FNSOX vs. SPY
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and SPDR S&P 500 ETF (SPY).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. 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: FNSOX or SPY.
Key characteristics
| FNSOX | SPY | |
|---|---|---|
| YTD Return | 3.43% | 23.18% |
| 1Y Return | 6.72% | 40.57% |
| 3Y Return (Ann) | 0.73% | 9.72% |
| 5Y Return (Ann) | 1.20% | 15.45% |
| Sharpe Ratio | 2.15 | 3.45 |
| Sortino Ratio | 3.45 | 4.57 |
| Omega Ratio | 1.46 | 1.65 |
| Calmar Ratio | 1.24 | 4.12 |
| Martin Ratio | 10.75 | 22.62 |
| Ulcer Index | 0.54% | 1.83% |
| Daily Std Dev | 2.73% | 12.01% |
| Max Drawdown | -8.45% | -55.19% |
| Current Drawdown | -1.39% | -0.78% |
Correlation
The correlation between FNSOX and SPY is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FNSOX vs. SPY - Performance Comparison
In the year-to-date period, FNSOX achieves a 3.43% return, which is significantly lower than SPY's 23.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNSOX vs. SPY - Expense Ratio Comparison
FNSOX has a 0.03% 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
FNSOX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) 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
FNSOX vs. SPY - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 1.84%, more than SPY's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 1.84% | 1.74% | 1.16% | 0.93% | 1.93% | 2.61% | 2.02% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FNSOX vs. SPY - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNSOX and SPY. For additional features, visit the drawdowns tool.
Volatility
FNSOX vs. SPY - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Index Fund (FNSOX) is 0.62%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.51%. This indicates that FNSOX 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.