FLVCX vs. SPY
Compare and contrast key facts about Fidelity Leveraged Company Stock Fund (FLVCX) and SPDR S&P 500 ETF (SPY).
FLVCX is managed by Fidelity. It was launched on Dec 19, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLVCX or SPY.
Correlation
The correlation between FLVCX and SPY is 0.87, 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. SPY - Performance Comparison
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Key characteristics
FLVCX:
0.28
SPY:
0.55
FLVCX:
0.62
SPY:
0.94
FLVCX:
1.09
SPY:
1.14
FLVCX:
0.32
SPY:
0.61
FLVCX:
0.98
SPY:
2.35
FLVCX:
9.19%
SPY:
4.89%
FLVCX:
29.75%
SPY:
20.34%
FLVCX:
-69.99%
SPY:
-55.19%
FLVCX:
-9.58%
SPY:
-4.62%
Returns By Period
In the year-to-date period, FLVCX achieves a -0.60% return, which is significantly lower than SPY's -0.25% return. Over the past 10 years, FLVCX has underperformed SPY with an annualized return of 9.84%, while SPY has yielded a comparatively higher 12.52% annualized return.
FLVCX
-0.60%
22.29%
-3.92%
8.35%
14.88%
18.02%
9.84%
SPY
-0.25%
13.42%
-0.66%
11.09%
16.05%
16.24%
12.52%
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FLVCX vs. SPY - Expense Ratio Comparison
FLVCX has a 0.74% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FLVCX vs. SPY — Risk-Adjusted Performance Rank
FLVCX
SPY
FLVCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FLVCX's dividend yield for the trailing twelve months is around 0.83%, less than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | 0.83% | 0.82% | 0.62% | 0.80% | 0.24% | 0.11% | 0.10% | 0.00% | 0.20% | 1.12% | 8.18% | 0.76% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FLVCX vs. SPY - Drawdown Comparison
The maximum FLVCX drawdown since its inception was -69.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLVCX and SPY. For additional features, visit the drawdowns tool.
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Volatility
FLVCX vs. SPY - Volatility Comparison
Fidelity Leveraged Company Stock Fund (FLVCX) has a higher volatility of 7.35% compared to SPDR S&P 500 ETF (SPY) at 4.79%. This indicates that FLVCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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