FSHNX vs. SPHY
Compare and contrast key facts about Fidelity Series High Income Fund (FSHNX) and SPDR Portfolio High Yield Bond ETF (SPHY).
FSHNX is managed by Fidelity. It was launched on Mar 10, 2011. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHNX or SPHY.
Correlation
The correlation between FSHNX and SPHY is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSHNX vs. SPHY - Performance Comparison
Key characteristics
FSHNX:
2.64
SPHY:
1.85
FSHNX:
3.99
SPHY:
2.66
FSHNX:
1.59
SPHY:
1.34
FSHNX:
4.70
SPHY:
3.42
FSHNX:
16.52
SPHY:
13.61
FSHNX:
0.51%
SPHY:
0.57%
FSHNX:
3.14%
SPHY:
4.21%
FSHNX:
-21.98%
SPHY:
-21.97%
FSHNX:
-1.60%
SPHY:
-0.98%
Returns By Period
The year-to-date returns for both investments are quite close, with FSHNX having a 8.44% return and SPHY slightly higher at 8.46%. Over the past 10 years, FSHNX has outperformed SPHY with an annualized return of 4.94%, while SPHY has yielded a comparatively lower 4.55% annualized return.
FSHNX
8.44%
-1.15%
4.98%
8.44%
3.77%
4.94%
SPHY
8.46%
-0.58%
5.58%
8.18%
4.31%
4.55%
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FSHNX vs. SPHY - Expense Ratio Comparison
FSHNX has a 0.00% expense ratio, which is lower than SPHY's 0.10% 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
FSHNX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series High Income Fund (FSHNX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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
FSHNX vs. SPHY - Dividend Comparison
FSHNX's dividend yield for the trailing twelve months is around 5.65%, less than SPHY's 7.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 5.65% | 6.20% | 6.34% | 5.39% | 5.58% | 6.32% | 6.96% | 6.04% | 5.61% | 7.04% | 9.19% | 5.24% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.81% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
FSHNX vs. SPHY - Drawdown Comparison
The maximum FSHNX drawdown since its inception was -21.98%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for FSHNX and SPHY. For additional features, visit the drawdowns tool.
Volatility
FSHNX vs. SPHY - Volatility Comparison
The current volatility for Fidelity Series High Income Fund (FSHNX) is 0.83%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.49%. This indicates that FSHNX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.