FLVCX vs. SPMD
Compare and contrast key facts about Fidelity Leveraged Company Stock Fund (FLVCX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
FLVCX is managed by Fidelity. It was launched on Dec 19, 2000. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLVCX or SPMD.
Key characteristics
| FLVCX | SPMD | |
|---|---|---|
| YTD Return | 15.00% | 9.05% |
| 1Y Return | 37.31% | 25.09% |
| 3Y Return (Ann) | 7.22% | 5.13% |
| 5Y Return (Ann) | 14.72% | 11.28% |
| 10Y Return (Ann) | 10.08% | 9.73% |
| Sharpe Ratio | 2.41 | 1.65 |
| Daily Std Dev | 15.94% | 15.85% |
| Max Drawdown | -69.99% | -57.62% |
| Current Drawdown | -0.67% | -0.71% |
Correlation
The correlation between FLVCX and SPMD is 0.85, 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
FLVCX vs. SPMD - Performance Comparison
In the year-to-date period, FLVCX achieves a 15.00% return, which is significantly higher than SPMD's 9.05% return. Both investments have delivered pretty close results over the past 10 years, with FLVCX having a 10.08% annualized return and SPMD not far behind at 9.73%. 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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FLVCX vs. SPMD - Expense Ratio Comparison
FLVCX has a 0.74% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Risk-Adjusted Performance
FLVCX vs. SPMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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
FLVCX vs. SPMD - Dividend Comparison
FLVCX's dividend yield for the trailing twelve months is around 10.60%, more than SPMD's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | 10.60% | 12.19% | 18.49% | 8.40% | 0.11% | 0.10% | 19.91% | 19.08% | 27.48% | 8.18% | 0.76% | 0.63% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.36% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
FLVCX vs. SPMD - Drawdown Comparison
The maximum FLVCX drawdown since its inception was -69.99%, which is greater than SPMD's maximum drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for FLVCX and SPMD. For additional features, visit the drawdowns tool.
Volatility
FLVCX vs. SPMD - Volatility Comparison
Fidelity Leveraged Company Stock Fund (FLVCX) has a higher volatility of 4.57% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 3.67%. This indicates that FLVCX's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.