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.
Performance
FSAVX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FSAVX achieves a 3.97% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, FSAVX has underperformed SPY with an annualized return of 3.44%, while SPY has yielded a comparatively higher 13.04% annualized return.
FSAVX
3.97%
3.44%
3.84%
9.97%
8.72%
3.44%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| FSAVX | SPY | |
|---|---|---|
| Sharpe Ratio | 0.53 | 2.64 |
| Sortino Ratio | 0.85 | 3.53 |
| Omega Ratio | 1.10 | 1.49 |
| Calmar Ratio | 0.33 | 3.81 |
| Martin Ratio | 1.48 | 17.21 |
| Ulcer Index | 6.56% | 1.86% |
| Daily Std Dev | 18.37% | 12.15% |
| Max Drawdown | -81.17% | -55.19% |
| Current Drawdown | -19.31% | -2.17% |
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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.
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.
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 0.80%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAVX Fidelity Select Automotive Portfolio | 0.80% | 0.86% | 0.71% | 0.45% | 0.02% | 1.34% | 1.29% | 0.53% | 1.47% | 7.10% | 26.08% | 1.83% |
SPY SPDR S&P 500 ETF | 1.20% | 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 6.05% compared to SPDR S&P 500 ETF (SPY) at 4.08%. 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.