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 0.27, 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:
3.18
SPLG:
2.26
FIQSX:
9.14
SPLG:
3.00
FIQSX:
2.80
SPLG:
1.42
FIQSX:
9.31
SPLG:
3.32
FIQSX:
47.40
SPLG:
14.73
FIQSX:
0.17%
SPLG:
1.90%
FIQSX:
2.51%
SPLG:
12.40%
FIQSX:
-22.19%
SPLG:
-54.50%
FIQSX:
-0.43%
SPLG:
-2.50%
Returns By Period
In the year-to-date period, FIQSX achieves a 8.04% return, which is significantly lower than SPLG's 26.00% return.
FIQSX
8.04%
-0.21%
3.89%
8.04%
5.38%
N/A
SPLG
26.00%
-0.14%
9.34%
26.48%
14.82%
13.11%
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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 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 7.70%, more than SPLG's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 7.70% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 0.92% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
FIQSX vs. SPLG - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum SPLG drawdown of -54.50%. 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 0.27%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.81%. 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.