FAPDX vs. XLK
Compare and contrast key facts about Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX) and Technology Select Sector SPDR Fund (XLK).
FAPDX is managed by Fidelity. It was launched on Apr 13, 2022. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAPDX or XLK.
Key characteristics
| FAPDX | XLK | |
|---|---|---|
| YTD Return | 1.85% | 6.30% |
| 1Y Return | 5.36% | 36.23% |
| Sharpe Ratio | 5.27 | 2.02 |
| Daily Std Dev | 1.00% | 17.92% |
| Max Drawdown | -0.40% | -82.05% |
| Current Drawdown | 0.00% | -3.04% |
Correlation
The correlation between FAPDX and XLK is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FAPDX vs. XLK - Performance Comparison
In the year-to-date period, FAPDX achieves a 1.85% return, which is significantly lower than XLK's 6.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAPDX vs. XLK - Expense Ratio Comparison
FAPDX has a 0.35% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FAPDX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
FAPDX vs. XLK - Dividend Comparison
FAPDX's dividend yield for the trailing twelve months is around 3.72%, more than XLK's 0.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAPDX Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund | 3.72% | 3.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.73% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FAPDX vs. XLK - Drawdown Comparison
The maximum FAPDX drawdown since its inception was -0.40%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FAPDX and XLK. For additional features, visit the drawdowns tool.
Volatility
FAPDX vs. XLK - Volatility Comparison
The current volatility for Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX) is 0.26%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.60%. This indicates that FAPDX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.