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.
Performance
FITLX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FITLX having a 26.16% return and SPY slightly lower at 26.08%.
FITLX
26.16%
2.41%
12.65%
32.37%
16.14%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FITLX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.43 | 2.70 |
| Sortino Ratio | 3.24 | 3.60 |
| Omega Ratio | 1.45 | 1.50 |
| Calmar Ratio | 3.45 | 3.90 |
| Martin Ratio | 14.57 | 17.52 |
| Ulcer Index | 2.25% | 1.87% |
| Daily Std Dev | 13.51% | 12.14% |
| Max Drawdown | -34.35% | -55.19% |
| Current Drawdown | -1.11% | -0.85% |
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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%.
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.
Risk-Adjusted Performance
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 0.89%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITLX Fidelity US Sustainability Index Fund | 0.89% | 1.12% | 1.49% | 0.81% | 1.01% | 1.27% | 1.37% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 4.40% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.