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
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Key characteristics
FSAEX:
0.30
SPY:
0.69
FSAEX:
0.63
SPY:
1.17
FSAEX:
1.09
SPY:
1.18
FSAEX:
0.30
SPY:
0.80
FSAEX:
0.90
SPY:
3.08
FSAEX:
8.24%
SPY:
4.88%
FSAEX:
21.18%
SPY:
20.26%
FSAEX:
-50.00%
SPY:
-55.19%
FSAEX:
-8.35%
SPY:
-2.76%
Returns By Period
In the year-to-date period, FSAEX achieves a 0.46% return, which is significantly lower than SPY's 1.69% return. Over the past 10 years, FSAEX has underperformed SPY with an annualized return of -0.11%, while SPY has yielded a comparatively higher 12.77% annualized return.
FSAEX
0.46%
14.90%
-4.28%
6.37%
8.69%
-0.11%
SPY
1.69%
13.04%
2.09%
13.82%
17.47%
12.77%
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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 Rank
FSAEX
SPY
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.
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Dividends
FSAEX vs. SPY - Dividend Comparison
FSAEX's dividend yield for the trailing twelve months is around 1.20%, which matches SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | 1.20% | 1.22% | 1.27% | 1.48% | 1.18% | 1.45% | 1.75% | 2.58% | 1.49% | 1.50% | 3.89% | 11.83% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
FSAEX vs. SPY - Volatility Comparison
Fidelity Series All-Sector Equity Fund (FSAEX) and SPDR S&P 500 ETF (SPY) have volatilities of 5.51% and 5.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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