FDRS vs. SPCT

Last updated Jul 17, 2026

FDRS (Founder-Led ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. FDRS is passively managed, while SPCT is actively managed. At a 0.08 correlation, their price movements are largely independent. FDRS charges 0.49%/yr vs 0.85%/yr for SPCT.

Performance

FDRS vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Founder-Led ETF (FDRS) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRS achieves a -4.25% return, which is significantly lower than SPCT's 9.92% return.

FDRS

• 1D: -2.05%
• 1M: -1.76%
• 6M: -2.91%
• YTD: -4.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDRS vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	-4.25%	-1.34%
SPCT Liberty One Spectrum ETF	9.92%	-0.47%

Correlation

The correlation between FDRS and SPCT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.08

Return for Risk

FDRS vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) and Liberty One Spectrum ETF (SPCT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

FDRS vs. SPCT - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.77%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for FDRS and SPCT.

Drawdown Indicators

	FDRS	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-7.17%	-14.60%
Current Drawdown Current decline from peak	-8.81%	0.00%	-8.81%
Average Drawdown Average peak-to-trough decline	-9.31%	-1.49%	-7.82%

Volatility

Volatility by Period

	FDRS	SPCT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.23%	9.27%	+19.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.23%	9.27%	+19.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.23%	9.27%	+19.96%

FDRS vs. SPCT - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

FDRS vs. SPCT - Dividend Comparison

FDRS has not paid dividends to shareholders, while SPCT's dividend yield for the trailing twelve months is around 0.73%.

Position	TTM	2025
FDRS Founder-Led ETF	0.00%	0.00%
SPCT Liberty One Spectrum ETF	0.73%	0.16%

Frequently Asked Questions

Can I hold both FDRS and SPCT in my portfolio?

FDRS and SPCT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDRS or SPCT?

On fees, FDRS is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRS or SPCT?

FDRS is cheaper with a 0.49% expense ratio, compared with 0.85% for SPCT.

Which ETF pays a higher dividend yield, FDRS or SPCT?

SPCT has the higher dividend yield at 0.73%, compared with 0.00% for FDRS.

What is the main difference between FDRS and SPCT?

They also come from different issuers: Corgi Strategies and Liberty One. Their fees differ too: 0.49% for FDRS and 0.85% for SPCT.