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:
1.38
SPY:
1.87
FITLX:
1.92
SPY:
2.52
FITLX:
1.25
SPY:
1.35
FITLX:
2.09
SPY:
2.81
FITLX:
7.77
SPY:
11.69
FITLX:
2.55%
SPY:
2.02%
FITLX:
14.35%
SPY:
12.65%
FITLX:
-34.35%
SPY:
-55.19%
FITLX:
-1.55%
SPY:
0.00%
Returns By Period
In the year-to-date period, FITLX achieves a 3.08% return, which is significantly lower than SPY's 4.58% return.
FITLX
3.08%
0.79%
7.30%
21.29%
14.27%
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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 1.15% 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 | 1.15% | 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 3.96% compared to SPDR S&P 500 ETF (SPY) at 3.00%. 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.