FSAEX vs. ^GSPC
Compare and contrast key facts about Fidelity Series All-Sector Equity Fund (FSAEX) and S&P 500 (^GSPC).
FSAEX is managed by Fidelity. It was launched on Oct 17, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAEX or ^GSPC.
Key characteristics
| FSAEX | ^GSPC | |
|---|---|---|
| YTD Return | 25.72% | 25.48% |
| 1Y Return | 28.62% | 33.14% |
| 3Y Return (Ann) | 0.54% | 8.55% |
| 5Y Return (Ann) | 6.25% | 13.96% |
| 10Y Return (Ann) | 1.09% | 11.39% |
| Sharpe Ratio | 2.23 | 2.91 |
| Sortino Ratio | 2.92 | 3.88 |
| Omega Ratio | 1.42 | 1.55 |
| Calmar Ratio | 1.39 | 4.20 |
| Martin Ratio | 14.23 | 18.80 |
| Ulcer Index | 2.18% | 1.90% |
| Daily Std Dev | 13.94% | 12.27% |
| Max Drawdown | -50.00% | -56.78% |
| Current Drawdown | -0.37% | -0.27% |
Correlation
The correlation between FSAEX and ^GSPC is 0.97, 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
FSAEX vs. ^GSPC - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSAEX having a 25.72% return and ^GSPC slightly lower at 25.48%. Over the past 10 years, FSAEX has underperformed ^GSPC with an annualized return of 1.09%, while ^GSPC has yielded a comparatively higher 11.39% annualized 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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Risk-Adjusted Performance
FSAEX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) and S&P 500 (^GSPC). 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.
Drawdowns
FSAEX vs. ^GSPC - Drawdown Comparison
The maximum FSAEX drawdown since its inception was -50.00%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FSAEX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FSAEX vs. ^GSPC - Volatility Comparison
Fidelity Series All-Sector Equity Fund (FSAEX) has a higher volatility of 4.02% compared to S&P 500 (^GSPC) at 3.75%. This indicates that FSAEX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.