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:
1.90
SPY:
2.03
FSKAX:
2.54
SPY:
2.71
FSKAX:
1.35
SPY:
1.38
FSKAX:
2.87
SPY:
3.02
FSKAX:
12.38
SPY:
13.49
FSKAX:
2.00%
SPY:
1.88%
FSKAX:
12.99%
SPY:
12.48%
FSKAX:
-35.01%
SPY:
-55.19%
FSKAX:
-4.05%
SPY:
-3.54%
Returns By Period
The year-to-date returns for both investments are quite close, with FSKAX having a 23.70% return and SPY slightly higher at 24.51%. Both investments have delivered pretty close results over the past 10 years, with FSKAX having a 12.34% annualized return and SPY not far ahead at 12.94%.
FSKAX
23.70%
-0.40%
8.56%
23.81%
13.88%
12.34%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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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 0.18%, less than SPY's 0.87% 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% |
SPY SPDR S&P 500 ETF | 0.87% | 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) has a higher volatility of 3.92% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that FSKAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.