FNILX vs. SPY
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and SPDR S&P 500 ETF (SPY).
FNILX is managed by Fidelity. 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: FNILX or SPY.
Correlation
The correlation between FNILX and SPY is 0.99, 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
FNILX vs. SPY - Performance Comparison
Key characteristics
FNILX:
0.51
SPY:
0.48
FNILX:
0.84
SPY:
0.81
FNILX:
1.12
SPY:
1.12
FNILX:
0.52
SPY:
0.51
FNILX:
2.18
SPY:
2.13
FNILX:
4.57%
SPY:
4.46%
FNILX:
19.59%
SPY:
20.00%
FNILX:
-33.75%
SPY:
-55.19%
FNILX:
-12.55%
SPY:
-12.38%
Returns By Period
The year-to-date returns for both investments are quite close, with FNILX having a -8.41% return and SPY slightly higher at -8.37%.
FNILX
-8.41%
-6.81%
-6.50%
7.63%
15.38%
N/A
SPY
-8.37%
-6.73%
-6.77%
7.24%
15.33%
11.67%
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FNILX vs. SPY - Expense Ratio Comparison
FNILX 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
FNILX vs. SPY — Risk-Adjusted Performance Rank
FNILX
SPY
FNILX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) 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
FNILX vs. SPY - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.19%, less than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.19% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FNILX vs. SPY - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNILX and SPY. For additional features, visit the drawdowns tool.
Volatility
FNILX vs. SPY - Volatility Comparison
The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 14.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.94%. This indicates that FNILX 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.