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.
Correlation
The correlation between FLAPX and SPYG is 0.91, 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
Key characteristics
FLAPX:
0.27
SPYG:
0.66
FLAPX:
0.52
SPYG:
1.06
FLAPX:
1.07
SPYG:
1.15
FLAPX:
0.25
SPYG:
0.74
FLAPX:
0.94
SPYG:
2.61
FLAPX:
5.65%
SPYG:
6.28%
FLAPX:
19.41%
SPYG:
24.90%
FLAPX:
-40.31%
SPYG:
-67.79%
FLAPX:
-12.02%
SPYG:
-11.62%
Returns By Period
In the year-to-date period, FLAPX achieves a -5.27% return, which is significantly higher than SPYG's -7.10% return.
FLAPX
-5.27%
-3.11%
-4.87%
5.13%
12.36%
N/A
SPYG
-7.10%
-0.75%
-3.16%
14.75%
16.31%
13.91%
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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 Rank
FLAPX
SPYG
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 1.14%, more than SPYG's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 1.14% | 1.08% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.66% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
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 13.87%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 16.37%. 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.