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:
0.04
SPY:
0.54
FCVAX:
0.24
SPY:
0.90
FCVAX:
1.03
SPY:
1.13
FCVAX:
0.05
SPY:
0.57
FCVAX:
0.14
SPY:
2.24
FCVAX:
7.82%
SPY:
4.82%
FCVAX:
23.21%
SPY:
20.02%
FCVAX:
-57.81%
SPY:
-55.19%
FCVAX:
-12.88%
SPY:
-7.53%
Returns By Period
In the year-to-date period, FCVAX achieves a -5.91% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, FCVAX has underperformed SPY with an annualized return of 8.05%, while SPY has yielded a comparatively higher 12.33% annualized return.
FCVAX
-5.91%
14.50%
-11.52%
0.99%
16.35%
8.05%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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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 6.46%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 6.46% | 6.08% | 5.19% | 6.11% | 7.94% | 0.30% | 3.32% | 37.39% | 3.43% | 7.01% | 11.88% | 12.22% |
SPY SPDR S&P 500 ETF | 1.27% | 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 -57.81%, roughly equal to the maximum SPY 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
The current volatility for Fidelity Advisor Small Cap Value Fund Class A (FCVAX) is 10.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that FCVAX 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.