FDIF vs. SPY
Compare and contrast key facts about Fidelity Disruptors ETF (FDIF) and SPDR S&P 500 ETF (SPY).
FDIF and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. 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: FDIF or SPY.
Key characteristics
| FDIF | SPY | |
|---|---|---|
| YTD Return | 21.17% | 26.49% |
| 1Y Return | 39.76% | 38.06% |
| Sharpe Ratio | 2.48 | 3.11 |
| Sortino Ratio | 3.30 | 4.14 |
| Omega Ratio | 1.43 | 1.58 |
| Calmar Ratio | 3.32 | 4.54 |
| Martin Ratio | 14.18 | 20.57 |
| Ulcer Index | 2.82% | 1.86% |
| Daily Std Dev | 16.08% | 12.29% |
| Max Drawdown | -17.33% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FDIF and SPY is 0.89, 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
FDIF vs. SPY - Performance Comparison
In the year-to-date period, FDIF achieves a 21.17% return, which is significantly lower than SPY's 26.49% 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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FDIF vs. SPY - Expense Ratio Comparison
FDIF has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDIF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptors ETF (FDIF) 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
FDIF vs. SPY - Dividend Comparison
FDIF's dividend yield for the trailing twelve months is around 0.21%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIF Fidelity Disruptors ETF | 0.21% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FDIF vs. SPY - Drawdown Comparison
The maximum FDIF drawdown since its inception was -17.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDIF and SPY. For additional features, visit the drawdowns tool.
Volatility
FDIF vs. SPY - Volatility Comparison
Fidelity Disruptors ETF (FDIF) and SPDR S&P 500 ETF (SPY) have volatilities of 4.09% and 3.95%, 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.