FSAEX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Series All-Sector Equity Fund (FSAEX) and S&P 500 Index (^GSPC).

FSAEX is managed by Fidelity. It was launched on Oct 17, 2008.

Performance

FSAEX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series All-Sector Equity Fund (FSAEX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FSAEX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSAEX Fidelity Series All-Sector Equity Fund	-5.26%	19.80%	26.86%	30.61%	-18.55%	26.89%	26.23%	32.18%	-6.56%	21.64%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FSAEX achieves a -5.26% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, FSAEX has outperformed ^GSPC with an annualized return of 14.98%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

FSAEX

• 1D: 3.21%
• 1M: -5.33%
• YTD: -5.26%
• 6M: -3.43%
• 1Y: 19.82%
• 3Y*: 19.95%
• 5Y*: 12.30%
• 10Y*: 14.98%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FSAEX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSAEX

FSAEX Risk / Return Rank: 66
FSAEX Sharpe Ratio Rank: 56
FSAEX Sortino Ratio Rank: 61
FSAEX Omega Ratio Rank: 62
FSAEX Calmar Ratio Rank: 71
FSAEX Martin Ratio Rank: 77

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSAEX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) and S&P 500 Index (^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.

	FSAEX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.09	0.92	+0.18
Sortino ratio Return per unit of downside risk	1.65	1.41	+0.23
Omega ratio Gain probability vs. loss probability	1.25	1.21	+0.03
Calmar ratio Return relative to maximum drawdown	1.75	1.41	+0.34
Martin ratio Return relative to average drawdown	7.87	6.61	+1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSAEX vs. ^GSPC - Sharpe Ratio Comparison

The current FSAEX Sharpe Ratio is 1.09, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FSAEX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSAEX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	0.92	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.61	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.68	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.46	+0.23

Correlation

The correlation between FSAEX and ^GSPC is 0.98, 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.

Drawdowns

FSAEX vs. ^GSPC - Drawdown Comparison

The maximum FSAEX drawdown since its inception was -34.55%, 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.

Drawdown Indicators

	FSAEX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-34.55%	-56.78%	+22.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.03%	-12.14%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-24.66%	-25.43%	+0.77%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-33.92%	-0.63%
Current Drawdown Current decline from peak	-6.93%	-5.78%	-1.15%
Average Drawdown Average peak-to-trough decline	-4.59%	-10.75%	+6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.60%	+0.08%

Volatility

FSAEX vs. ^GSPC - Volatility Comparison

Fidelity Series All-Sector Equity Fund (FSAEX) has a higher volatility of 5.81% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	FSAEX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	5.37%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	9.55%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	18.33%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	16.90%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	18.05%	+0.74%