FNILX vs. SPYD
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
FNILX is managed by Fidelity. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNILX or SPYD.
Correlation
The correlation between FNILX and SPYD is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNILX vs. SPYD - Performance Comparison
Key characteristics
FNILX:
0.54
SPYD:
0.63
FNILX:
0.88
SPYD:
0.95
FNILX:
1.13
SPYD:
1.13
FNILX:
0.56
SPYD:
0.61
FNILX:
2.29
SPYD:
2.11
FNILX:
4.66%
SPYD:
4.65%
FNILX:
19.67%
SPYD:
15.51%
FNILX:
-33.75%
SPYD:
-46.42%
FNILX:
-10.09%
SPYD:
-10.12%
Returns By Period
In the year-to-date period, FNILX achieves a -5.83% return, which is significantly lower than SPYD's -2.89% return.
FNILX
-5.83%
-2.81%
-4.10%
9.99%
15.66%
N/A
SPYD
-2.89%
-5.20%
-5.91%
10.11%
14.24%
N/A
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FNILX vs. SPYD - Expense Ratio Comparison
FNILX has a 0.00% expense ratio, which is lower than SPYD's 0.07% 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. SPYD — Risk-Adjusted Performance Rank
FNILX
SPYD
FNILX vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.16%, less than SPYD's 4.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.16% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.59% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
FNILX vs. SPYD - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.75%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for FNILX and SPYD. For additional features, visit the drawdowns tool.
Volatility
FNILX vs. SPYD - Volatility Comparison
Fidelity ZERO Large Cap Index Fund (FNILX) has a higher volatility of 14.30% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 10.51%. This indicates that FNILX's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.