FIQSX vs. SPLG
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and SPDR Portfolio S&P 500 ETF (SPLG).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQSX or SPLG.
Correlation
The correlation between FIQSX and SPLG is 0.28, 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
FIQSX vs. SPLG - Performance Comparison
Key characteristics
FIQSX:
1.57
SPLG:
0.32
FIQSX:
2.52
SPLG:
0.57
FIQSX:
1.59
SPLG:
1.08
FIQSX:
1.56
SPLG:
0.32
FIQSX:
8.66
SPLG:
1.42
FIQSX:
0.57%
SPLG:
4.19%
FIQSX:
3.14%
SPLG:
18.83%
FIQSX:
-22.19%
SPLG:
-54.52%
FIQSX:
-2.09%
SPLG:
-13.84%
Returns By Period
In the year-to-date period, FIQSX achieves a -1.47% return, which is significantly higher than SPLG's -9.89% return.
FIQSX
-1.47%
-1.23%
0.63%
4.95%
7.31%
N/A
SPLG
-9.89%
-5.89%
-9.02%
6.57%
14.72%
11.59%
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FIQSX vs. SPLG - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
FIQSX vs. SPLG — Risk-Adjusted Performance Rank
FIQSX
SPLG
FIQSX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
FIQSX vs. SPLG - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 8.33%, more than SPLG's 1.45% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 8.33% | 8.39% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.45% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
FIQSX vs. SPLG - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for FIQSX and SPLG. For additional features, visit the drawdowns tool.
Volatility
FIQSX vs. SPLG - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 2.00%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 13.53%. This indicates that FIQSX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.