FGILX vs. SPY
Compare and contrast key facts about Fidelity Global Equity Income Fund (FGILX) and SPDR S&P 500 ETF (SPY).
FGILX is managed by Fidelity. It was launched on May 2, 2012. 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: FGILX or SPY.
Correlation
The correlation between FGILX and SPY is 0.90, 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
FGILX vs. SPY - Performance Comparison
Key characteristics
FGILX:
0.69
SPY:
0.30
FGILX:
1.03
SPY:
0.56
FGILX:
1.16
SPY:
1.08
FGILX:
0.83
SPY:
0.31
FGILX:
4.09
SPY:
1.40
FGILX:
2.53%
SPY:
4.18%
FGILX:
14.97%
SPY:
19.64%
FGILX:
-30.59%
SPY:
-55.19%
FGILX:
-5.64%
SPY:
-13.86%
Returns By Period
In the year-to-date period, FGILX achieves a 1.29% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, FGILX has underperformed SPY with an annualized return of 6.58%, while SPY has yielded a comparatively higher 11.57% annualized return.
FGILX
1.29%
-4.53%
-2.61%
10.46%
9.61%
6.58%
SPY
-9.91%
-5.89%
-9.03%
6.50%
14.62%
11.57%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGILX vs. SPY - Expense Ratio Comparison
FGILX has a 1.02% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FGILX vs. SPY — Risk-Adjusted Performance Rank
FGILX
SPY
FGILX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity Income Fund (FGILX) 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
FGILX vs. SPY - Dividend Comparison
FGILX's dividend yield for the trailing twelve months is around 0.94%, less than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGILX Fidelity Global Equity Income Fund | 0.94% | 1.16% | 1.25% | 1.21% | 0.71% | 0.98% | 1.47% | 2.06% | 1.18% | 1.27% | 3.06% | 10.44% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FGILX vs. SPY - Drawdown Comparison
The maximum FGILX drawdown since its inception was -30.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FGILX and SPY. For additional features, visit the drawdowns tool.
Volatility
FGILX vs. SPY - Volatility Comparison
The current volatility for Fidelity Global Equity Income Fund (FGILX) is 11.07%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that FGILX 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.