FLVEX vs. SPLG
Compare and contrast key facts about Fidelity Large Cap Value Enhanced Index Fund (FLVEX) and SPDR Portfolio S&P 500 ETF (SPLG).
FLVEX is managed by Fidelity. It was launched on Apr 19, 2007. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLVEX or SPLG.
Key characteristics
| FLVEX | SPLG |
|---|
Correlation
The correlation between FLVEX and SPLG is 0.79, 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
FLVEX vs. SPLG - Performance Comparison
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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FLVEX vs. SPLG - Expense Ratio Comparison
FLVEX has a 0.39% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
FLVEX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Value Enhanced Index Fund (FLVEX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
FLVEX vs. SPLG - Dividend Comparison
FLVEX has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVEX Fidelity Large Cap Value Enhanced Index Fund | 1.04% | 5.51% | 4.65% | 12.27% | 1.66% | 3.36% | 7.37% | 5.17% | 1.78% | 1.94% | 3.89% | 8.22% |
SPLG SPDR Portfolio S&P 500 ETF | 1.22% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
FLVEX vs. SPLG - Drawdown Comparison
Volatility
FLVEX vs. SPLG - Volatility Comparison
The current volatility for Fidelity Large Cap Value Enhanced Index Fund (FLVEX) is 0.00%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.94%. This indicates that FLVEX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.