FNMIX vs. SPY
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and SPDR S&P 500 ETF (SPY).
FNMIX 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: FNMIX or SPY.
Correlation
The correlation between FNMIX and SPY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNMIX vs. SPY - Performance Comparison
Key characteristics
FNMIX:
1.32
SPY:
0.51
FNMIX:
1.85
SPY:
0.86
FNMIX:
1.26
SPY:
1.13
FNMIX:
1.30
SPY:
0.55
FNMIX:
5.17
SPY:
2.26
FNMIX:
1.47%
SPY:
4.55%
FNMIX:
5.77%
SPY:
20.08%
FNMIX:
-43.58%
SPY:
-55.19%
FNMIX:
-2.40%
SPY:
-9.89%
Returns By Period
In the year-to-date period, FNMIX achieves a 1.49% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, FNMIX has underperformed SPY with an annualized return of 2.96%, while SPY has yielded a comparatively higher 12.04% annualized return.
FNMIX
1.49%
-1.04%
1.82%
7.62%
4.59%
2.96%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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FNMIX vs. SPY - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNMIX vs. SPY — Risk-Adjusted Performance Rank
FNMIX
SPY
FNMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) 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
FNMIX vs. SPY - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.80%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.80% | 4.71% | 5.15% | 5.15% | 4.10% | 4.06% | 4.87% | 4.98% | 5.78% | 6.49% | 5.42% | 6.68% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FNMIX vs. SPY - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -43.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FNMIX vs. SPY - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 3.56%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that FNMIX 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.