FBCV vs. SPY
Compare and contrast key facts about Fidelity Blue Chip Value ETF (FBCV) and SPDR S&P 500 ETF (SPY).
FBCV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBCV is an actively managed fund by Fidelity. It was launched on Jun 3, 2020. 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: FBCV or SPY.
Performance
FBCV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FBCV achieves a 16.59% return, which is significantly lower than SPY's 26.08% return.
FBCV
16.59%
2.38%
11.40%
21.44%
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FBCV | SPY | |
|---|---|---|
| Sharpe Ratio | 2.16 | 2.70 |
| Sortino Ratio | 3.17 | 3.60 |
| Omega Ratio | 1.39 | 1.50 |
| Calmar Ratio | 4.01 | 3.90 |
| Martin Ratio | 10.97 | 17.52 |
| Ulcer Index | 2.01% | 1.87% |
| Daily Std Dev | 10.20% | 12.14% |
| Max Drawdown | -15.55% | -55.19% |
| Current Drawdown | -0.27% | -0.85% |
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FBCV vs. SPY - Expense Ratio Comparison
FBCV has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between FBCV and SPY is 0.76, 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.
Risk-Adjusted Performance
FBCV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) 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
FBCV vs. SPY - Dividend Comparison
FBCV's dividend yield for the trailing twelve months is around 1.64%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBCV Fidelity Blue Chip Value ETF | 1.64% | 1.68% | 2.01% | 3.13% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FBCV vs. SPY - Drawdown Comparison
The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FBCV and SPY. For additional features, visit the drawdowns tool.
Volatility
FBCV vs. SPY - Volatility Comparison
The current volatility for Fidelity Blue Chip Value ETF (FBCV) is 3.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that FBCV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.