Correlation
The correlation between FASPX and FXAIX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FASPX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Value Strategies Fund Class M (FASPX) and Fidelity 500 Index Fund (FXAIX).
FASPX is managed by Fidelity. It was launched on Aug 20, 1986. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FASPX or FXAIX.
Performance
FASPX vs. FXAIX - Performance Comparison
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Key characteristics
FASPX:
-0.23
FXAIX:
0.75
FASPX:
-0.20
FXAIX:
1.07
FASPX:
0.97
FXAIX:
1.15
FASPX:
-0.20
FXAIX:
0.72
FASPX:
-0.57
FXAIX:
2.73
FASPX:
9.64%
FXAIX:
4.85%
FASPX:
22.38%
FXAIX:
19.78%
FASPX:
-69.15%
FXAIX:
-33.79%
FASPX:
-15.42%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, FASPX achieves a -7.84% return, which is significantly lower than FXAIX's 1.34% return. Over the past 10 years, FASPX has underperformed FXAIX with an annualized return of 7.62%, while FXAIX has yielded a comparatively higher 12.68% annualized return.
FASPX
-7.84%
4.38%
-15.02%
-6.14%
3.99%
15.06%
7.62%
FXAIX
1.34%
5.62%
-1.07%
13.84%
14.51%
16.00%
12.68%
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FASPX vs. FXAIX - Expense Ratio Comparison
FASPX has a 1.37% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FASPX vs. FXAIX — Risk-Adjusted Performance Rank
FASPX
FXAIX
FASPX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Strategies Fund Class M (FASPX) and Fidelity 500 Index Fund (FXAIX). 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.
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Dividends
FASPX vs. FXAIX - Dividend Comparison
FASPX's dividend yield for the trailing twelve months is around 12.64%, more than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASPX Fidelity Advisor Value Strategies Fund Class M | 12.64% | 11.64% | 2.40% | 1.93% | 7.80% | 0.55% | 4.98% | 15.67% | 8.34% | 22.92% | 0.80% | 0.56% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
FASPX vs. FXAIX - Drawdown Comparison
The maximum FASPX drawdown since its inception was -69.15%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FASPX and FXAIX.
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Volatility
FASPX vs. FXAIX - Volatility Comparison
Fidelity Advisor Value Strategies Fund Class M (FASPX) has a higher volatility of 6.68% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. This indicates that FASPX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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