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 0.90, 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:
-0.17
SPY:
-0.09
FSDIX:
-0.14
SPY:
-0.02
FSDIX:
0.98
SPY:
1.00
FSDIX:
-0.14
SPY:
-0.09
FSDIX:
-0.53
SPY:
-0.45
FSDIX:
3.50%
SPY:
3.31%
FSDIX:
10.84%
SPY:
15.87%
FSDIX:
-58.56%
SPY:
-55.19%
FSDIX:
-13.00%
SPY:
-17.32%
Returns By Period
In the year-to-date period, FSDIX achieves a -5.71% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, FSDIX has underperformed SPY with an annualized return of 3.50%, while SPY has yielded a comparatively higher 11.25% annualized return.
FSDIX
-5.71%
-8.43%
-10.52%
-1.31%
7.80%
3.50%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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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 2.73%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSDIX Fidelity Strategic Dividend & Income Fund | 2.31% | 2.57% | 2.81% | 2.65% | 2.23% | 2.65% | 2.17% | 3.36% | 2.71% | 2.78% | 4.39% | 9.15% |
SPY SPDR S&P 500 ETF | 1.42% | 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 6.45%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. 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.