FITIX vs. SVOL
Compare and contrast key facts about Fidelity Advisor Mid Cap II Fund Class M (FITIX) and Simplify Volatility Premium ETF (SVOL).
FITIX is managed by Fidelity. It was launched on Aug 12, 2004. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FITIX or SVOL.
Correlation
The correlation between FITIX and SVOL is 0.63, 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
FITIX vs. SVOL - Performance Comparison
Key characteristics
FITIX:
0.32
SVOL:
0.73
FITIX:
0.54
SVOL:
1.05
FITIX:
1.07
SVOL:
1.18
FITIX:
0.24
SVOL:
0.97
FITIX:
1.15
SVOL:
5.22
FITIX:
4.79%
SVOL:
2.03%
FITIX:
16.86%
SVOL:
14.59%
FITIX:
-53.16%
SVOL:
-15.62%
FITIX:
-16.83%
SVOL:
-0.09%
Returns By Period
In the year-to-date period, FITIX achieves a 0.63% return, which is significantly lower than SVOL's 4.64% return.
FITIX
0.63%
-3.67%
0.36%
7.06%
2.92%
1.49%
SVOL
4.64%
2.42%
3.21%
9.93%
N/A
N/A
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FITIX vs. SVOL - Expense Ratio Comparison
FITIX has a 1.25% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
FITIX vs. SVOL — Risk-Adjusted Performance Rank
FITIX
SVOL
FITIX vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class M (FITIX) and Simplify Volatility Premium ETF (SVOL). 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
FITIX vs. SVOL - Dividend Comparison
FITIX has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 16.11%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITIX Fidelity Advisor Mid Cap II Fund Class M | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.03% | 0.04% | 0.02% | 0.00% | 16.54% |
SVOL Simplify Volatility Premium ETF | 16.11% | 16.79% | 16.37% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FITIX vs. SVOL - Drawdown Comparison
The maximum FITIX drawdown since its inception was -53.16%, which is greater than SVOL's maximum drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for FITIX and SVOL. For additional features, visit the drawdowns tool.
Volatility
FITIX vs. SVOL - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class M (FITIX) has a higher volatility of 6.71% compared to Simplify Volatility Premium ETF (SVOL) at 3.24%. This indicates that FITIX's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.