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:
1.58
SPY:
2.21
FGILX:
2.17
SPY:
2.93
FGILX:
1.28
SPY:
1.41
FGILX:
2.52
SPY:
3.26
FGILX:
9.40
SPY:
14.43
FGILX:
1.67%
SPY:
1.90%
FGILX:
9.95%
SPY:
12.41%
FGILX:
-30.59%
SPY:
-55.19%
FGILX:
-4.23%
SPY:
-2.74%
Returns By Period
In the year-to-date period, FGILX achieves a 13.21% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, FGILX has underperformed SPY with an annualized return of 8.89%, while SPY has yielded a comparatively higher 12.97% annualized return.
FGILX
13.21%
-1.21%
4.12%
14.54%
9.55%
8.89%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 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 0.84%, less than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGILX Fidelity Global Equity Income Fund | 0.84% | 1.25% | 1.21% | 0.71% | 0.98% | 1.47% | 2.06% | 1.18% | 1.27% | 3.06% | 10.44% | 3.95% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 3.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. 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.