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.
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
Key characteristics
FLXSX:
0.68
SPY:
2.03
FLXSX:
1.09
SPY:
2.71
FLXSX:
1.13
SPY:
1.38
FLXSX:
0.76
SPY:
3.02
FLXSX:
3.69
SPY:
13.49
FLXSX:
3.88%
SPY:
1.88%
FLXSX:
20.95%
SPY:
12.48%
FLXSX:
-41.72%
SPY:
-55.19%
FLXSX:
-8.50%
SPY:
-3.54%
Returns By Period
In the year-to-date period, FLXSX achieves a 11.63% return, which is significantly lower than SPY's 24.51% return.
FLXSX
11.63%
-3.12%
11.02%
12.09%
7.52%
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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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 0.27%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXSX Fidelity Flex Small Cap Index Fund | 0.27% | 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 | 0.87% | 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 6.19% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.