FDIAX vs. SPY
Compare and contrast key facts about Fidelity Advisor Limited Term Bond Fund Class A (FDIAX) and SPDR S&P 500 ETF (SPY).
FDIAX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FDIAX or SPY.
Key characteristics
| FDIAX | SPY | |
|---|---|---|
| YTD Return | 1.19% | 11.81% |
| 1Y Return | 4.50% | 31.01% |
| 3Y Return (Ann) | -0.14% | 9.97% |
| 5Y Return (Ann) | 1.31% | 15.01% |
| 10Y Return (Ann) | 1.39% | 12.94% |
| Sharpe Ratio | 1.80 | 2.61 |
| Daily Std Dev | 2.78% | 11.55% |
| Max Drawdown | -12.45% | -55.19% |
| Current Drawdown | -1.14% | 0.00% |
Correlation
The correlation between FDIAX and SPY is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FDIAX vs. SPY - Performance Comparison
In the year-to-date period, FDIAX achieves a 1.19% return, which is significantly lower than SPY's 11.81% return. Over the past 10 years, FDIAX has underperformed SPY with an annualized return of 1.39%, while SPY has yielded a comparatively higher 12.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDIAX vs. SPY - Expense Ratio Comparison
FDIAX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDIAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Limited Term Bond Fund Class A (FDIAX) 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
FDIAX vs. SPY - Dividend Comparison
FDIAX's dividend yield for the trailing twelve months is around 2.38%, more than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIAX Fidelity Advisor Limited Term Bond Fund Class A | 2.38% | 2.09% | 1.33% | 1.18% | 2.09% | 2.14% | 1.99% | 1.49% | 1.30% | 1.56% | 1.62% | 1.82% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FDIAX vs. SPY - Drawdown Comparison
The maximum FDIAX drawdown since its inception was -12.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDIAX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDIAX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Limited Term Bond Fund Class A (FDIAX) is 0.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.48%. This indicates that FDIAX 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.