FIFZX vs. SPY
Compare and contrast key facts about Fidelity Series Bond Index Fund (FIFZX) and SPDR S&P 500 ETF (SPY).
FIFZX is managed by Fidelity. It was launched on Apr 26, 2019. 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: FIFZX or SPY.
Correlation
The correlation between FIFZX and SPY is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIFZX vs. SPY - Performance Comparison
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Key characteristics
FIFZX:
0.76
SPY:
0.57
FIFZX:
1.25
SPY:
0.93
FIFZX:
1.15
SPY:
1.14
FIFZX:
0.33
SPY:
0.61
FIFZX:
2.05
SPY:
2.33
FIFZX:
2.20%
SPY:
4.90%
FIFZX:
5.39%
SPY:
20.34%
FIFZX:
-19.56%
SPY:
-55.19%
FIFZX:
-8.94%
SPY:
-4.58%
Returns By Period
In the year-to-date period, FIFZX achieves a 1.16% return, which is significantly higher than SPY's -0.21% return.
FIFZX
1.16%
-0.13%
1.11%
4.14%
1.40%
-1.36%
N/A
SPY
-0.21%
10.59%
-1.16%
11.45%
15.35%
16.25%
12.52%
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FIFZX vs. SPY - Expense Ratio Comparison
FIFZX has a 0.00% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, 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
FIFZX vs. SPY — Risk-Adjusted Performance Rank
FIFZX
SPY
FIFZX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Bond Index Fund (FIFZX) 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.
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Dividends
FIFZX vs. SPY - Dividend Comparison
FIFZX's dividend yield for the trailing twelve months is around 3.77%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIFZX Fidelity Series Bond Index Fund | 3.77% | 3.65% | 3.09% | 2.31% | 1.59% | 2.11% | 1.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FIFZX vs. SPY - Drawdown Comparison
The maximum FIFZX drawdown since its inception was -19.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIFZX and SPY. For additional features, visit the drawdowns tool.
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Volatility
FIFZX vs. SPY - Volatility Comparison
The current volatility for Fidelity Series Bond Index Fund (FIFZX) is 1.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.68%. This indicates that FIFZX 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.
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