FSAEX vs. SPY
Compare and contrast key facts about Fidelity Series All-Sector Equity Fund (FSAEX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAEX or SPY.
Correlation
The correlation between FSAEX and SPY 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. SPY - Performance Comparison
Key characteristics
FSAEX:
1.08
SPY:
2.17
FSAEX:
1.44
SPY:
2.88
FSAEX:
1.21
SPY:
1.41
FSAEX:
0.77
SPY:
3.19
FSAEX:
6.35
SPY:
14.10
FSAEX:
2.53%
SPY:
1.90%
FSAEX:
14.94%
SPY:
12.39%
FSAEX:
-50.00%
SPY:
-55.19%
FSAEX:
-10.02%
SPY:
-3.19%
Returns By Period
In the year-to-date period, FSAEX achieves a 15.97% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, FSAEX has underperformed SPY with an annualized return of 0.18%, while SPY has yielded a comparatively higher 12.92% annualized return.
FSAEX
15.97%
-7.07%
0.81%
17.83%
4.93%
0.18%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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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%.
Risk-Adjusted Performance
FSAEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) 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
FSAEX vs. SPY - Dividend Comparison
FSAEX's dividend yield for the trailing twelve months is around 0.07%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | 0.07% | 1.27% | 1.48% | 1.18% | 1.45% | 1.75% | 2.58% | 1.49% | 1.50% | 3.89% | 11.83% | 10.21% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FSAEX vs. SPY - Drawdown Comparison
The maximum FSAEX drawdown since its inception was -50.00%, 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. For additional features, visit the drawdowns tool.
Volatility
FSAEX vs. SPY - Volatility Comparison
Fidelity Series All-Sector Equity Fund (FSAEX) has a higher volatility of 6.71% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that FSAEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.