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:
-0.23
^GSPC:
-0.17
FSAEX:
-0.19
^GSPC:
-0.11
FSAEX:
0.97
^GSPC:
0.98
FSAEX:
-0.20
^GSPC:
-0.15
FSAEX:
-0.65
^GSPC:
-0.79
FSAEX:
5.85%
^GSPC:
3.36%
FSAEX:
16.83%
^GSPC:
15.95%
FSAEX:
-50.00%
^GSPC:
-56.78%
FSAEX:
-18.93%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, FSAEX achieves a -11.13% return, which is significantly higher than ^GSPC's -13.73% return. Over the past 10 years, FSAEX has underperformed ^GSPC with an annualized return of -1.13%, while ^GSPC has yielded a comparatively higher 9.37% annualized return.
FSAEX
-11.13%
-8.57%
-12.22%
-4.13%
9.67%
-1.13%
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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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
The current volatility for Fidelity Series All-Sector Equity Fund (FSAEX) is 7.84%, while S&P 500 (^GSPC) has a volatility of 9.30%. This indicates that FSAEX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.