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:
0.72
SPY:
2.20
FSMVX:
1.03
SPY:
2.91
FSMVX:
1.14
SPY:
1.41
FSMVX:
0.73
SPY:
3.35
FSMVX:
2.40
SPY:
13.99
FSMVX:
5.03%
SPY:
2.01%
FSMVX:
16.83%
SPY:
12.79%
FSMVX:
-62.12%
SPY:
-55.19%
FSMVX:
-12.79%
SPY:
-1.35%
Returns By Period
In the year-to-date period, FSMVX achieves a 3.32% return, which is significantly higher than SPY's 1.96% return. Over the past 10 years, FSMVX has underperformed SPY with an annualized return of 4.11%, while SPY has yielded a comparatively higher 13.44% annualized return.
FSMVX
3.32%
-3.65%
-0.60%
10.59%
7.37%
4.11%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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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.
Dividends
FSMVX vs. SPY - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 0.93%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 0.93% | 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 | 1.18% | 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 -62.12%, 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 8.77% compared to SPDR S&P 500 ETF (SPY) at 5.10%. 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.