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.
Key characteristics
| FSCRX | SPY | |
|---|---|---|
| YTD Return | 3.90% | 23.18% |
| 1Y Return | 26.00% | 40.57% |
| 3Y Return (Ann) | 2.78% | 9.72% |
| 5Y Return (Ann) | 9.62% | 15.45% |
| 10Y Return (Ann) | 7.87% | 13.15% |
| Sharpe Ratio | 1.55 | 3.45 |
| Sortino Ratio | 2.24 | 4.57 |
| Omega Ratio | 1.27 | 1.65 |
| Calmar Ratio | 1.57 | 4.12 |
| Martin Ratio | 6.87 | 22.62 |
| Ulcer Index | 4.02% | 1.83% |
| Daily Std Dev | 17.83% | 12.01% |
| Max Drawdown | -56.31% | -55.19% |
| Current Drawdown | -4.47% | -0.78% |
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
In the year-to-date period, FSCRX achieves a 3.90% return, which is significantly lower than SPY's 23.18% return. Over the past 10 years, FSCRX has underperformed SPY with an annualized return of 7.87%, while SPY has yielded a comparatively higher 13.15% 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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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 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 10.95%, more than SPY's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCRX Fidelity Small Cap Discovery Fund | 10.95% | 4.44% | 11.56% | 6.12% | 2.79% | 7.46% | 35.76% | 13.90% | 0.44% | 7.89% | 10.82% | 5.88% |
SPY SPDR S&P 500 ETF | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FSCRX vs. SPY - Drawdown Comparison
The maximum FSCRX drawdown since its inception was -56.31%, roughly equal to the maximum SPY 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 3.65% compared to SPDR S&P 500 ETF (SPY) at 2.51%. 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.