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.
Key characteristics
| FSKAX | SPY | |
|---|---|---|
| YTD Return | 23.69% | 24.40% |
| 1Y Return | 32.46% | 31.86% |
| 3Y Return (Ann) | 7.86% | 9.29% |
| 5Y Return (Ann) | 14.64% | 15.23% |
| 10Y Return (Ann) | 12.31% | 13.04% |
| Sharpe Ratio | 2.57 | 2.64 |
| Sortino Ratio | 3.44 | 3.53 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 3.77 | 3.81 |
| Martin Ratio | 16.47 | 17.21 |
| Ulcer Index | 1.97% | 1.86% |
| Daily Std Dev | 12.62% | 12.15% |
| Max Drawdown | -35.01% | -55.19% |
| Current Drawdown | -2.41% | -2.17% |
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
The year-to-date returns for both investments are quite close, with FSKAX having a 23.69% return and SPY slightly higher at 24.40%. Over the past 10 years, FSKAX has underperformed SPY with an annualized return of 12.31%, while SPY has yielded a comparatively higher 13.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.17%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.17% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Fidelity Total Market Index Fund (FSKAX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.27% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.