FDCAX vs. SPY
Compare and contrast key facts about Fidelity Capital Appreciation Fund (FDCAX) and SPDR S&P 500 ETF (SPY).
FDCAX is managed by Fidelity. It was launched on Nov 26, 1986. 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: FDCAX or SPY.
Correlation
The correlation between FDCAX and SPY is 0.85, 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
FDCAX vs. SPY - Performance Comparison
Key characteristics
FDCAX:
0.09
SPY:
1.88
FDCAX:
0.23
SPY:
2.53
FDCAX:
1.05
SPY:
1.35
FDCAX:
0.10
SPY:
2.83
FDCAX:
0.26
SPY:
11.74
FDCAX:
7.46%
SPY:
2.02%
FDCAX:
21.44%
SPY:
12.64%
FDCAX:
-58.11%
SPY:
-55.19%
FDCAX:
-15.53%
SPY:
-0.42%
Returns By Period
The year-to-date returns for both investments are quite close, with FDCAX having a 4.08% return and SPY slightly higher at 4.15%. Over the past 10 years, FDCAX has underperformed SPY with an annualized return of 3.43%, while SPY has yielded a comparatively higher 13.18% annualized return.
FDCAX
4.08%
-0.48%
-7.19%
2.81%
4.23%
3.43%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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FDCAX vs. SPY - Expense Ratio Comparison
FDCAX has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDCAX vs. SPY — Risk-Adjusted Performance Rank
FDCAX
SPY
FDCAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital Appreciation Fund (FDCAX) 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
FDCAX vs. SPY - Dividend Comparison
FDCAX's dividend yield for the trailing twelve months is around 0.25%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCAX Fidelity Capital Appreciation Fund | 0.25% | 0.26% | 0.37% | 0.43% | 0.39% | 0.03% | 0.69% | 0.91% | 0.95% | 1.24% | 14.02% | 11.82% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FDCAX vs. SPY - Drawdown Comparison
The maximum FDCAX drawdown since its inception was -58.11%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDCAX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDCAX vs. SPY - Volatility Comparison
Fidelity Capital Appreciation Fund (FDCAX) has a higher volatility of 4.08% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FDCAX'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.