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.
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.
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FSAEX vs. ^GSPC - Performance Comparison
Key characteristics
FSAEX:
1.09
^GSPC:
1.84
FSAEX:
1.46
^GSPC:
2.48
FSAEX:
1.21
^GSPC:
1.34
FSAEX:
0.78
^GSPC:
2.75
FSAEX:
5.65
^GSPC:
11.85
FSAEX:
2.89%
^GSPC:
1.97%
FSAEX:
15.00%
^GSPC:
12.65%
FSAEX:
-50.00%
^GSPC:
-56.78%
FSAEX:
-9.73%
^GSPC:
-3.43%
Returns By Period
Over the past 10 years, FSAEX has underperformed ^GSPC with an annualized return of 0.28%, while ^GSPC has yielded a comparatively higher 11.09% annualized return.
FSAEX
0.00%
-8.55%
0.72%
16.34%
4.75%
0.28%
^GSPC
0.00%
-2.50%
6.76%
23.31%
12.57%
11.09%
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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 6.95% compared to S&P 500 (^GSPC) at 4.15%. 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.
User Portfolios with FSAEX or ^GSPC
Recent discussions
Discrepancy between SPY and ^GSPC?
Hello, from the charts, SPY seems to be outperforming its benchmark ^GSPC. That looks strange. From my understanding, SPY is designed to closely track the S&P 500.
Could there be an error in the charts?
Hedge Cat
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Hello Dmitry,
Is it possible to add Monte-Carlo simulations to the list of available tools? Since Portfolioslab doesn't have it, I need to use some other Websites just to run Monte-Carlos of my portfolios. Thank you!
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