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 0.81, 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
Key characteristics
FLAPX:
1.22
SPYG:
2.08
FLAPX:
1.72
SPYG:
2.70
FLAPX:
1.21
SPYG:
1.38
FLAPX:
2.02
SPYG:
2.86
FLAPX:
6.78
SPYG:
11.29
FLAPX:
2.42%
SPYG:
3.23%
FLAPX:
13.43%
SPYG:
17.52%
FLAPX:
-40.31%
SPYG:
-67.79%
FLAPX:
-7.41%
SPYG:
-3.68%
Returns By Period
In the year-to-date period, FLAPX achieves a 14.93% return, which is significantly lower than SPYG's 35.92% return.
FLAPX
14.93%
-3.43%
9.29%
15.28%
9.95%
N/A
SPYG
35.92%
3.00%
9.07%
35.77%
17.21%
15.11%
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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 0.28%, less than SPYG's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 0.28% | 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 | 0.41% | 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
Fidelity Flex Mid Cap Index Fund (FLAPX) and SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 4.63% and 4.78%, 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.