FLAPX vs. SPYG
Compare and contrast key facts about Fidelity Flex Mid Cap Index Fund (FLAPX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FLAPX is managed by Fidelity. It was launched on Mar 9, 2017. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLAPX or SPYG.
Key characteristics
| FLAPX | SPYG | |
|---|---|---|
| YTD Return | 20.42% | 35.25% |
| 1Y Return | 39.06% | 46.54% |
| 3Y Return (Ann) | 4.64% | 8.21% |
| 5Y Return (Ann) | 11.87% | 18.21% |
| Sharpe Ratio | 2.78 | 2.66 |
| Sortino Ratio | 3.85 | 3.40 |
| Omega Ratio | 1.48 | 1.48 |
| Calmar Ratio | 2.10 | 2.75 |
| Martin Ratio | 16.30 | 14.14 |
| Ulcer Index | 2.32% | 3.20% |
| Daily Std Dev | 13.58% | 17.04% |
| Max Drawdown | -40.31% | -67.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLAPX and SPYG is 0.81, 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
FLAPX vs. SPYG - Performance Comparison
In the year-to-date period, FLAPX achieves a 20.42% return, which is significantly lower than SPYG's 35.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLAPX vs. SPYG - Expense Ratio Comparison
FLAPX has a 0.00% expense ratio, which is lower than SPYG's 0.04% expense ratio. Despite the difference, 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
FLAPX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
FLAPX vs. SPYG - Dividend Comparison
FLAPX's dividend yield for the trailing twelve months is around 1.22%, more than SPYG's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 1.22% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.65% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
FLAPX vs. SPYG - Drawdown Comparison
The maximum FLAPX drawdown since its inception was -40.31%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FLAPX and SPYG. For additional features, visit the drawdowns tool.
Volatility
FLAPX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Flex Mid Cap Index Fund (FLAPX) is 4.08%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.22%. This indicates that FLAPX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.