FITLX vs. SPY
Compare and contrast key facts about Fidelity US Sustainability Index Fund (FITLX) and SPDR S&P 500 ETF (SPY).
FITLX is managed by Fidelity. It was launched on May 9, 2017. 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: FITLX or SPY.
Correlation
The correlation between FITLX and SPY is 0.98, 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
FITLX vs. SPY - Performance Comparison
Key characteristics
FITLX:
1.85
SPY:
2.20
FITLX:
2.50
SPY:
2.92
FITLX:
1.34
SPY:
1.41
FITLX:
2.78
SPY:
3.35
FITLX:
10.75
SPY:
14.01
FITLX:
2.46%
SPY:
2.01%
FITLX:
14.27%
SPY:
12.76%
FITLX:
-34.35%
SPY:
-55.19%
FITLX:
-1.12%
SPY:
-0.45%
Returns By Period
In the year-to-date period, FITLX achieves a 3.32% return, which is significantly higher than SPY's 2.90% return.
FITLX
3.32%
2.21%
8.45%
24.64%
14.69%
N/A
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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FITLX vs. SPY - Expense Ratio Comparison
FITLX has a 0.11% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FITLX vs. SPY — Risk-Adjusted Performance Rank
FITLX
SPY
FITLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Sustainability Index Fund (FITLX) 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
FITLX vs. SPY - Dividend Comparison
FITLX's dividend yield for the trailing twelve months is around 1.25%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITLX Fidelity US Sustainability Index Fund | 1.25% | 1.29% | 1.12% | 1.49% | 0.81% | 1.01% | 1.27% | 1.37% | 0.71% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FITLX vs. SPY - Drawdown Comparison
The maximum FITLX drawdown since its inception was -34.35%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FITLX and SPY. For additional features, visit the drawdowns tool.
Volatility
FITLX vs. SPY - Volatility Comparison
Fidelity US Sustainability Index Fund (FITLX) has a higher volatility of 5.59% compared to SPDR S&P 500 ETF (SPY) at 5.17%. This indicates that FITLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.