FCVAX vs. SPY
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class A (FCVAX) and SPDR S&P 500 ETF (SPY).
FCVAX is managed by Fidelity. It was launched on Nov 3, 2004. 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: FCVAX or SPY.
Correlation
The correlation between FCVAX and SPY is 0.83, 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
FCVAX vs. SPY - Performance Comparison
Key characteristics
FCVAX:
0.52
SPY:
1.95
FCVAX:
0.87
SPY:
2.60
FCVAX:
1.11
SPY:
1.36
FCVAX:
0.62
SPY:
2.98
FCVAX:
2.03
SPY:
12.44
FCVAX:
4.88%
SPY:
2.02%
FCVAX:
19.05%
SPY:
12.89%
FCVAX:
-58.83%
SPY:
-55.19%
FCVAX:
-5.78%
SPY:
-1.70%
Returns By Period
In the year-to-date period, FCVAX achieves a 4.74% return, which is significantly higher than SPY's 2.27% return. Over the past 10 years, FCVAX has underperformed SPY with an annualized return of 3.10%, while SPY has yielded a comparatively higher 13.64% annualized return.
FCVAX
4.74%
4.95%
-1.39%
9.32%
7.53%
3.10%
SPY
2.27%
0.73%
10.73%
24.55%
14.69%
13.64%
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FCVAX vs. SPY - Expense Ratio Comparison
FCVAX has a 1.26% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FCVAX vs. SPY — Risk-Adjusted Performance Rank
FCVAX
SPY
FCVAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class A (FCVAX) 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
FCVAX vs. SPY - Dividend Comparison
FCVAX's dividend yield for the trailing twelve months is around 0.33%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 0.33% | 0.34% | 0.47% | 0.00% | 1.86% | 0.30% | 0.57% | 0.76% | 0.83% | 0.55% | 11.88% | 12.22% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FCVAX vs. SPY - Drawdown Comparison
The maximum FCVAX drawdown since its inception was -58.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCVAX and SPY. For additional features, visit the drawdowns tool.
Volatility
FCVAX vs. SPY - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class A (FCVAX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.27% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.