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:
1.11
SPY:
1.99
FATIX:
1.54
SPY:
2.66
FATIX:
1.21
SPY:
1.37
FATIX:
1.41
SPY:
2.97
FATIX:
5.55
SPY:
13.06
FATIX:
4.91%
SPY:
1.91%
FATIX:
24.65%
SPY:
12.59%
FATIX:
-82.31%
SPY:
-55.19%
FATIX:
-9.66%
SPY:
-2.90%
Returns By Period
In the year-to-date period, FATIX achieves a 27.92% return, which is significantly higher than SPY's 25.34% return. Over the past 10 years, FATIX has outperformed SPY with an annualized return of 14.76%, while SPY has yielded a comparatively lower 13.08% annualized return.
FATIX
27.92%
-5.58%
1.19%
27.92%
16.41%
14.76%
SPY
25.34%
-2.05%
8.56%
25.34%
14.57%
13.08%
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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 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 1.20%.
| TTM | 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% | 0.01% | 0.00% | 0.00% | 4.46% | 8.68% |
SPY SPDR S&P 500 ETF | 1.20% | 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 9.26% compared to SPDR S&P 500 ETF (SPY) at 4.22%. 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.