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.
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
Key characteristics
FLVCX:
0.94
SPMD:
1.27
FLVCX:
1.27
SPMD:
1.86
FLVCX:
1.19
SPMD:
1.22
FLVCX:
0.61
SPMD:
2.52
FLVCX:
4.34
SPMD:
6.98
FLVCX:
4.46%
SPMD:
2.82%
FLVCX:
20.70%
SPMD:
15.53%
FLVCX:
-69.99%
SPMD:
-57.62%
FLVCX:
-17.16%
SPMD:
-4.50%
Returns By Period
The year-to-date returns for both stocks are quite close, with FLVCX having a 18.09% return and SPMD slightly lower at 18.02%. Over the past 10 years, FLVCX has underperformed SPMD with an annualized return of 0.15%, while SPMD has yielded a comparatively higher 9.76% annualized return.
FLVCX
18.09%
2.66%
-0.54%
18.98%
5.31%
0.15%
SPMD
18.02%
1.07%
11.34%
19.49%
11.19%
9.76%
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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 0.61%, less than SPMD's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | 0.61% | 0.62% | 0.80% | 0.24% | 0.11% | 0.10% | 0.00% | 0.20% | 1.12% | 8.18% | 0.76% | 0.63% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.00% | 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 4.69% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 3.60%. 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.