FFIDX vs. SPY
Compare and contrast key facts about Fidelity Fund (FFIDX) and SPDR S&P 500 ETF (SPY).
FFIDX is managed by Fidelity. It was launched on Apr 30, 1930. 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: FFIDX or SPY.
Key characteristics
| FFIDX | SPY | |
|---|---|---|
| YTD Return | 30.34% | 26.77% |
| 1Y Return | 38.83% | 37.43% |
| 3Y Return (Ann) | 9.09% | 10.15% |
| 5Y Return (Ann) | 17.56% | 15.86% |
| 10Y Return (Ann) | 14.12% | 13.33% |
| Sharpe Ratio | 2.60 | 3.06 |
| Sortino Ratio | 3.37 | 4.08 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 3.45 | 4.44 |
| Martin Ratio | 14.00 | 20.11 |
| Ulcer Index | 2.75% | 1.85% |
| Daily Std Dev | 14.85% | 12.18% |
| Max Drawdown | -55.18% | -55.19% |
| Current Drawdown | -0.09% | -0.31% |
Correlation
The correlation between FFIDX and SPY is 0.93, 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
FFIDX vs. SPY - Performance Comparison
In the year-to-date period, FFIDX achieves a 30.34% return, which is significantly higher than SPY's 26.77% return. Over the past 10 years, FFIDX has outperformed SPY with an annualized return of 14.12%, while SPY has yielded a comparatively lower 13.33% annualized 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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FFIDX vs. SPY - Expense Ratio Comparison
FFIDX has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FFIDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fund (FFIDX) 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
FFIDX vs. SPY - Dividend Comparison
FFIDX's dividend yield for the trailing twelve months is around 0.27%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIDX Fidelity Fund | 0.27% | 0.66% | 0.67% | 0.26% | 0.75% | 0.83% | 1.08% | 1.00% | 1.06% | 5.15% | 12.31% | 8.52% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FFIDX vs. SPY - Drawdown Comparison
The maximum FFIDX drawdown since its inception was -55.18%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FFIDX and SPY. For additional features, visit the drawdowns tool.
Volatility
FFIDX vs. SPY - Volatility Comparison
Fidelity Fund (FFIDX) has a higher volatility of 4.25% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that FFIDX'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.