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FSAEX vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.01.0

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Performance

FSAEX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series All-Sector Equity Fund (FSAEX) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember
0.24%
6.22%
FSAEX
^GSPC

Key characteristics

Sharpe Ratio

FSAEX:

1.09

^GSPC:

1.84

Sortino Ratio

FSAEX:

1.46

^GSPC:

2.48

Omega Ratio

FSAEX:

1.21

^GSPC:

1.34

Calmar Ratio

FSAEX:

0.78

^GSPC:

2.75

Martin Ratio

FSAEX:

5.65

^GSPC:

11.85

Ulcer Index

FSAEX:

2.89%

^GSPC:

1.97%

Daily Std Dev

FSAEX:

15.00%

^GSPC:

12.65%

Max Drawdown

FSAEX:

-50.00%

^GSPC:

-56.78%

Current Drawdown

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

YTD

0.00%

1M

-8.55%

6M

0.72%

1Y

16.34%

5Y*

4.75%

10Y*

0.28%

^GSPC

YTD

0.00%

1M

-2.50%

6M

6.76%

1Y

23.31%

5Y*

12.57%

10Y*

11.09%

*Annualized

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S&P 500

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.


The chart of Sharpe ratio for FSAEX, currently valued at 1.09, compared to the broader market-1.000.001.002.003.001.091.84
The chart of Sortino ratio for FSAEX, currently valued at 1.46, compared to the broader market-2.000.002.004.006.008.001.462.48
The chart of Omega ratio for FSAEX, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.34
The chart of Calmar ratio for FSAEX, currently valued at 0.78, compared to the broader market0.002.004.006.008.0010.000.782.75
The chart of Martin ratio for FSAEX, currently valued at 5.65, compared to the broader market0.0010.0020.0030.0040.0050.005.6511.85
FSAEX
^GSPC

The current FSAEX Sharpe Ratio is 1.09, which is lower than the ^GSPC Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FSAEX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50AugustSeptemberOctoberNovemberDecember
1.09
1.84
FSAEX
^GSPC

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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember
-9.73%
-3.43%
FSAEX
^GSPC

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.


2.00%3.00%4.00%5.00%6.00%7.00%AugustSeptemberOctoberNovemberDecember
6.95%
4.15%
FSAEX
^GSPC

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