FSSMX vs. SPY
Compare and contrast key facts about Fidelity Stock Selector Mid Cap Fund (FSSMX) and SPDR S&P 500 ETF (SPY).
FSSMX is managed by Fidelity. It was launched on Feb 20, 1996. 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: FSSMX or SPY.
Correlation
The correlation between FSSMX and SPY is 0.87, 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
FSSMX vs. SPY - Performance Comparison
Key characteristics
FSSMX:
0.79
SPY:
1.82
FSSMX:
1.19
SPY:
2.45
FSSMX:
1.15
SPY:
1.33
FSSMX:
0.67
SPY:
2.77
FSSMX:
3.09
SPY:
11.49
FSSMX:
4.09%
SPY:
2.03%
FSSMX:
15.92%
SPY:
12.70%
FSSMX:
-50.54%
SPY:
-55.19%
FSSMX:
-6.40%
SPY:
0.00%
Returns By Period
In the year-to-date period, FSSMX achieves a 5.17% return, which is significantly higher than SPY's 4.04% return. Over the past 10 years, FSSMX has underperformed SPY with an annualized return of 4.00%, while SPY has yielded a comparatively higher 13.24% annualized return.
FSSMX
5.17%
3.79%
7.44%
13.56%
5.09%
4.00%
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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FSSMX vs. SPY - Expense Ratio Comparison
FSSMX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSSMX vs. SPY — Risk-Adjusted Performance Rank
FSSMX
SPY
FSSMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Mid Cap Fund (FSSMX) 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
FSSMX vs. SPY - Dividend Comparison
FSSMX's dividend yield for the trailing twelve months is around 0.54%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSMX Fidelity Stock Selector Mid Cap Fund | 0.54% | 0.57% | 0.78% | 0.77% | 0.72% | 1.02% | 0.65% | 1.06% | 0.49% | 0.73% | 0.58% | 0.30% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSSMX vs. SPY - Drawdown Comparison
The maximum FSSMX drawdown since its inception was -50.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSSMX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSSMX vs. SPY - Volatility Comparison
Fidelity Stock Selector Mid Cap Fund (FSSMX) has a higher volatility of 3.88% compared to SPDR S&P 500 ETF (SPY) at 3.55%. This indicates that FSSMX'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.