FSGEX vs. SPY
Compare and contrast key facts about Fidelity Series Global ex U.S. Index Fund (FSGEX) and SPDR S&P 500 ETF (SPY).
FSGEX is managed by Fidelity. It was launched on Sep 29, 2009. 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: FSGEX or SPY.
Correlation
The correlation between FSGEX and SPY is 0.78, 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
FSGEX vs. SPY - Performance Comparison
Key characteristics
FSGEX:
0.86
SPY:
1.95
FSGEX:
1.25
SPY:
2.60
FSGEX:
1.16
SPY:
1.36
FSGEX:
1.07
SPY:
2.98
FSGEX:
2.76
SPY:
12.42
FSGEX:
3.80%
SPY:
2.02%
FSGEX:
12.17%
SPY:
12.88%
FSGEX:
-34.80%
SPY:
-55.19%
FSGEX:
-5.19%
SPY:
-1.30%
Returns By Period
In the year-to-date period, FSGEX achieves a 3.53% return, which is significantly higher than SPY's 2.68% return. Over the past 10 years, FSGEX has underperformed SPY with an annualized return of 5.48%, while SPY has yielded a comparatively higher 13.67% annualized return.
FSGEX
3.53%
3.38%
0.63%
10.25%
5.56%
5.48%
SPY
2.68%
2.31%
9.96%
24.17%
15.14%
13.67%
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FSGEX vs. SPY - Expense Ratio Comparison
FSGEX has a 0.01% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FSGEX vs. SPY — Risk-Adjusted Performance Rank
FSGEX
SPY
FSGEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Global ex U.S. Index Fund (FSGEX) 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
FSGEX vs. SPY - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 2.88%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.88% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.00% | 2.86% | 2.33% | 2.51% | 5.23% | 6.21% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSGEX vs. SPY - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.80%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSGEX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSGEX vs. SPY - Volatility Comparison
The current volatility for Fidelity Series Global ex U.S. Index Fund (FSGEX) is 3.20%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.23%. This indicates that FSGEX 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.