FITMX vs. SVOL
Compare and contrast key facts about Fidelity SAI International Momentum Index Fund (FITMX) and Simplify Volatility Premium ETF (SVOL).
FITMX is managed by Fidelity. It was launched on May 11, 2020. 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: FITMX or SVOL.
Correlation
The correlation between FITMX and SVOL is 0.58, 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
FITMX vs. SVOL - Performance Comparison
Key characteristics
FITMX:
1.18
SVOL:
0.75
FITMX:
1.65
SVOL:
1.07
FITMX:
1.21
SVOL:
1.18
FITMX:
1.70
SVOL:
1.00
FITMX:
4.03
SVOL:
5.34
FITMX:
4.04%
SVOL:
2.03%
FITMX:
13.82%
SVOL:
14.57%
FITMX:
-34.68%
SVOL:
-15.62%
FITMX:
-1.18%
SVOL:
0.00%
Returns By Period
In the year-to-date period, FITMX achieves a 7.92% return, which is significantly higher than SVOL's 4.74% return.
FITMX
7.92%
6.98%
4.02%
13.31%
N/A
N/A
SVOL
4.74%
2.52%
2.99%
10.03%
N/A
N/A
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FITMX vs. SVOL - Expense Ratio Comparison
FITMX has a 0.18% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
FITMX vs. SVOL — Risk-Adjusted Performance Rank
FITMX
SVOL
FITMX vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Momentum Index Fund (FITMX) 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
FITMX vs. SVOL - Dividend Comparison
FITMX's dividend yield for the trailing twelve months is around 3.24%, less than SVOL's 16.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
FITMX Fidelity SAI International Momentum Index Fund | 3.24% | 3.50% | 3.39% | 2.42% | 1.93% | 0.70% |
SVOL Simplify Volatility Premium ETF | 16.09% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% |
Drawdowns
FITMX vs. SVOL - Drawdown Comparison
The maximum FITMX drawdown since its inception was -34.68%, which is greater than SVOL's maximum drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for FITMX and SVOL. For additional features, visit the drawdowns tool.
Volatility
FITMX vs. SVOL - Volatility Comparison
Fidelity SAI International Momentum Index Fund (FITMX) and Simplify Volatility Premium ETF (SVOL) have volatilities of 3.24% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.