FSLSX vs. SPY
Compare and contrast key facts about Fidelity Value Strategies Fund (FSLSX) and SPDR S&P 500 ETF (SPY).
FSLSX is managed by Fidelity. It was launched on Dec 31, 1983. 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: FSLSX or SPY.
Correlation
The correlation between FSLSX and SPY is 0.80, 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
FSLSX vs. SPY - Performance Comparison
Key characteristics
FSLSX:
0.14
SPY:
1.97
FSLSX:
0.30
SPY:
2.64
FSLSX:
1.04
SPY:
1.36
FSLSX:
0.14
SPY:
2.97
FSLSX:
0.39
SPY:
12.34
FSLSX:
6.43%
SPY:
2.03%
FSLSX:
17.53%
SPY:
12.68%
FSLSX:
-68.98%
SPY:
-55.19%
FSLSX:
-15.53%
SPY:
-0.01%
Returns By Period
In the year-to-date period, FSLSX achieves a 0.77% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, FSLSX has underperformed SPY with an annualized return of 3.12%, while SPY has yielded a comparatively higher 13.22% annualized return.
FSLSX
0.77%
-0.51%
-4.98%
-0.84%
8.03%
3.12%
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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FSLSX vs. SPY - Expense Ratio Comparison
FSLSX has a 0.86% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSLSX vs. SPY — Risk-Adjusted Performance Rank
FSLSX
SPY
FSLSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Strategies Fund (FSLSX) 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
FSLSX vs. SPY - Dividend Comparison
FSLSX's dividend yield for the trailing twelve months is around 0.82%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 0.82% | 0.82% | 0.63% | 0.74% | 0.94% | 0.84% | 1.37% | 1.25% | 1.44% | 1.74% | 1.24% | 0.95% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSLSX vs. SPY - Drawdown Comparison
The maximum FSLSX drawdown since its inception was -68.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSLSX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSLSX vs. SPY - Volatility Comparison
Fidelity Value Strategies Fund (FSLSX) has a higher volatility of 3.66% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that FSLSX'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.