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:
2.69
SPY:
2.78
FSKAX:
3.57
SPY:
3.69
FSKAX:
1.49
SPY:
1.52
FSKAX:
3.95
SPY:
4.01
FSKAX:
17.18
SPY:
18.07
FSKAX:
1.98%
SPY:
1.87%
FSKAX:
12.64%
SPY:
12.15%
FSKAX:
-35.01%
SPY:
-55.19%
FSKAX:
-0.68%
SPY:
-0.51%
Returns By Period
The year-to-date returns for both investments are quite close, with FSKAX having a 28.04% return and SPY slightly higher at 28.42%. Over the past 10 years, FSKAX has underperformed SPY with an annualized return of 12.98%, while SPY has yielded a comparatively higher 13.68% annualized return.
FSKAX
28.04%
1.33%
14.72%
33.35%
15.26%
12.98%
SPY
28.42%
1.08%
13.60%
33.17%
15.80%
13.68%
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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 1.13%, less than SPY's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.13% | 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 | 1.16% | 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 2.41% compared to SPDR S&P 500 ETF (SPY) at 2.19%. 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.