FSAEX vs. SPY
Compare and contrast key facts about Fidelity Series All-Sector Equity Fund (FSAEX) and State Street SPDR S&P 500 ETF (SPY).
FSAEX is managed by Fidelity. It was launched on Oct 17, 2008. 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.
Performance
FSAEX vs. SPY - Performance Comparison
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FSAEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | -8.21% | 19.80% | 26.86% | 30.61% | -18.55% | 26.89% | 26.23% | 32.18% | -6.56% | 21.64% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FSAEX achieves a -8.21% return, which is significantly lower than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with FSAEX having a 14.62% annualized return and SPY not far behind at 13.98%.
FSAEX
- 1D
- -0.56%
- 1M
- -8.01%
- YTD
- -8.21%
- 6M
- -6.24%
- 1Y
- 16.80%
- 3Y*
- 18.69%
- 5Y*
- 11.91%
- 10Y*
- 14.62%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FSAEX vs. SPY - Expense Ratio Comparison
FSAEX has a 0.00% 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%.
Return for Risk
FSAEX vs. SPY — Risk / Return Rank
FSAEX
SPY
FSAEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) and State Street 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.
| FSAEX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.93 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.45 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.53 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.64 | 7.30 | -1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSAEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.93 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.69 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.78 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.56 | +0.11 |
Correlation
The correlation between FSAEX and SPY 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.
Dividends
FSAEX vs. SPY - Dividend Comparison
FSAEX's dividend yield for the trailing twelve months is around 9.12%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | 9.12% | 7.36% | 8.95% | 5.50% | 11.89% | 20.94% | 12.13% | 8.60% | 41.30% | 14.60% | 17.85% | 9.61% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FSAEX vs. SPY - Drawdown Comparison
The maximum FSAEX drawdown since its inception was -34.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSAEX and SPY.
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Drawdown Indicators
| FSAEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -55.19% | +20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -12.05% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -24.50% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -33.72% | -0.83% |
Current DrawdownCurrent decline from peak | -9.83% | -6.24% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -9.09% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.52% | +0.12% |
Volatility
FSAEX vs. SPY - Volatility Comparison
The current volatility for Fidelity Series All-Sector Equity Fund (FSAEX) is 4.62%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FSAEX 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.
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Volatility by Period
| FSAEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 5.31% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 9.47% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 19.05% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 17.06% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 17.92% | +0.84% |