FSAVX vs. SPY
Compare and contrast key facts about Fidelity Select Automotive Portfolio (FSAVX) and SPDR S&P 500 ETF (SPY).
FSAVX is managed by Fidelity Investments. It was launched on Jun 29, 1986. 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: FSAVX or SPY.
Key characteristics
| FSAVX | SPY | |
|---|---|---|
| YTD Return | -1.42% | 18.86% |
| 1Y Return | -0.45% | 28.13% |
| 3Y Return (Ann) | -2.52% | 9.87% |
| 5Y Return (Ann) | 13.94% | 15.23% |
| 10Y Return (Ann) | 8.80% | 12.80% |
| Sharpe Ratio | -0.01 | 2.21 |
| Daily Std Dev | 18.90% | 12.60% |
| Max Drawdown | -81.17% | -55.19% |
| Current Drawdown | -21.93% | -0.61% |
Correlation
The correlation between FSAVX and SPY is 0.73, 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
FSAVX vs. SPY - Performance Comparison
In the year-to-date period, FSAVX achieves a -1.42% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, FSAVX has underperformed SPY with an annualized return of 8.80%, while SPY has yielded a comparatively higher 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSAVX vs. SPY - Expense Ratio Comparison
FSAVX has a 0.88% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSAVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Automotive Portfolio (FSAVX) 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.
Dividends
FSAVX vs. SPY - Dividend Comparison
FSAVX's dividend yield for the trailing twelve months is around 0.84%, less than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAVX Fidelity Select Automotive Portfolio | 0.84% | 0.86% | 2.61% | 2.58% | 8.57% | 4.08% | 8.17% | 15.51% | 7.13% | 16.22% | 26.08% | 1.83% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FSAVX vs. SPY - Drawdown Comparison
The maximum FSAVX drawdown since its inception was -81.17%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSAVX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSAVX vs. SPY - Volatility Comparison
Fidelity Select Automotive Portfolio (FSAVX) has a higher volatility of 5.44% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that FSAVX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.