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.
Key characteristics
| FSMVX | SPY | |
|---|---|---|
| YTD Return | 19.75% | 26.49% |
| 1Y Return | 39.70% | 38.06% |
| 3Y Return (Ann) | 5.85% | 9.93% |
| 5Y Return (Ann) | 10.49% | 15.84% |
| 10Y Return (Ann) | 5.45% | 13.32% |
| Sharpe Ratio | 2.44 | 3.11 |
| Sortino Ratio | 3.48 | 4.14 |
| Omega Ratio | 1.42 | 1.58 |
| Calmar Ratio | 2.20 | 4.54 |
| Martin Ratio | 13.56 | 20.57 |
| Ulcer Index | 2.89% | 1.86% |
| Daily Std Dev | 16.09% | 12.29% |
| Max Drawdown | -62.80% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FSMVX and SPY is 0.88, 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
In the year-to-date period, FSMVX achieves a 19.75% return, which is significantly lower than SPY's 26.49% return. Over the past 10 years, FSMVX has underperformed SPY with an annualized return of 5.45%, while SPY has yielded a comparatively higher 13.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
FSMVX vs. SPY - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 0.66%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 0.66% | 0.79% | 1.45% | 1.30% | 1.99% | 1.87% | 2.45% | 1.88% | 1.34% | 2.30% | 7.49% | 10.13% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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.
Volatility
FSMVX vs. SPY - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 5.01% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that FSMVX'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.