FIRMX vs. SPY
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and SPDR S&P 500 ETF (SPY).
FIRMX is managed by Blackrock. It was launched on Aug 30, 2007. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIRMX or SPY.
Correlation
The correlation between FIRMX and SPY is 0.81, 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.
Performance
FIRMX vs. SPY - Performance Comparison
Key characteristics
FIRMX:
1.59
SPY:
1.87
FIRMX:
2.33
SPY:
2.52
FIRMX:
1.29
SPY:
1.35
FIRMX:
0.85
SPY:
2.81
FIRMX:
5.87
SPY:
11.69
FIRMX:
1.21%
SPY:
2.02%
FIRMX:
4.44%
SPY:
12.65%
FIRMX:
-34.37%
SPY:
-55.19%
FIRMX:
-1.47%
SPY:
0.00%
Returns By Period
In the year-to-date period, FIRMX achieves a 2.06% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, FIRMX has underperformed SPY with an annualized return of 1.70%, while SPY has yielded a comparatively higher 13.23% annualized return.
FIRMX
2.06%
1.53%
0.99%
7.03%
1.46%
1.70%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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FIRMX vs. SPY - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FIRMX vs. SPY — Risk-Adjusted Performance Rank
FIRMX
SPY
FIRMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and 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.
Dividends
FIRMX vs. SPY - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.98%, more than SPY's 1.15% 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% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FIRMX vs. SPY - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -34.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIRMX and SPY. For additional features, visit the drawdowns tool.
Volatility
FIRMX vs. SPY - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. This indicates that FIRMX 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.