FDEQX vs. SPY
Compare and contrast key facts about Fidelity Disciplined Equity Fund (FDEQX) and SPDR S&P 500 ETF (SPY).
FDEQX is managed by Fidelity. It was launched on Dec 28, 1988. 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: FDEQX or SPY.
Correlation
The correlation between FDEQX and SPY is 0.95, 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
FDEQX vs. SPY - Performance Comparison
Key characteristics
FDEQX:
0.27
SPY:
0.57
FDEQX:
0.53
SPY:
0.94
FDEQX:
1.07
SPY:
1.14
FDEQX:
0.28
SPY:
0.61
FDEQX:
0.95
SPY:
2.48
FDEQX:
6.56%
SPY:
4.63%
FDEQX:
22.81%
SPY:
20.07%
FDEQX:
-54.60%
SPY:
-55.19%
FDEQX:
-12.96%
SPY:
-9.29%
Returns By Period
In the year-to-date period, FDEQX achieves a -7.34% return, which is significantly lower than SPY's -5.13% return. Over the past 10 years, FDEQX has underperformed SPY with an annualized return of 10.80%, while SPY has yielded a comparatively higher 12.11% annualized return.
FDEQX
-7.34%
0.91%
-6.69%
4.68%
13.94%
10.80%
SPY
-5.13%
-0.24%
-4.11%
10.06%
15.53%
12.11%
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FDEQX vs. SPY - Expense Ratio Comparison
FDEQX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDEQX vs. SPY — Risk-Adjusted Performance Rank
FDEQX
SPY
FDEQX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disciplined Equity Fund (FDEQX) 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
FDEQX vs. SPY - Dividend Comparison
FDEQX's dividend yield for the trailing twelve months is around 9.96%, more than SPY's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEQX Fidelity Disciplined Equity Fund | 9.96% | 9.23% | 4.55% | 2.89% | 1.43% | 0.02% | 0.54% | 15.29% | 4.06% | 1.46% | 7.45% | 8.86% |
SPY SPDR S&P 500 ETF | 1.29% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FDEQX vs. SPY - Drawdown Comparison
The maximum FDEQX drawdown since its inception was -54.60%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDEQX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDEQX vs. SPY - Volatility Comparison
Fidelity Disciplined Equity Fund (FDEQX) and SPDR S&P 500 ETF (SPY) have volatilities of 14.96% and 15.00%, 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.