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 0.88, 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
Key characteristics
FSMVX:
0.80
SPY:
2.17
FSMVX:
1.21
SPY:
2.88
FSMVX:
1.14
SPY:
1.41
FSMVX:
1.30
SPY:
3.19
FSMVX:
3.96
SPY:
14.10
FSMVX:
3.11%
SPY:
1.90%
FSMVX:
15.42%
SPY:
12.39%
FSMVX:
-62.80%
SPY:
-55.19%
FSMVX:
-9.49%
SPY:
-3.19%
Returns By Period
In the year-to-date period, FSMVX achieves a 12.02% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, FSMVX has underperformed SPY with an annualized return of 4.38%, while SPY has yielded a comparatively higher 12.92% annualized return.
FSMVX
12.02%
-5.34%
6.95%
14.34%
8.29%
4.38%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 0.00% | 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 | 0.87% | 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 4.74% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.