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 0.93, 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:
0.59
SPY:
1.88
FDEQX:
0.84
SPY:
2.53
FDEQX:
1.13
SPY:
1.35
FDEQX:
0.89
SPY:
2.83
FDEQX:
2.22
SPY:
11.74
FDEQX:
4.86%
SPY:
2.02%
FDEQX:
18.42%
SPY:
12.64%
FDEQX:
-54.60%
SPY:
-55.19%
FDEQX:
-8.89%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FDEQX achieves a 3.62% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, FDEQX has underperformed SPY with an annualized return of 8.52%, while SPY has yielded a comparatively higher 13.18% annualized return.
FDEQX
3.62%
-0.64%
0.22%
12.04%
10.49%
8.52%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 0.27%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEQX Fidelity Disciplined Equity Fund | 0.27% | 0.28% | 0.37% | 0.26% | 0.00% | 0.02% | 0.54% | 1.75% | 1.17% | 1.46% | 7.45% | 8.86% |
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
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) has a higher volatility of 5.43% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FDEQX'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.