FSLCX vs. SPY
Compare and contrast key facts about Fidelity Small Cap Stock Fund (FSLCX) and State Street SPDR S&P 500 ETF (SPY).
FSLCX is managed by Fidelity. It was launched on Mar 12, 1998. 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.
Performance
FSLCX vs. SPY - Performance Comparison
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FSLCX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLCX Fidelity Small Cap Stock Fund | -5.26% | 14.95% | 9.27% | 19.70% | -22.71% | 20.26% | 13.80% | 29.46% | -11.70% | 13.78% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FSLCX achieves a -5.26% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, FSLCX has underperformed SPY with an annualized return of 8.19%, while SPY has yielded a comparatively higher 13.98% annualized return.
FSLCX
- 1D
- -1.30%
- 1M
- -9.01%
- YTD
- -5.26%
- 6M
- -3.52%
- 1Y
- 15.27%
- 3Y*
- 11.24%
- 5Y*
- 3.71%
- 10Y*
- 8.19%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FSLCX vs. SPY - Expense Ratio Comparison
FSLCX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FSLCX vs. SPY — Risk / Return Rank
FSLCX
SPY
FSLCX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Stock Fund (FSLCX) and State Street 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.
| FSLCX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.93 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.45 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.53 | -0.47 |
Martin ratioReturn relative to average drawdown | 3.52 | 7.30 | -3.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSLCX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.93 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.69 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.78 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.56 | -0.18 |
Correlation
The correlation between FSLCX and SPY is 0.82, 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.
Dividends
FSLCX vs. SPY - Dividend Comparison
FSLCX's dividend yield for the trailing twelve months is around 15.74%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLCX Fidelity Small Cap Stock Fund | 15.74% | 14.91% | 1.86% | 0.02% | 7.91% | 22.97% | 0.00% | 0.31% | 26.25% | 8.92% | 3.85% | 10.97% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FSLCX vs. SPY - Drawdown Comparison
The maximum FSLCX drawdown since its inception was -61.22%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSLCX and SPY.
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Drawdown Indicators
| FSLCX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.22% | -55.19% | -6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -12.05% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -30.04% | -24.50% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -45.42% | -33.72% | -11.70% |
Current DrawdownCurrent decline from peak | -12.51% | -6.24% | -6.27% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -9.09% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 2.52% | +1.22% |
Volatility
FSLCX vs. SPY - Volatility Comparison
Fidelity Small Cap Stock Fund (FSLCX) has a higher volatility of 6.33% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that FSLCX'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.
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Volatility by Period
| FSLCX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 5.31% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 9.47% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 19.05% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 17.06% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 17.92% | +3.18% |