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:
0.63
SPY:
2.21
FSLSX:
1.00
SPY:
2.93
FSLSX:
1.12
SPY:
1.41
FSLSX:
1.05
SPY:
3.26
FSLSX:
2.93
SPY:
14.40
FSLSX:
3.43%
SPY:
1.90%
FSLSX:
15.69%
SPY:
12.44%
FSLSX:
-68.98%
SPY:
-55.19%
FSLSX:
-8.35%
SPY:
-1.83%
Returns By Period
In the year-to-date period, FSLSX achieves a 9.05% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, FSLSX has underperformed SPY with an annualized return of 9.69%, while SPY has yielded a comparatively higher 13.04% annualized return.
FSLSX
9.05%
-7.31%
4.80%
6.90%
11.98%
9.69%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 0.58%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 0.58% | 0.63% | 0.74% | 0.94% | 0.84% | 1.37% | 1.25% | 1.44% | 1.74% | 1.24% | 0.95% | 0.80% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 4.19% compared to SPDR S&P 500 ETF (SPY) at 3.83%. 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.