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:
1.63
SPY:
2.20
FGILX:
2.22
SPY:
2.91
FGILX:
1.29
SPY:
1.41
FGILX:
1.90
SPY:
3.35
FGILX:
8.33
SPY:
13.99
FGILX:
1.97%
SPY:
2.01%
FGILX:
10.07%
SPY:
12.79%
FGILX:
-30.59%
SPY:
-55.19%
FGILX:
-3.19%
SPY:
-1.35%
Returns By Period
In the year-to-date period, FGILX achieves a 1.79% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, FGILX has underperformed SPY with an annualized return of 7.25%, while SPY has yielded a comparatively higher 13.44% annualized return.
FGILX
1.79%
1.48%
3.03%
14.44%
6.46%
7.25%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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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 1.14%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGILX Fidelity Global Equity Income Fund | 1.14% | 1.16% | 1.25% | 1.21% | 0.71% | 0.98% | 1.47% | 2.06% | 1.18% | 1.27% | 4.14% | 12.32% |
SPY SPDR S&P 500 ETF | 1.18% | 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 3.75%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.10%. 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.