FIFZX vs. SPY
Compare and contrast key facts about Fidelity Series Bond Index Fund (FIFZX) and State Street 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.
Performance
FIFZX vs. SPY - Performance Comparison
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FIFZX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIFZX Fidelity Series Bond Index Fund | -0.46% | 7.15% | 1.41% | 5.54% | -13.46% | -1.96% | 7.65% | 5.12% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 11.28% |
Returns By Period
In the year-to-date period, FIFZX achieves a -0.46% return, which is significantly higher than SPY's -4.37% return.
FIFZX
- 1D
- 0.56%
- 1M
- -2.27%
- YTD
- -0.46%
- 6M
- 0.53%
- 1Y
- 3.78%
- 3Y*
- 3.45%
- 5Y*
- 0.10%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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%.
Return for Risk
FIFZX vs. SPY — Risk / Return Rank
FIFZX
SPY
FIFZX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Bond Index Fund (FIFZX) and State Street 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.
| FIFZX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.93 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.45 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.53 | +0.23 |
Martin ratioReturn relative to average drawdown | 5.09 | 7.30 | -2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIFZX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.93 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.69 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.56 | -0.33 |
Correlation
The correlation between FIFZX and SPY is 0.04, 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.
Dividends
FIFZX vs. SPY - Dividend Comparison
FIFZX's dividend yield for the trailing twelve months is around 3.62%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIFZX Fidelity Series Bond Index Fund | 3.62% | 3.87% | 3.66% | 3.09% | 1.74% | 1.42% | 3.20% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FIFZX vs. SPY - Drawdown Comparison
The maximum FIFZX drawdown since its inception was -19.27%, 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.
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Drawdown Indicators
| FIFZX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -55.19% | +35.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -12.05% | +9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -24.50% | +6.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -3.64% | -6.24% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -9.09% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.52% | -1.55% |
Volatility
FIFZX vs. SPY - Volatility Comparison
The current volatility for Fidelity Series Bond Index Fund (FIFZX) is 1.57%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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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Volatility by Period
| FIFZX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 5.31% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 9.47% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 19.05% | -14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 17.06% | -11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 17.92% | -12.26% |