Correlation
The correlation between FIRMX and SPHD is 0.73, 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.
FIRMX vs. SPHD
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
FIRMX is managed by Blackrock. It was launched on Aug 30, 2007. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIRMX or SPHD.
Performance
FIRMX vs. SPHD - Performance Comparison
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Key characteristics
FIRMX:
1.44
SPHD:
0.77
FIRMX:
1.97
SPHD:
1.14
FIRMX:
1.26
SPHD:
1.16
FIRMX:
1.41
SPHD:
0.87
FIRMX:
5.61
SPHD:
2.74
FIRMX:
1.21%
SPHD:
4.22%
FIRMX:
4.97%
SPHD:
14.70%
FIRMX:
-33.72%
SPHD:
-41.39%
FIRMX:
0.00%
SPHD:
-6.61%
Returns By Period
In the year-to-date period, FIRMX achieves a 3.62% return, which is significantly higher than SPHD's -0.25% return. Over the past 10 years, FIRMX has underperformed SPHD with an annualized return of 3.23%, while SPHD has yielded a comparatively higher 8.10% annualized return.
FIRMX
3.62%
0.81%
1.95%
7.11%
3.62%
2.82%
3.23%
SPHD
-0.25%
0.41%
-6.61%
11.24%
3.95%
11.80%
8.10%
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FIRMX vs. SPHD - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
FIRMX vs. SPHD — Risk-Adjusted Performance Rank
FIRMX
SPHD
FIRMX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
FIRMX vs. SPHD - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.95%, less than SPHD's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 2.95% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% | 3.64% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.45% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
FIRMX vs. SPHD - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.72%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FIRMX and SPHD.
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Volatility
FIRMX vs. SPHD - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.11%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 4.31%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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