FSLBX vs. SPY
Compare and contrast key facts about Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and SPDR S&P 500 ETF (SPY).
FSLBX is managed by Fidelity. It was launched on Jul 29, 1985. 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: FSLBX or SPY.
Key characteristics
FSLBX | SPY | |
---|---|---|
YTD Return | 19.68% | 18.86% |
1Y Return | 36.93% | 28.13% |
3Y Return (Ann) | 10.25% | 9.87% |
5Y Return (Ann) | 18.94% | 15.23% |
10Y Return (Ann) | 12.05% | 12.80% |
Sharpe Ratio | 2.18 | 2.21 |
Daily Std Dev | 16.66% | 12.60% |
Max Drawdown | -67.50% | -55.19% |
Current Drawdown | -0.01% | -0.61% |
Correlation
The correlation between FSLBX and SPY is 0.79, 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
FSLBX vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSLBX having a 19.68% return and SPY slightly lower at 18.86%. Over the past 10 years, FSLBX has underperformed SPY with an annualized return of 12.05%, while SPY has yielded a comparatively higher 12.80% 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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FSLBX vs. SPY - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSLBX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) 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
FSLBX vs. SPY - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 1.05%, more than SPY's 0.94% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity Select Brokerage & Invmt Mgmt Portfolio | 1.05% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 9.24% | 6.96% | 1.25% | 6.51% | 3.52% | 0.54% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FSLBX vs. SPY - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -67.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSLBX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSLBX vs. SPY - Volatility Comparison
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a higher volatility of 4.42% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that FSLBX'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.