Correlation
The correlation between FLVCX and SPMD is 0.83, 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.
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.
Performance
FLVCX vs. SPMD - Performance Comparison
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Key characteristics
FLVCX:
0.36
SPMD:
0.15
FLVCX:
0.62
SPMD:
0.36
FLVCX:
1.09
SPMD:
1.05
FLVCX:
0.32
SPMD:
0.12
FLVCX:
0.99
SPMD:
0.38
FLVCX:
9.28%
SPMD:
7.90%
FLVCX:
29.82%
SPMD:
22.03%
FLVCX:
-70.03%
SPMD:
-57.62%
FLVCX:
-8.23%
SPMD:
-10.89%
Returns By Period
In the year-to-date period, FLVCX achieves a 0.89% return, which is significantly higher than SPMD's -3.32% return. Over the past 10 years, FLVCX has outperformed SPMD with an annualized return of 9.91%, while SPMD has yielded a comparatively lower 8.26% annualized return.
FLVCX
0.89%
11.40%
-4.75%
10.52%
13.47%
17.47%
9.91%
SPMD
-3.32%
5.51%
-10.26%
3.39%
7.78%
12.89%
8.26%
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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 Rank
FLVCX
SPMD
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.
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Dividends
FLVCX vs. SPMD - Dividend Comparison
FLVCX's dividend yield for the trailing twelve months is around 14.41%, more than SPMD's 1.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | 14.41% | 14.53% | 12.19% | 18.49% | 8.40% | 0.11% | 0.10% | 19.91% | 19.08% | 27.48% | 7.18% | 0.76% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.51% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% |
Drawdowns
FLVCX vs. SPMD - Drawdown Comparison
The maximum FLVCX drawdown since its inception was -70.03%, 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.
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Volatility
FLVCX vs. SPMD - Volatility Comparison
Fidelity Leveraged Company Stock Fund (FLVCX) has a higher volatility of 7.07% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 6.04%. 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.
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