FLXSX vs. SPY
Compare and contrast key facts about Fidelity Flex Small Cap Index Fund (FLXSX) and SPDR S&P 500 ETF (SPY).
FLXSX is managed by Fidelity. It was launched on Mar 9, 2017. 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: FLXSX or SPY.
Key characteristics
| FLXSX | SPY | |
|---|---|---|
| YTD Return | 19.44% | 26.77% |
| 1Y Return | 42.38% | 37.43% |
| 3Y Return (Ann) | 1.31% | 10.15% |
| 5Y Return (Ann) | 10.13% | 15.86% |
| Sharpe Ratio | 1.97 | 3.06 |
| Sortino Ratio | 2.82 | 4.08 |
| Omega Ratio | 1.34 | 1.58 |
| Calmar Ratio | 1.52 | 4.44 |
| Martin Ratio | 11.33 | 20.11 |
| Ulcer Index | 3.74% | 1.85% |
| Daily Std Dev | 21.56% | 12.18% |
| Max Drawdown | -41.72% | -55.19% |
| Current Drawdown | -1.76% | -0.31% |
Correlation
The correlation between FLXSX and SPY is 0.81, 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
FLXSX vs. SPY - Performance Comparison
In the year-to-date period, FLXSX achieves a 19.44% return, which is significantly lower than SPY's 26.77% return. 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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FLXSX vs. SPY - Expense Ratio Comparison
FLXSX has a 0.00% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLXSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Small Cap Index Fund (FLXSX) 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.
Dividends
FLXSX vs. SPY - Dividend Comparison
FLXSX's dividend yield for the trailing twelve months is around 1.26%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXSX Fidelity Flex Small Cap Index Fund | 1.26% | 1.49% | 1.26% | 1.10% | 1.06% | 1.31% | 1.16% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLXSX vs. SPY - Drawdown Comparison
The maximum FLXSX drawdown since its inception was -41.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLXSX and SPY. For additional features, visit the drawdowns tool.
Volatility
FLXSX vs. SPY - Volatility Comparison
Fidelity Flex Small Cap Index Fund (FLXSX) has a higher volatility of 7.43% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that FLXSX'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.