Correlation
The correlation between FEIRX and SVSPX is 0.90, 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.
FEIRX vs. SVSPX
Compare and contrast key facts about Fidelity Advisor Equity Income Fund Class M (FEIRX) and State Street S&P 500 Index Fund Class N (SVSPX).
FEIRX is managed by Fidelity. It was launched on Sep 10, 1992. SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEIRX or SVSPX.
Performance
FEIRX vs. SVSPX - Performance Comparison
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Key characteristics
FEIRX:
0.64
SVSPX:
0.73
FEIRX:
0.94
SVSPX:
1.03
FEIRX:
1.13
SVSPX:
1.15
FEIRX:
0.65
SVSPX:
0.68
FEIRX:
2.20
SVSPX:
2.59
FEIRX:
3.96%
SVSPX:
4.94%
FEIRX:
14.33%
SVSPX:
19.80%
FEIRX:
-61.02%
SVSPX:
-86.30%
FEIRX:
-4.46%
SVSPX:
-3.47%
Returns By Period
In the year-to-date period, FEIRX achieves a 1.89% return, which is significantly higher than SVSPX's 0.97% return. Over the past 10 years, FEIRX has underperformed SVSPX with an annualized return of 7.84%, while SVSPX has yielded a comparatively higher 13.29% annualized return.
FEIRX
1.89%
2.60%
-4.46%
9.11%
7.00%
12.82%
7.84%
SVSPX
0.97%
6.30%
-1.38%
14.30%
14.26%
15.76%
13.29%
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FEIRX vs. SVSPX - Expense Ratio Comparison
FEIRX has a 1.14% expense ratio, which is higher than SVSPX's 0.16% expense ratio.
Risk-Adjusted Performance
FEIRX vs. SVSPX — Risk-Adjusted Performance Rank
FEIRX
SVSPX
FEIRX vs. SVSPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class M (FEIRX) and State Street S&P 500 Index Fund Class N (SVSPX). 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.
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Dividends
FEIRX vs. SVSPX - Dividend Comparison
FEIRX's dividend yield for the trailing twelve months is around 7.05%, less than SVSPX's 9.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEIRX Fidelity Advisor Equity Income Fund Class M | 7.05% | 7.03% | 4.47% | 5.48% | 10.49% | 1.94% | 7.61% | 15.97% | 10.46% | 3.74% | 10.20% | 4.82% |
SVSPX State Street S&P 500 Index Fund Class N | 9.34% | 9.39% | 12.38% | 10.53% | 11.65% | 19.79% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% | 2.92% |
Drawdowns
FEIRX vs. SVSPX - Drawdown Comparison
The maximum FEIRX drawdown since its inception was -61.02%, smaller than the maximum SVSPX drawdown of -86.30%. Use the drawdown chart below to compare losses from any high point for FEIRX and SVSPX.
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Volatility
FEIRX vs. SVSPX - Volatility Comparison
The current volatility for Fidelity Advisor Equity Income Fund Class M (FEIRX) is 3.97%, while State Street S&P 500 Index Fund Class N (SVSPX) has a volatility of 4.79%. This indicates that FEIRX experiences smaller price fluctuations and is considered to be less risky than SVSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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