Correlation
The correlation between FIRNX and SPHD is 0.72, 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.
FIRNX vs. SPHD
Compare and contrast key facts about Fidelity Simplicity RMD Income Fund (FIRNX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
FIRNX is managed by Fidelity. 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: FIRNX or SPHD.
Performance
FIRNX vs. SPHD - Performance Comparison
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Key characteristics
Returns By Period
FIRNX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
SPHD
-0.39%
0.09%
-6.61%
12.61%
3.63%
11.76%
8.04%
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FIRNX vs. SPHD - Expense Ratio Comparison
FIRNX has a 0.46% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
FIRNX vs. SPHD — Risk-Adjusted Performance Rank
FIRNX
SPHD
FIRNX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Simplicity RMD Income Fund (FIRNX) 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
FIRNX vs. SPHD - Dividend Comparison
FIRNX has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 3.45%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRNX Fidelity Simplicity RMD Income Fund | 2.59% | 3.15% | 2.89% | 3.51% | 2.40% | 1.14% | 1.62% | 1.69% | 1.19% | 1.22% | 3.71% | 3.47% |
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
FIRNX vs. SPHD - Drawdown Comparison
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Volatility
FIRNX vs. SPHD - Volatility Comparison
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