FNIAX vs. SPY
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class A (FNIAX) and SPDR S&P 500 ETF (SPY).
FNIAX is managed by Fidelity. It was launched on Jul 31, 2003. 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: FNIAX or SPY.
Correlation
The correlation between FNIAX and SPY is 0.92, 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
FNIAX vs. SPY - Performance Comparison
Key characteristics
FNIAX:
1.61
SPY:
1.88
FNIAX:
2.15
SPY:
2.51
FNIAX:
1.30
SPY:
1.35
FNIAX:
0.97
SPY:
2.83
FNIAX:
7.92
SPY:
11.89
FNIAX:
3.29%
SPY:
2.00%
FNIAX:
16.26%
SPY:
12.69%
FNIAX:
-49.52%
SPY:
-55.19%
FNIAX:
-8.22%
SPY:
-3.89%
Returns By Period
In the year-to-date period, FNIAX achieves a 0.19% return, which is significantly higher than SPY's -0.66% return. Over the past 10 years, FNIAX has underperformed SPY with an annualized return of 5.08%, while SPY has yielded a comparatively higher 13.18% annualized return.
FNIAX
0.19%
-2.76%
0.63%
25.81%
4.97%
5.08%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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FNIAX vs. SPY - Expense Ratio Comparison
FNIAX has a 0.93% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNIAX vs. SPY — Risk-Adjusted Performance Rank
FNIAX
SPY
FNIAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class A (FNIAX) 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
FNIAX vs. SPY - Dividend Comparison
FNIAX's dividend yield for the trailing twelve months is around 0.04%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNIAX Fidelity Advisor New Insights Fund Class A | 0.04% | 0.04% | 0.20% | 2.57% | 0.00% | 0.01% | 0.14% | 0.00% | 0.00% | 0.14% | 0.65% | 7.60% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FNIAX vs. SPY - Drawdown Comparison
The maximum FNIAX drawdown since its inception was -49.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNIAX and SPY. For additional features, visit the drawdowns tool.
Volatility
FNIAX vs. SPY - Volatility Comparison
Fidelity Advisor New Insights Fund Class A (FNIAX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.83% and 4.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.