FSMVX vs. SPY
Compare and contrast key facts about Fidelity Mid Cap Value Fund (FSMVX) and SPDR S&P 500 ETF (SPY).
FSMVX is managed by Fidelity. It was launched on Nov 15, 2001. 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: FSMVX or SPY.
Correlation
The correlation between FSMVX and SPY is 0.89, 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
FSMVX vs. SPY - Performance Comparison
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Key characteristics
FSMVX:
-0.50
SPY:
0.50
FSMVX:
-0.49
SPY:
0.88
FSMVX:
0.93
SPY:
1.13
FSMVX:
-0.31
SPY:
0.56
FSMVX:
-0.80
SPY:
2.17
FSMVX:
12.61%
SPY:
4.85%
FSMVX:
22.69%
SPY:
20.02%
FSMVX:
-62.80%
SPY:
-55.19%
FSMVX:
-22.56%
SPY:
-7.65%
Returns By Period
In the year-to-date period, FSMVX achieves a -8.26% return, which is significantly lower than SPY's -3.42% return. Over the past 10 years, FSMVX has underperformed SPY with an annualized return of 2.36%, while SPY has yielded a comparatively higher 12.35% annualized return.
FSMVX
-8.26%
9.98%
-20.35%
-11.15%
11.03%
2.36%
SPY
-3.42%
7.58%
-5.06%
9.73%
15.77%
12.35%
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FSMVX vs. SPY - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSMVX vs. SPY — Risk-Adjusted Performance Rank
FSMVX
SPY
FSMVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) 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.
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Dividends
FSMVX vs. SPY - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 1.05%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 1.05% | 0.96% | 0.79% | 1.45% | 1.30% | 1.99% | 1.87% | 2.45% | 1.88% | 1.34% | 2.30% | 7.49% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSMVX vs. SPY - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.80%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSMVX and SPY. For additional features, visit the drawdowns tool.
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Volatility
FSMVX vs. SPY - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) and SPDR S&P 500 ETF (SPY) have volatilities of 7.42% and 7.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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