FGOMX vs. SPY
Compare and contrast key facts about Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and SPDR S&P 500 ETF (SPY).
FGOMX is managed by Fidelity. It was launched on Oct 29, 2018. 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: FGOMX or SPY.
Correlation
The correlation between FGOMX and SPY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FGOMX vs. SPY - Performance Comparison
Key characteristics
FGOMX:
0.98
SPY:
1.88
FGOMX:
1.44
SPY:
2.53
FGOMX:
1.18
SPY:
1.35
FGOMX:
0.56
SPY:
2.83
FGOMX:
2.96
SPY:
11.74
FGOMX:
4.74%
SPY:
2.02%
FGOMX:
14.41%
SPY:
12.64%
FGOMX:
-41.75%
SPY:
-55.19%
FGOMX:
-14.25%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FGOMX achieves a 6.27% return, which is significantly higher than SPY's 4.15% return.
FGOMX
6.27%
4.80%
4.13%
13.75%
3.89%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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FGOMX vs. SPY - Expense Ratio Comparison
FGOMX has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FGOMX vs. SPY — Risk-Adjusted Performance Rank
FGOMX
SPY
FGOMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) 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
FGOMX vs. SPY - Dividend Comparison
FGOMX's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOMX Strategic Advisers Fidelity Emerging Markets Fund | 2.26% | 2.40% | 2.83% | 2.42% | 1.74% | 0.72% | 2.13% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FGOMX vs. SPY - Drawdown Comparison
The maximum FGOMX drawdown since its inception was -41.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FGOMX and SPY. For additional features, visit the drawdowns tool.
Volatility
FGOMX vs. SPY - Volatility Comparison
Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) has a higher volatility of 4.18% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FGOMX'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.