Correlation
The correlation between FETKX 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.
FETKX vs. SPY
Compare and contrast key facts about Fidelity Equity Dividend Income Fund Class K (FETKX) and SPDR S&P 500 ETF (SPY).
FETKX is managed by Fidelity. It was launched on May 9, 2008. 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: FETKX or SPY.
Performance
FETKX vs. SPY - Performance Comparison
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Key characteristics
FETKX:
0.68
SPY:
0.70
FETKX:
1.00
SPY:
1.02
FETKX:
1.14
SPY:
1.15
FETKX:
0.71
SPY:
0.68
FETKX:
2.41
SPY:
2.57
FETKX:
3.90%
SPY:
4.93%
FETKX:
14.41%
SPY:
20.42%
FETKX:
-56.50%
SPY:
-55.19%
FETKX:
-4.21%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FETKX achieves a 2.12% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FETKX has underperformed SPY with an annualized return of 8.83%, while SPY has yielded a comparatively higher 12.73% annualized return.
FETKX
2.12%
1.56%
-4.21%
7.79%
7.71%
13.34%
8.83%
SPY
0.87%
3.99%
-1.56%
13.18%
14.25%
15.81%
12.73%
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FETKX vs. SPY - Expense Ratio Comparison
FETKX has a 0.49% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FETKX vs. SPY — Risk-Adjusted Performance Rank
FETKX
SPY
FETKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund Class K (FETKX) 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
FETKX vs. SPY - Dividend Comparison
FETKX's dividend yield for the trailing twelve months is around 8.45%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FETKX Fidelity Equity Dividend Income Fund Class K | 8.45% | 8.47% | 5.31% | 7.74% | 11.62% | 2.52% | 8.49% | 14.43% | 10.24% | 6.22% | 6.09% | 2.63% |
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
FETKX vs. SPY - Drawdown Comparison
The maximum FETKX drawdown since its inception was -56.50%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FETKX and SPY.
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Volatility
FETKX vs. SPY - Volatility Comparison
The current volatility for Fidelity Equity Dividend Income Fund Class K (FETKX) is 4.01%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that FETKX 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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