FSKAX vs. IVV
Compare and contrast key facts about Fidelity Total Market Index Fund (FSKAX) and iShares Core S&P 500 ETF (IVV).
FSKAX is managed by Fidelity. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSKAX or IVV.
Correlation
The correlation between FSKAX and IVV is 0.99, 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
FSKAX vs. IVV - Performance Comparison
Key characteristics
FSKAX:
1.90
IVV:
2.04
FSKAX:
2.54
IVV:
2.72
FSKAX:
1.35
IVV:
1.38
FSKAX:
2.87
IVV:
3.03
FSKAX:
12.38
IVV:
13.54
FSKAX:
2.00%
IVV:
1.88%
FSKAX:
12.99%
IVV:
12.49%
FSKAX:
-35.01%
IVV:
-55.25%
FSKAX:
-4.05%
IVV:
-3.52%
Returns By Period
The year-to-date returns for both investments are quite close, with FSKAX having a 23.70% return and IVV slightly higher at 24.63%. Over the past 10 years, FSKAX has underperformed IVV with an annualized return of 12.34%, while IVV has yielded a comparatively higher 13.00% annualized return.
FSKAX
23.70%
-0.40%
8.56%
23.81%
13.88%
12.34%
IVV
24.63%
-0.30%
7.64%
24.80%
14.56%
13.00%
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FSKAX vs. IVV - Expense Ratio Comparison
FSKAX has a 0.02% expense ratio, which is lower than IVV's 0.03% 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
FSKAX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) and iShares Core S&P 500 ETF (IVV). 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
FSKAX vs. IVV - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 0.18%, less than IVV's 1.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.18% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
IVV iShares Core S&P 500 ETF | 1.63% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
FSKAX vs. IVV - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FSKAX and IVV. For additional features, visit the drawdowns tool.
Volatility
FSKAX vs. IVV - Volatility Comparison
Fidelity Total Market Index Fund (FSKAX) has a higher volatility of 3.92% compared to iShares Core S&P 500 ETF (IVV) at 3.60%. This indicates that FSKAX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.