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:
-0.45
SPY:
2.21
FSCRX:
-0.48
SPY:
2.93
FSCRX:
0.93
SPY:
1.41
FSCRX:
-0.37
SPY:
3.26
FSCRX:
-1.10
SPY:
14.40
FSCRX:
8.19%
SPY:
1.90%
FSCRX:
19.90%
SPY:
12.44%
FSCRX:
-61.11%
SPY:
-55.19%
FSCRX:
-23.93%
SPY:
-1.83%
Returns By Period
In the year-to-date period, FSCRX achieves a -8.80% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, FSCRX has underperformed SPY with an annualized return of -1.11%, while SPY has yielded a comparatively higher 13.04% annualized return.
FSCRX
-8.80%
-9.98%
-1.46%
-8.97%
1.06%
-1.11%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCRX Fidelity Small Cap Discovery Fund | 0.00% | 0.11% | 0.19% | 0.09% | 0.40% | 0.80% | 1.14% | 0.63% | 0.44% | 7.89% | 0.28% | 0.11% |
SPY SPDR S&P 500 ETF | 1.19% | 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 -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 6.20% compared to SPDR S&P 500 ETF (SPY) at 3.81%. 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.