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:
0.55
SPY:
0.72
FITLX:
0.90
SPY:
1.13
FITLX:
1.13
SPY:
1.17
FITLX:
0.55
SPY:
0.76
FITLX:
2.01
SPY:
3.04
FITLX:
5.51%
SPY:
4.72%
FITLX:
20.26%
SPY:
20.06%
FITLX:
-34.35%
SPY:
-55.19%
FITLX:
-8.43%
SPY:
-7.25%
Returns By Period
In the year-to-date period, FITLX achieves a -4.12% return, which is significantly lower than SPY's -3.01% return.
FITLX
-4.12%
5.83%
-1.83%
9.38%
16.25%
N/A
SPY
-3.01%
5.60%
-0.12%
12.26%
16.60%
12.50%
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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 1.35%, more than SPY's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITLX Fidelity US Sustainability Index Fund | 1.35% | 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 | 1.26% | 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
The current volatility for Fidelity US Sustainability Index Fund (FITLX) is 13.82%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that FITLX 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.