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.
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.
Performance
FSDIX vs. SPY - Performance Comparison
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Key characteristics
FSDIX:
0.86
SPY:
0.67
FSDIX:
1.09
SPY:
1.03
FSDIX:
1.15
SPY:
1.15
FSDIX:
0.72
SPY:
0.69
FSDIX:
2.72
SPY:
2.61
FSDIX:
3.29%
SPY:
4.92%
FSDIX:
12.28%
SPY:
20.44%
FSDIX:
-58.82%
SPY:
-55.19%
FSDIX:
-3.04%
SPY:
-3.44%
Returns By Period
In the year-to-date period, FSDIX achieves a 2.35% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, FSDIX has underperformed SPY with an annualized return of 7.94%, while SPY has yielded a comparatively higher 12.73% annualized return.
FSDIX
2.35%
2.51%
-2.93%
10.49%
6.33%
9.79%
7.94%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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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.
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Dividends
FSDIX vs. SPY - Dividend Comparison
FSDIX's dividend yield for the trailing twelve months is around 5.22%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSDIX Fidelity Strategic Dividend & Income Fund | 5.22% | 5.27% | 5.71% | 4.23% | 8.43% | 5.67% | 6.68% | 8.19% | 7.41% | 4.92% | 6.38% | 8.29% |
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
FSDIX vs. SPY - Drawdown Comparison
The maximum FSDIX drawdown since its inception was -58.82%, 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.
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Volatility
FSDIX vs. SPY - Volatility Comparison
The current volatility for Fidelity Strategic Dividend & Income Fund (FSDIX) is 3.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. 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.
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