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:
-0.22
SPY:
0.20
FSSMX:
-0.17
SPY:
0.42
FSSMX:
0.98
SPY:
1.06
FSSMX:
-0.19
SPY:
0.21
FSSMX:
-0.67
SPY:
0.92
FSSMX:
7.27%
SPY:
4.30%
FSSMX:
21.93%
SPY:
19.83%
FSSMX:
-50.54%
SPY:
-55.19%
FSSMX:
-22.04%
SPY:
-15.91%
Returns By Period
The year-to-date returns for both investments are quite close, with FSSMX having a -12.41% return and SPY slightly higher at -12.06%. Over the past 10 years, FSSMX has underperformed SPY with an annualized return of 1.81%, while SPY has yielded a comparatively higher 11.22% annualized return.
FSSMX
-12.41%
-9.06%
-15.29%
-4.92%
8.83%
1.81%
SPY
-12.06%
-8.88%
-11.39%
5.10%
14.70%
11.22%
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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 0.65%, less than SPY's 1.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSMX Fidelity Stock Selector Mid Cap Fund | 0.65% | 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 | 1.39% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 14.50% and 14.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.