FATIX vs. SPY
Compare and contrast key facts about Fidelity Advisor Technology Fund Class I (FATIX) and SPDR S&P 500 ETF (SPY).
FATIX is managed by Fidelity. It was launched on Sep 3, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FATIX or SPY.
Correlation
The correlation between FATIX and SPY is 0.81, 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.
Performance
FATIX vs. SPY - Performance Comparison
Key characteristics
FATIX:
-0.24
SPY:
0.30
FATIX:
-0.13
SPY:
0.56
FATIX:
0.98
SPY:
1.08
FATIX:
-0.24
SPY:
0.31
FATIX:
-0.76
SPY:
1.40
FATIX:
10.54%
SPY:
4.18%
FATIX:
32.85%
SPY:
19.64%
FATIX:
-82.31%
SPY:
-55.19%
FATIX:
-28.82%
SPY:
-13.86%
Returns By Period
In the year-to-date period, FATIX achieves a -20.39% return, which is significantly lower than SPY's -9.91% return. Both investments have delivered pretty close results over the past 10 years, with FATIX having a 11.09% annualized return and SPY not far ahead at 11.54%.
FATIX
-20.39%
-11.40%
-22.84%
-2.10%
11.62%
11.09%
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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FATIX vs. SPY - Expense Ratio Comparison
FATIX has a 0.71% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FATIX vs. SPY — Risk-Adjusted Performance Rank
FATIX
SPY
FATIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class I (FATIX) and 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.
Dividends
FATIX vs. SPY - Dividend Comparison
FATIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATIX Fidelity Advisor Technology Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 4.46% | 8.68% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FATIX vs. SPY - Drawdown Comparison
The maximum FATIX drawdown since its inception was -82.31%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FATIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FATIX vs. SPY - Volatility Comparison
Fidelity Advisor Technology Fund Class I (FATIX) has a higher volatility of 19.82% compared to SPDR S&P 500 ETF (SPY) at 14.52%. This indicates that FATIX'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.