FSDIX vs. SPY
Compare and contrast key facts about Fidelity Strategic Dividend & Income Fund (FSDIX) and SPDR S&P 500 ETF (SPY).
FSDIX is managed by Fidelity. It was launched on Dec 23, 2003. 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: FSDIX or SPY.
Correlation
The correlation between FSDIX and SPY is 0.91, 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
FSDIX vs. SPY - Performance Comparison
Key characteristics
FSDIX:
0.66
SPY:
0.51
FSDIX:
0.98
SPY:
0.86
FSDIX:
1.14
SPY:
1.13
FSDIX:
0.64
SPY:
0.55
FSDIX:
2.58
SPY:
2.26
FSDIX:
3.07%
SPY:
4.55%
FSDIX:
12.07%
SPY:
20.08%
FSDIX:
-58.56%
SPY:
-55.19%
FSDIX:
-6.09%
SPY:
-9.89%
Returns By Period
In the year-to-date period, FSDIX achieves a -0.87% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, FSDIX has underperformed SPY with an annualized return of 7.37%, while SPY has yielded a comparatively higher 12.04% annualized return.
FSDIX
-0.87%
-2.55%
-3.14%
8.13%
9.82%
7.37%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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FSDIX vs. SPY - Expense Ratio Comparison
FSDIX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSDIX vs. SPY — Risk-Adjusted Performance Rank
FSDIX
SPY
FSDIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Dividend & Income Fund (FSDIX) 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
FSDIX vs. SPY - Dividend Comparison
FSDIX's dividend yield for the trailing twelve months is around 5.39%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSDIX Fidelity Strategic Dividend & Income Fund | 5.39% | 5.27% | 5.71% | 4.23% | 8.43% | 5.67% | 6.68% | 8.19% | 7.41% | 4.92% | 4.39% | 9.15% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSDIX vs. SPY - Drawdown Comparison
The maximum FSDIX drawdown since its inception was -58.56%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSDIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSDIX vs. SPY - Volatility Comparison
The current volatility for Fidelity Strategic Dividend & Income Fund (FSDIX) is 8.73%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that FSDIX 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.