Correlation
The correlation between FEMVX and SPY is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FEMVX vs. SPY
Compare and contrast key facts about Fidelity SAI Emerging Markets Value Index Fund (FEMVX) and SPDR S&P 500 ETF (SPY).
FEMVX is managed by Fidelity. It was launched on May 11, 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: FEMVX or SPY.
Performance
FEMVX vs. SPY - Performance Comparison
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Key characteristics
FEMVX:
0.61
SPY:
0.70
FEMVX:
0.83
SPY:
1.02
FEMVX:
1.11
SPY:
1.15
FEMVX:
0.55
SPY:
0.68
FEMVX:
1.73
SPY:
2.57
FEMVX:
4.98%
SPY:
4.93%
FEMVX:
16.62%
SPY:
20.42%
FEMVX:
-31.94%
SPY:
-55.19%
FEMVX:
-0.56%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FEMVX achieves a 8.41% return, which is significantly higher than SPY's 0.87% return.
FEMVX
8.41%
5.51%
7.75%
11.00%
9.22%
10.38%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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FEMVX vs. SPY - Expense Ratio Comparison
FEMVX has a 0.22% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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
FEMVX vs. SPY — Risk-Adjusted Performance Rank
FEMVX
SPY
FEMVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Emerging Markets Value Index Fund (FEMVX) 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.
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Dividends
FEMVX vs. SPY - Dividend Comparison
FEMVX's dividend yield for the trailing twelve months is around 3.43%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMVX Fidelity SAI Emerging Markets Value Index Fund | 3.43% | 3.72% | 4.73% | 4.87% | 5.50% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FEMVX vs. SPY - Drawdown Comparison
The maximum FEMVX drawdown since its inception was -31.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FEMVX and SPY.
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Volatility
FEMVX vs. SPY - Volatility Comparison
The current volatility for Fidelity SAI Emerging Markets Value Index Fund (FEMVX) is 3.44%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that FEMVX 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.
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