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:
-0.02
SPY:
0.54
FLXSX:
0.15
SPY:
0.90
FLXSX:
1.02
SPY:
1.13
FLXSX:
-0.02
SPY:
0.58
FLXSX:
-0.06
SPY:
2.32
FLXSX:
8.92%
SPY:
4.69%
FLXSX:
24.24%
SPY:
20.01%
FLXSX:
-43.21%
SPY:
-55.19%
FLXSX:
-18.55%
SPY:
-8.61%
Returns By Period
In the year-to-date period, FLXSX achieves a -11.01% return, which is significantly lower than SPY's -4.42% return.
FLXSX
-11.01%
-1.73%
-9.35%
1.33%
10.64%
N/A
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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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 Rank
FLXSX
SPY
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 1.53%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXSX Fidelity Flex Small Cap Index Fund | 1.53% | 1.36% | 1.49% | 1.26% | 1.10% | 1.06% | 1.31% | 1.16% | 0.54% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FLXSX vs. SPY - Drawdown Comparison
The maximum FLXSX drawdown since its inception was -43.21%, 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
The current volatility for Fidelity Flex Small Cap Index Fund (FLXSX) is 14.17%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that FLXSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.