Correlation
The correlation between FGBPX and SPLG is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FGBPX vs. SPLG
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and SPDR Portfolio S&P 500 ETF (SPLG).
FGBPX is managed by Fidelity. It was launched on Aug 27, 2002. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGBPX or SPLG.
Performance
FGBPX vs. SPLG - Performance Comparison
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Key characteristics
FGBPX:
0.99
SPLG:
0.71
FGBPX:
1.20
SPLG:
1.13
FGBPX:
1.14
SPLG:
1.17
FGBPX:
0.44
SPLG:
0.76
FGBPX:
2.10
SPLG:
2.87
FGBPX:
2.09%
SPLG:
4.93%
FGBPX:
5.44%
SPLG:
19.63%
FGBPX:
-18.22%
SPLG:
-54.52%
FGBPX:
-5.35%
SPLG:
-3.00%
Returns By Period
In the year-to-date period, FGBPX achieves a 2.46% return, which is significantly higher than SPLG's 1.45% return. Over the past 10 years, FGBPX has underperformed SPLG with an annualized return of 2.08%, while SPLG has yielded a comparatively higher 12.86% annualized return.
FGBPX
2.46%
-0.09%
0.59%
5.42%
1.93%
-0.37%
2.08%
SPLG
1.45%
4.61%
-1.18%
13.91%
14.73%
15.43%
12.86%
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FGBPX vs. SPLG - Expense Ratio Comparison
FGBPX has a 0.49% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
FGBPX vs. SPLG — Risk-Adjusted Performance Rank
FGBPX
SPLG
FGBPX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
FGBPX vs. SPLG - Dividend Comparison
FGBPX's dividend yield for the trailing twelve months is around 3.90%, more than SPLG's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | 3.90% | 3.95% | 3.50% | 2.60% | 1.55% | 4.75% | 2.72% | 2.81% | 2.12% | 2.45% | 2.86% | 2.48% |
SPLG SPDR Portfolio S&P 500 ETF | 1.28% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
FGBPX vs. SPLG - Drawdown Comparison
The maximum FGBPX drawdown since its inception was -18.22%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for FGBPX and SPLG.
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Volatility
FGBPX vs. SPLG - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) is 1.34%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.78%. This indicates that FGBPX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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