FSRRX vs. SPY
Compare and contrast key facts about Fidelity Strategic Real Return Fund (FSRRX) and SPDR S&P 500 ETF (SPY).
FSRRX is managed by Fidelity. It was launched on Sep 7, 2005. 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: FSRRX or SPY.
Correlation
The correlation between FSRRX and SPY is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSRRX vs. SPY - Performance Comparison
Key characteristics
FSRRX:
1.62
SPY:
1.88
FSRRX:
2.27
SPY:
2.52
FSRRX:
1.29
SPY:
1.34
FSRRX:
1.21
SPY:
2.88
FSRRX:
8.58
SPY:
11.98
FSRRX:
0.95%
SPY:
2.02%
FSRRX:
5.01%
SPY:
12.78%
FSRRX:
-37.85%
SPY:
-55.19%
FSRRX:
-0.35%
SPY:
-1.30%
Returns By Period
In the year-to-date period, FSRRX achieves a 1.78% return, which is significantly lower than SPY's 2.69% return. Over the past 10 years, FSRRX has underperformed SPY with an annualized return of 3.25%, while SPY has yielded a comparatively higher 13.37% annualized return.
FSRRX
1.78%
1.78%
3.61%
7.98%
5.72%
3.25%
SPY
2.69%
2.69%
13.66%
24.60%
15.11%
13.37%
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FSRRX vs. SPY - Expense Ratio Comparison
FSRRX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSRRX vs. SPY — Risk-Adjusted Performance Rank
FSRRX
SPY
FSRRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Real Return Fund (FSRRX) 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
FSRRX vs. SPY - Dividend Comparison
FSRRX's dividend yield for the trailing twelve months is around 4.73%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRRX Fidelity Strategic Real Return Fund | 4.73% | 4.82% | 5.29% | 7.31% | 5.35% | 2.25% | 3.05% | 3.96% | 2.49% | 2.14% | 2.99% | 2.18% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSRRX vs. SPY - Drawdown Comparison
The maximum FSRRX drawdown since its inception was -37.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSRRX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSRRX vs. SPY - Volatility Comparison
The current volatility for Fidelity Strategic Real Return Fund (FSRRX) is 1.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that FSRRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.