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.
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.
Performance
FIRMX vs. SPY - Performance Comparison
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Key characteristics
FIRMX:
1.44
SPY:
0.70
FIRMX:
1.97
SPY:
1.02
FIRMX:
1.26
SPY:
1.15
FIRMX:
1.41
SPY:
0.68
FIRMX:
5.61
SPY:
2.57
FIRMX:
1.21%
SPY:
4.93%
FIRMX:
4.97%
SPY:
20.42%
FIRMX:
-33.72%
SPY:
-55.19%
FIRMX:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FIRMX achieves a 3.62% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FIRMX has underperformed SPY with an annualized return of 3.23%, while SPY has yielded a comparatively higher 12.73% annualized return.
FIRMX
3.62%
0.81%
1.95%
7.11%
3.62%
2.82%
3.23%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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.
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Dividends
FIRMX vs. SPY - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.95%, more than SPY's 1.22% 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% |
SPY SPDR S&P 500 ETF | 1.22% | 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 -33.72%, 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.
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Volatility
FIRMX vs. SPY - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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