FSCRX vs. SPY
Compare and contrast key facts about Fidelity Small Cap Discovery Fund (FSCRX) and SPDR S&P 500 ETF (SPY).
FSCRX is managed by Fidelity. It was launched on Sep 26, 2000. 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: FSCRX or SPY.
Correlation
The correlation between FSCRX and SPY is 0.83, 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
FSCRX vs. SPY - Performance Comparison
Key characteristics
FSCRX:
-0.80
SPY:
1.30
FSCRX:
-0.97
SPY:
1.77
FSCRX:
0.87
SPY:
1.24
FSCRX:
-0.58
SPY:
2.00
FSCRX:
-1.55
SPY:
7.99
FSCRX:
10.10%
SPY:
2.10%
FSCRX:
19.69%
SPY:
12.95%
FSCRX:
-61.11%
SPY:
-55.19%
FSCRX:
-27.22%
SPY:
-4.76%
Returns By Period
In the year-to-date period, FSCRX achieves a -4.06% return, which is significantly lower than SPY's -0.39% return. Over the past 10 years, FSCRX has underperformed SPY with an annualized return of -1.55%, while SPY has yielded a comparatively higher 12.89% annualized return.
FSCRX
-4.06%
-8.42%
-12.14%
-16.92%
2.61%
-1.55%
SPY
-0.39%
-3.00%
4.23%
15.29%
15.08%
12.89%
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FSCRX vs. SPY - Expense Ratio Comparison
FSCRX has a 0.98% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSCRX vs. SPY — Risk-Adjusted Performance Rank
FSCRX
SPY
FSCRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Discovery Fund (FSCRX) 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
FSCRX vs. SPY - Dividend Comparison
FSCRX's dividend yield for the trailing twelve months is around 0.24%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCRX Fidelity Small Cap Discovery Fund | 0.24% | 0.23% | 0.11% | 0.19% | 0.09% | 0.40% | 0.80% | 1.14% | 0.63% | 0.44% | 7.89% | 0.28% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSCRX vs. SPY - Drawdown Comparison
The maximum FSCRX drawdown since its inception was -61.11%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSCRX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSCRX vs. SPY - Volatility Comparison
Fidelity Small Cap Discovery Fund (FSCRX) has a higher volatility of 4.57% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that FSCRX'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.