FSKAX vs. SPY
Compare and contrast key facts about Fidelity Total Market Index Fund (FSKAX) and SPDR S&P 500 ETF (SPY).
FSKAX is managed by Fidelity. 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: FSKAX or SPY.
Correlation
The correlation between FSKAX and SPY 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. SPY - Performance Comparison
Key characteristics
FSKAX:
0.51
SPY:
0.54
FSKAX:
0.84
SPY:
0.89
FSKAX:
1.12
SPY:
1.13
FSKAX:
0.52
SPY:
0.58
FSKAX:
2.13
SPY:
2.39
FSKAX:
4.75%
SPY:
4.51%
FSKAX:
19.80%
SPY:
20.07%
FSKAX:
-35.01%
SPY:
-55.19%
FSKAX:
-11.09%
SPY:
-10.54%
Returns By Period
In the year-to-date period, FSKAX achieves a -6.95% return, which is significantly lower than SPY's -6.44% return. Over the past 10 years, FSKAX has underperformed SPY with an annualized return of 11.05%, while SPY has yielded a comparatively higher 11.95% annualized return.
FSKAX
-6.95%
-5.21%
-5.30%
8.74%
15.45%
11.05%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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FSKAX vs. SPY - Expense Ratio Comparison
FSKAX has a 0.02% 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
FSKAX vs. SPY — Risk-Adjusted Performance Rank
FSKAX
SPY
FSKAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) 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
FSKAX vs. SPY - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 1.10%, less than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.10% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSKAX vs. SPY - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSKAX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSKAX vs. SPY - Volatility Comparison
The current volatility for Fidelity Total Market Index Fund (FSKAX) is 14.36%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that FSKAX 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.