2.55%	7.50%	9.90%	6.14%
SPY State Street SPDR S&P 500 ETF	8.45%	17.72%	24.89%	16.71%

Correlation

The correlation between FDAT and SPY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.79

The correlation between FDAT and SPY has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

FDAT vs. SPY - Sectors Allocation Comparison

Sectors	FDAT	SPY
Financial Services	22.5%	11.8%
Industrials	21.8%	7.8%
Technology	14.9%	35.9%
Basic Materials	9.2%	1.8%
Consumer Cyclical	8.4%	10.3%
Energy	7.8%	3.6%
Real Estate	5.4%	1.9%
Healthcare	3.2%	8.4%
Utilities	2.8%	2.4%
Consumer Defensive	2.2%	4.8%
Communication Services	1.7%	11.3%

Return for Risk

FDAT vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDAT

FDAT Risk / Return Rank: 35
FDAT Sharpe Ratio Rank: 32
FDAT Sortino Ratio Rank: 31
FDAT Omega Ratio Rank: 32
FDAT Calmar Ratio Rank: 41
FDAT Martin Ratio Rank: 37

SPY

SPY Risk / Return Rank: 66
SPY Sharpe Ratio Rank: 66
SPY Sortino Ratio Rank: 63
SPY Omega Ratio Rank: 66
SPY Calmar Ratio Rank: 60
SPY Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDAT vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tactical Advantage ETF (FDAT) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FDAT	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.14	-1.04
Sortino ratio: Return per unit of downside risk	1.57	2.88	-1.31
Omega ratio: Gain probability vs. loss probability	1.20	1.39	-0.19
Calmar ratio: Return relative to maximum drawdown	1.91	2.92	-1.00
Martin ratio: Return relative to average drawdown	5.39	13.50	-8.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDAT vs. SPY - Sharpe Ratio Comparison

The current FDAT Sharpe Ratio is 1.10, which is lower than the SPY Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FDAT and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDAT	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	2.14	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.58	+0.30

Drawdowns

FDAT vs. SPY - Drawdown Comparison

The maximum FDAT drawdown since its inception was -8.20%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDAT and SPY.

Drawdown Indicators

	FDAT	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.20%	-55.19%	+46.99%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-8.88%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-8.20%	-18.76%	+10.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-2.88%	-2.90%	+0.02%
Average Drawdown Average peak-to-trough decline	-2.25%	-9.05%	+6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.91%	+0.17%

Volatility

FDAT vs. SPY - Volatility Comparison

Tactical Advantage ETF (FDAT) has a higher volatility of 4.07% compared to State Street SPDR S&P 500 ETF (SPY) at 3.73%. This indicates that FDAT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDAT	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	3.73%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	9.31%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	10.24%	12.12%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.58%	17.09%	-7.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.58%	17.95%	-8.37%

FDAT vs. SPY - Expense Ratio Comparison

FDAT has a 0.74% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

FDAT vs. SPY - Dividend Comparison

FDAT's dividend yield for the trailing twelve months is around 5.67%, more than SPY's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDAT Tactical Advantage ETF	5.67%	4.77%	8.99%	1.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.00%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both FDAT and SPY in my portfolio?

FDAT and SPY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDAT or SPY?

FDAT has higher volatility (4.07%) compared to SPY (3.73%). In terms of maximum drawdown, FDAT dropped -8.20% vs SPY's -55.19%.

Which ETF is better, FDAT or SPY?

On 3-year performance, SPY leads with 21.43% vs 8.69% for FDAT. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDAT or SPY?

Over the 3-year period, SPY has performed better with a 21.43% return vs 8.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDAT or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.74% for FDAT.

Which ETF pays a higher dividend yield, FDAT or SPY?

FDAT has the higher dividend yield at 5.67%, compared with 1.00% for SPY.

What is the main difference between FDAT and SPY?

FDAT is categorized as Diversified Portfolio, while SPY is S&P 500. They also come from different issuers: Tactical Funds and State Street. Their fees differ too: 0.74% for FDAT and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.14 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.