FNMIX vs. SPYG
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FNMIX is managed by Fidelity. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNMIX or SPYG.
Correlation
The correlation between FNMIX and SPYG is 0.30, 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. SPYG - Performance Comparison
Key characteristics
FNMIX:
1.29
SPYG:
0.67
FNMIX:
1.81
SPYG:
1.06
FNMIX:
1.25
SPYG:
1.15
FNMIX:
1.27
SPYG:
0.75
FNMIX:
5.08
SPYG:
2.66
FNMIX:
1.47%
SPYG:
6.24%
FNMIX:
5.77%
SPYG:
24.86%
FNMIX:
-44.57%
SPYG:
-67.79%
FNMIX:
-2.87%
SPYG:
-12.90%
Returns By Period
In the year-to-date period, FNMIX achieves a 1.02% return, which is significantly higher than SPYG's -8.45% return. Over the past 10 years, FNMIX has underperformed SPYG with an annualized return of 2.66%, while SPYG has yielded a comparatively higher 13.69% annualized return.
FNMIX
1.02%
-2.19%
1.50%
7.11%
4.40%
2.66%
SPYG
-8.45%
-4.90%
-4.07%
14.76%
16.20%
13.69%
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FNMIX vs. SPYG - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
FNMIX vs. SPYG — Risk-Adjusted Performance Rank
FNMIX
SPYG
FNMIX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.82%, more than SPYG's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.82% | 4.70% | 5.14% | 5.14% | 3.83% | 3.99% | 4.88% | 4.68% | 5.32% | 5.61% | 5.42% | 6.68% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.67% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
FNMIX vs. SPYG - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -44.57%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FNMIX and SPYG. For additional features, visit the drawdowns tool.
Volatility
FNMIX vs. SPYG - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 3.52%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 16.41%. This indicates that FNMIX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.