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.
Correlation
The correlation between FIRMX and SPHD is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIRMX vs. SPHD - Performance Comparison
Key characteristics
FIRMX:
1.60
SPHD:
2.17
FIRMX:
2.34
SPHD:
2.99
FIRMX:
1.29
SPHD:
1.39
FIRMX:
0.85
SPHD:
2.65
FIRMX:
5.89
SPHD:
8.27
FIRMX:
1.21%
SPHD:
2.81%
FIRMX:
4.44%
SPHD:
10.74%
FIRMX:
-34.37%
SPHD:
-41.39%
FIRMX:
-1.40%
SPHD:
-2.79%
Returns By Period
In the year-to-date period, FIRMX achieves a 2.14% return, which is significantly lower than SPHD's 3.83% return. Over the past 10 years, FIRMX has underperformed SPHD with an annualized return of 1.70%, while SPHD has yielded a comparatively higher 8.46% annualized return.
FIRMX
2.14%
1.15%
1.47%
7.31%
1.48%
1.70%
SPHD
3.83%
1.94%
4.64%
22.08%
7.37%
8.46%
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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.
Dividends
FIRMX vs. SPHD - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.98%, which matches SPHD's 2.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 2.98% | 3.02% | 2.79% | 3.31% | 2.20% | 1.01% | 1.85% | 2.10% | 1.70% | 1.56% | 1.59% | 1.61% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 2.97% | 3.41% | 4.48% | 3.89% | 3.46% | 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 -34.37%, 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. For additional features, visit the drawdowns tool.
Volatility
FIRMX vs. SPHD - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.05%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.09%. 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.