FDVLX vs. SPY
Compare and contrast key facts about Fidelity Value Fund (FDVLX) and SPDR S&P 500 ETF (SPY).
FDVLX is managed by Fidelity. It was launched on Dec 1, 1978. 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: FDVLX or SPY.
Correlation
The correlation between FDVLX and SPY is 0.83, 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
FDVLX vs. SPY - Performance Comparison
Key characteristics
FDVLX:
-0.20
SPY:
2.03
FDVLX:
-0.11
SPY:
2.71
FDVLX:
0.98
SPY:
1.38
FDVLX:
-0.21
SPY:
3.02
FDVLX:
-1.14
SPY:
13.49
FDVLX:
3.87%
SPY:
1.88%
FDVLX:
21.52%
SPY:
12.48%
FDVLX:
-66.38%
SPY:
-55.19%
FDVLX:
-21.41%
SPY:
-3.54%
Returns By Period
In the year-to-date period, FDVLX achieves a -6.20% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, FDVLX has underperformed SPY with an annualized return of 3.96%, while SPY has yielded a comparatively higher 12.94% annualized return.
FDVLX
-6.20%
-17.92%
-9.05%
-5.87%
4.93%
3.96%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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FDVLX vs. SPY - Expense Ratio Comparison
FDVLX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDVLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) 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
FDVLX vs. SPY - Dividend Comparison
FDVLX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 0.00% | 1.04% | 0.70% | 1.37% | 0.98% | 1.15% | 1.39% | 1.36% | 1.23% | 12.17% | 2.94% | 1.83% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FDVLX vs. SPY - Drawdown Comparison
The maximum FDVLX drawdown since its inception was -66.38%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDVLX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDVLX vs. SPY - Volatility Comparison
Fidelity Value Fund (FDVLX) has a higher volatility of 16.29% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that FDVLX'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.