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.
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
Key characteristics
FFIDX:
1.78
SPY:
2.17
FFIDX:
2.37
SPY:
2.88
FFIDX:
1.33
SPY:
1.41
FFIDX:
2.44
SPY:
3.19
FFIDX:
9.72
SPY:
14.10
FFIDX:
2.81%
SPY:
1.90%
FFIDX:
15.35%
SPY:
12.39%
FFIDX:
-55.18%
SPY:
-55.19%
FFIDX:
-4.45%
SPY:
-3.19%
Returns By Period
In the year-to-date period, FFIDX achieves a 27.22% return, which is significantly higher than SPY's 24.97% return. Both investments have delivered pretty close results over the past 10 years, with FFIDX having a 13.45% annualized return and SPY not far behind at 12.92%.
FFIDX
27.22%
-0.73%
3.77%
28.91%
15.96%
13.45%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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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 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIDX Fidelity Fund | 0.00% | 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 | 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
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 4.22% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.