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.
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.
Performance
FSMVX vs. SPY - Performance Comparison
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Key characteristics
FSMVX:
0.23
SPY:
0.67
FSMVX:
0.34
SPY:
1.03
FSMVX:
1.04
SPY:
1.15
FSMVX:
0.12
SPY:
0.69
FSMVX:
0.37
SPY:
2.61
FSMVX:
7.77%
SPY:
4.92%
FSMVX:
21.95%
SPY:
20.44%
FSMVX:
-62.92%
SPY:
-55.19%
FSMVX:
-10.23%
SPY:
-3.44%
Returns By Period
In the year-to-date period, FSMVX achieves a -2.41% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, FSMVX has underperformed SPY with an annualized return of 7.05%, while SPY has yielded a comparatively higher 12.73% annualized return.
FSMVX
-2.41%
5.52%
-9.65%
4.98%
8.45%
15.63%
7.05%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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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 14.30%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 14.30% | 10.41% | 1.17% | 13.12% | 1.30% | 1.99% | 1.87% | 14.79% | 8.92% | 1.34% | 5.15% | 6.60% |
SPY SPDR S&P 500 ETF | 1.21% | 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 -62.92%, 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.
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Volatility
FSMVX vs. SPY - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 6.16% compared to SPDR S&P 500 ETF (SPY) at 4.85%. 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.
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