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.
Performance
FSAEX vs. ^GSPC - Performance Comparison
Key characteristics
FSAEX:
0.90
^GSPC:
1.62
FSAEX:
1.23
^GSPC:
2.20
FSAEX:
1.17
^GSPC:
1.30
FSAEX:
0.82
^GSPC:
2.46
FSAEX:
3.71
^GSPC:
10.01
FSAEX:
3.64%
^GSPC:
2.08%
FSAEX:
15.10%
^GSPC:
12.88%
FSAEX:
-50.00%
^GSPC:
-56.78%
FSAEX:
-7.02%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FSAEX achieves a 1.92% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, FSAEX has underperformed ^GSPC with an annualized return of 0.19%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
FSAEX
1.92%
-2.22%
2.27%
10.87%
4.66%
0.19%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
FSAEX vs. ^GSPC — Risk-Adjusted Performance Rank
FSAEX
^GSPC
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 4.31% compared to S&P 500 (^GSPC) at 3.43%. 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.