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.
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.
Performance
FDFIX vs. SPY - Performance Comparison
Key characteristics
FDFIX:
0.52
SPY:
0.51
FDFIX:
0.85
SPY:
0.86
FDFIX:
1.12
SPY:
1.13
FDFIX:
0.53
SPY:
0.55
FDFIX:
2.19
SPY:
2.26
FDFIX:
4.60%
SPY:
4.55%
FDFIX:
19.54%
SPY:
20.08%
FDFIX:
-33.77%
SPY:
-55.19%
FDFIX:
-10.17%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both investments are quite close, with FDFIX having a -6.02% return and SPY slightly higher at -5.76%.
FDFIX
-6.02%
-1.26%
-4.57%
9.42%
15.79%
N/A
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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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%.
Risk-Adjusted Performance
FDFIX vs. SPY — Risk-Adjusted Performance Rank
FDFIX
SPY
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 1.05%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFIX Fidelity Flex 500 Index Fund | 1.05% | 1.26% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Fidelity Flex 500 Index Fund (FDFIX) is 14.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that FDFIX 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.