FDLS vs. SPMD
FDLS (Inspire Fidelis Multi Factor ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both Mid Cap Blend Equities funds - FDLS tracks the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross while SPMD tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 3 years, FDLS returned 19.65%/yr vs 16.15%/yr for SPMD. Their correlation of 0.91 suggests significant overlap in exposure. FDLS charges 0.76%/yr vs 0.05%/yr for SPMD.
Performance
FDLS vs. SPMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDLS achieves a 13.12% return, which is significantly lower than SPMD's 14.16% return.
FDLS
- 1D
- -1.15%
- 1M
- -0.93%
- YTD
- 13.12%
- 6M
- 13.26%
- 1Y
- 33.04%
- 3Y*
- 19.65%
- 5Y*
- —
- 10Y*
- —
SPMD
- 1D
- -0.08%
- 1M
- 3.86%
- YTD
- 14.16%
- 6M
- 14.41%
- 1Y
- 25.49%
- 3Y*
- 16.15%
- 5Y*
- 8.20%
- 10Y*
- 11.51%
FDLS vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDLS Inspire Fidelis Multi Factor ETF | 13.12% | 22.47% | 7.41% | 20.70% | -1.68% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 14.16% | 7.44% | 13.91% | 16.48% | -3.53% |
Correlation
The correlation between FDLS and SPMD is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022 | 0.91 |
The correlation between FDLS and SPMD has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDLS vs. SPMD — Risk / Return Rank
FDLS
SPMD
FDLS vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Fidelis Multi Factor ETF (FDLS) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| FDLS | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.89 | +0.59 |
| Martin ratioReturn relative to average drawdown | 13.96 | 10.61 | +3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FDLS | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.65 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.45 | +0.41 |
Drawdowns
FDLS vs. SPMD - Drawdown Comparison
The maximum FDLS drawdown since its inception was -23.32%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for FDLS and SPMD.
Loading charts...
Drawdown Indicators
| FDLS | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.32% | -57.62% | +34.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -8.86% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -24.08% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -2.66% | -0.08% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -8.12% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.41% | -0.04% |
Volatility
FDLS vs. SPMD - Volatility Comparison
Inspire Fidelis Multi Factor ETF (FDLS) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) have volatilities of 4.36% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FDLS | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.38% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 11.37% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.71% | 15.57% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 19.70% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 21.18% | -2.11% |
FDLS vs. SPMD - Expense Ratio Comparison
FDLS has a 0.76% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Dividends
FDLS vs. SPMD - Dividend Comparison
FDLS's dividend yield for the trailing twelve months is around 0.87%, less than SPMD's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLS Inspire Fidelis Multi Factor ETF | 0.87% | 0.86% | 7.26% | 0.97% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.23% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
FDLS and SPMD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMD has higher volatility (4.38%) compared to FDLS (4.36%). In terms of maximum drawdown, FDLS dropped -23.32% vs SPMD's -57.62%.
On 3-year performance, FDLS leads with 19.65% vs 16.15% for SPMD. On fees, SPMD is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FDLS has performed better with a 19.65% return vs 16.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.76% for FDLS.
SPMD has the higher dividend yield at 1.23%, compared with 0.87% for FDLS.
FDLS tracks WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross, while SPMD tracks S&P MidCap 400 Index. They also come from different issuers: Inspire and State Street. Their fees differ too: 0.76% for FDLS and 0.05% for SPMD.
FDLS currently has the higher Sharpe Ratio (1.99 vs 1.65), 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.
Find the right allocation for FDLS and SPMD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer