Correlation
The correlation between FIFVX and ^GSPC 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.
FIFVX vs. ^GSPC
Compare and contrast key facts about Fidelity Advisor Founders Fund Class I (FIFVX) and S&P 500 (^GSPC).
FIFVX is managed by Fidelity. It was launched on Feb 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIFVX or ^GSPC.
Performance
FIFVX vs. ^GSPC - Performance Comparison
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Key characteristics
FIFVX:
0.76
^GSPC:
0.66
FIFVX:
1.04
^GSPC:
0.94
FIFVX:
1.15
^GSPC:
1.14
FIFVX:
0.67
^GSPC:
0.60
FIFVX:
2.31
^GSPC:
2.28
FIFVX:
6.79%
^GSPC:
5.01%
FIFVX:
24.38%
^GSPC:
19.77%
FIFVX:
-32.48%
^GSPC:
-56.78%
FIFVX:
-5.16%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, FIFVX achieves a 1.54% return, which is significantly higher than ^GSPC's 0.51% return.
FIFVX
1.54%
7.57%
-1.30%
18.25%
16.46%
15.59%
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
FIFVX vs. ^GSPC — Risk-Adjusted Performance Rank
FIFVX
^GSPC
FIFVX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Founders Fund Class I (FIFVX) and S&P 500 (^GSPC). 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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Drawdowns
FIFVX vs. ^GSPC - Drawdown Comparison
The maximum FIFVX drawdown since its inception was -32.48%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIFVX and ^GSPC.
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Volatility
FIFVX vs. ^GSPC - Volatility Comparison
Fidelity Advisor Founders Fund Class I (FIFVX) has a higher volatility of 5.35% compared to S&P 500 (^GSPC) at 4.77%. This indicates that FIFVX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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