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.
Correlation
The correlation between FSAVX and SPY is 0.75, 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
Key characteristics
FSAVX:
0.31
SPY:
0.50
FSAVX:
0.58
SPY:
0.88
FSAVX:
1.07
SPY:
1.13
FSAVX:
0.22
SPY:
0.56
FSAVX:
1.22
SPY:
2.17
FSAVX:
5.35%
SPY:
4.85%
FSAVX:
22.57%
SPY:
20.02%
FSAVX:
-81.17%
SPY:
-55.19%
FSAVX:
-16.79%
SPY:
-7.65%
Returns By Period
In the year-to-date period, FSAVX achieves a 1.01% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, FSAVX has underperformed SPY with an annualized return of 2.61%, while SPY has yielded a comparatively higher 12.35% annualized return.
FSAVX
1.01%
7.41%
2.10%
6.86%
14.28%
2.61%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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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 Rank
FSAVX
SPY
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 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAVX Fidelity Select Automotive Portfolio | 0.84% | 0.85% | 0.86% | 0.71% | 0.45% | 0.02% | 1.34% | 1.29% | 0.53% | 1.47% | 7.10% | 26.08% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Fidelity Select Automotive Portfolio (FSAVX) is 6.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that FSAVX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.