FDFIX vs. SPY
Compare and contrast key facts about Fidelity Flex 500 Index Fund (FDFIX) and SPDR S&P 500 ETF (SPY).
FDFIX is managed by Fidelity. It was launched on Mar 9, 2017. 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: FDFIX or SPY.
Performance
FDFIX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FDFIX having a 24.60% return and SPY slightly lower at 24.40%.
FDFIX
24.60%
0.20%
11.45%
31.90%
15.34%
N/A
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| FDFIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.63 | 2.64 |
| Sortino Ratio | 3.51 | 3.53 |
| Omega Ratio | 1.49 | 1.49 |
| Calmar Ratio | 3.82 | 3.81 |
| Martin Ratio | 17.26 | 17.21 |
| Ulcer Index | 1.87% | 1.86% |
| Daily Std Dev | 12.28% | 12.15% |
| Max Drawdown | -33.77% | -55.19% |
| Current Drawdown | -2.15% | -2.17% |
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FDFIX vs. SPY - Expense Ratio Comparison
FDFIX has a 0.00% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FDFIX and SPY is 1.00, 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.
Risk-Adjusted Performance
FDFIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex 500 Index Fund (FDFIX) 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
FDFIX vs. SPY - Dividend Comparison
FDFIX's dividend yield for the trailing twelve months is around 1.25%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFIX Fidelity Flex 500 Index Fund | 1.25% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FDFIX vs. SPY - Drawdown Comparison
The maximum FDFIX drawdown since its inception was -33.77%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDFIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDFIX vs. SPY - Volatility Comparison
Fidelity Flex 500 Index Fund (FDFIX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.04% and 4.08%, 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.