FIWGX vs. SPY
Compare and contrast key facts about Strategic Advisers Fidelity Core Income Fund (FIWGX) and SPDR S&P 500 ETF (SPY).
FIWGX is managed by Fidelity. It was launched on Oct 16, 2018. 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: FIWGX or SPY.
Correlation
The correlation between FIWGX and SPY is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIWGX vs. SPY - Performance Comparison
Key characteristics
FIWGX:
0.32
SPY:
2.21
FIWGX:
0.49
SPY:
2.93
FIWGX:
1.06
SPY:
1.41
FIWGX:
0.13
SPY:
3.26
FIWGX:
1.01
SPY:
14.43
FIWGX:
1.81%
SPY:
1.90%
FIWGX:
5.60%
SPY:
12.41%
FIWGX:
-20.11%
SPY:
-55.19%
FIWGX:
-9.13%
SPY:
-2.74%
Returns By Period
In the year-to-date period, FIWGX achieves a 2.27% return, which is significantly lower than SPY's 25.54% return.
FIWGX
2.27%
-0.34%
1.49%
2.49%
-0.20%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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FIWGX vs. SPY - Expense Ratio Comparison
FIWGX has a 0.46% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FIWGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Core Income Fund (FIWGX) 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
FIWGX vs. SPY - Dividend Comparison
FIWGX's dividend yield for the trailing twelve months is around 4.14%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | 4.14% | 3.80% | 3.01% | 2.02% | 2.50% | 3.01% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FIWGX vs. SPY - Drawdown Comparison
The maximum FIWGX drawdown since its inception was -20.11%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIWGX and SPY. For additional features, visit the drawdowns tool.
Volatility
FIWGX vs. SPY - Volatility Comparison
The current volatility for Strategic Advisers Fidelity Core Income Fund (FIWGX) is 1.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.68%. This indicates that FIWGX 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.